Affordable Housing Complex Opens with Help of $850K Grant from FHLB Dallas and BankPlus

Affordable Housing Program Grant Helped Fund Rehabilitation of 40 Units

PATTISON, Miss.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), BankPlus and the Mississippi Regional Housing Authority VI (MRHA VI) celebrated the re-opening of the newly rehabilitated Pattison Homes I & II, a 40-unit affordable housing community in Pattison, Mississippi. An $850,000 Affordable Housing Program (AHP) grant awarded by FHLB Dallas through member institution BankPlus helped fund the $2.5 million project.

The rehabilitation included new roofs, HVAC systems, energy-efficient windows and other upgrades for Pattison Homes I & II, which consists of 11 buildings with one-, two- and three-bedroom rental homes.

“We are grateful for the AHP grant, which helped strengthen our mission to provide affordable housing for families in Claiborne County,” said Dr. Hickman Johnson, executive director of MRHA VI, which owns and manages the properties. “The support of FHLB Dallas and our local partner BankPlus has been essential in funding this work.”

AHP grants, awarded through FHLB Dallas member institutions, fund the development, purchase and rehabilitation of affordable rental properties, owner-occupied housing and homes for unhoused individuals.

“At BankPlus, we are committed to supporting housing efforts that improve the quality of life for Mississippi residents,” BankPlus Senior Vice President Mark Ouellette said. “Partnering with MRHA VI and FHLB Dallas on this project preserved much-needed affordable housing while supporting long-term community vitality in Claiborne County.”

Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas, said the AHP has provided more than $577 million toward affordable housing development since 1990.

“Pattison Homes I & II, supported through the Affordable Housing Program, is an example of how strong partnerships can sustain and strengthen affordable multifamily housing in the communities we serve,” Mr. Hettrick said.

FHLB Dallas will announce 2026 grantees this fall. Learn more about AHP at fhlb.com.

Contact FHLB Dallas Corporate Communications at 214.441.8445 or [e-mail] for photos from the event.

About BankPlus

Founded in 1909, BankPlus is one of the Southeast’s premier regional banks serving consumers and businesses with the latest technology through a full suite of financial services, including retail banking, commercial banking, mortgage lending and wealth management. With over $8.3 billion in total assets, BankPlus operates 73 financial centers throughout Mississippi, Alabama, Louisiana and Florida.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $107.8 billion as of June 30, 2026, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 780 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.