Frost Bank and FHLB Dallas Awarded $500K to Assist Dallas Homeless Residents

3:30 p.m. Wednesday, October 10, St. Jude Center, 2920 Forest Lane,
Dallas

DALLAS–(BUSINESS WIRE)–Thanks, in part, to a $500,000 Affordable Housing Program (AHP) grant to
St. Jude Inc. from Frost Bank and the Federal Home Loan Bank of Dallas
(FHLB Dallas), Dallas has a new 104-unit housing complex for homeless
residents.

The media is encouraged to join local dignitaries and bank
representatives at a grand opening event at 3:30 p.m. Wednesday,
October 10, 2018,
at St. Jude Center at 2920 Forest Lane in Dallas.

The $500,000 AHP grant, which was awarded to St. Jude Inc. in early
2018, provided gap funding for the renovation of a building that
formerly served as a retirement apartment complex at the southeast
corner of Josey and Forest lanes.

AHP grants are available annually through FHLB Dallas member
institutions such as Frost Bank to assist in the development of
affordable owner-occupied and rental housing for very low- to
moderate-income households located across FHLB Dallas’ five-state
District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Since the inception of the AHP in 1990, FHLB Dallas has awarded more
than $261 million in AHP and AHP-funded grants to assist more than
48,500 families.

For more information about the AHP, visit fhlb.com/ahp.

 

WHAT:

Ribbon Cutting and Grand Opening
 

WHEN:

3:30 p.m. Wednesday, October 10, 2018
 

WHO:

Mayor Mike Rawlings, City of Dallas

Judge Clay Jenkins, Dallas County

Grant Simmons, Sr. Vice President, Frost Bank

Joseph Dingman, Treasurer, Catholic Housing Initiative

Sister Donna Markham, CEO, Catholic Charities USA

Dave Woodyard, CEO, Catholic Charities Dallas

Denise Schmitt, Community Investment Operations Manager,
FHLB Dallas

Elizabeth Hogan, Affordable Housing Analyst, FHLB Dallas

 

WHERE:

St. Jude Center
2920 Forest Lane
Dallas, Texas 75234
 

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications,
214-441-8445
fhlb.com

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