FHLB

Federal Home Loan Bank of Des Moines awards nearly $20 million to support communities through the Member Impact Fund

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Philanthropy, Other Philanthropy, Fund Raising, Finance, Foundation, Banking, Organization, Humanity, Economic development, Boys & Girls Club, Capitol Hill, Saipan, Housing, FHLB, Federal Home Loan Banks, Work, Commonwealth

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) joined efforts with 94 financial institution members to provide nearly $20 million to hundreds of non-profit and government organizations.

Key Points: 
  • The Federal Home Loan Bank of Des Moines (FHLB Des Moines) joined efforts with 94 financial institution members to provide nearly $20 million to hundreds of non-profit and government organizations.
  • The Member Impact Fund is one way FHLB Des Moines supports a strong community banking system, which is foundational to a thriving community.
  • The more than 500 grants combining both member institutions and FHLB Des Moines awards range from $10,000 to $5.13 million, bringing the total awarded to more than $26 million.
  • U.S territories: $20,000 was awarded to each U.S. territory
    FHLB Des Moines created the Member Impact Fund in 2023 to provide support and funding to targeted communities within its district.

Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $850K for Rio Manor Apartments Renovation

Retrieved on: 
Thursday, March 28, 2024
Women, Seniors, Other Philanthropy, Men, Hispanic, Urban Planning, Family, Finance, Banking, Fund Raising, Consumer, Foundation, Other Construction & Property, Professional Services, Residential Building & Real Estate, Philanthropy, Commercial Building & Real Estate, Construction & Property, Organization, AHP, Wi-Fi, Investment, Oportunidades, Computer, Housing, FHLB, Federal Home Loan Banks, Multimedia, Wells Fargo, HUD, Rehabilitation

Prospera Housing Community Services (Prospera) was awarded an $850,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member Wells Fargo, to help fund the renovation of Rio Manor Apartments, a 60-unit multifamily apartment community in Del Rio, Texas.

Key Points: 
  • Prospera Housing Community Services (Prospera) was awarded an $850,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member Wells Fargo, to help fund the renovation of Rio Manor Apartments, a 60-unit multifamily apartment community in Del Rio, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20240328255708/en/
    Representatives from organizations involved in the project break ground for Rio Manor Apartments additions in Del Rio, Texas.
  • “Wells Fargo is proud and honored to be the construction lender on this impactful project.”
    In 2023, FHLB Dallas awarded $28.4 million in AHP grants to 43 affordable housing projects.
  • “It’s great to see the AHP funds used toward a renovation that will help Del Rio residents live affordably and comfortably.”

Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $750K to CC Housing for Senior Affordable Housing Development

Retrieved on: 
Wednesday, March 27, 2024
Construction & Property, Seniors, Finance, Banking, Professional Services, Philanthropy, Consumer, Foundation, Other Philanthropy, Residential Building & Real Estate, Health, Substance abuse, CC, AHP, Catholic Charities USA, Investment, Felician Sisters, Housing, FHLB, Federal Home Loan Banks, Wells Fargo, Multimedia, Catholic Church, Rehabilitation, Real estate

FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to CC Housing to assist with construction.

Key Points: 
  • FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to CC Housing to assist with construction.
  • (Photo: Business Wire)
    CC Housing, a housing nonprofit organization based in Albuquerque, New Mexico, provides affordable housing options to low-income and special-needs families and individuals across New Mexico.
  • AHP funds assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
  • “Wells Fargo has been instrumental in affordable housing developments in areas that need it most,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

Media Advisory: Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $1.5M for Senior Housing

Retrieved on: 
Wednesday, March 20, 2024
Commercial Building & Real Estate, Construction & Property, Seniors, Banking, Professional Services, Philanthropy, Consumer, Other Philanthropy, Other Construction & Property, Residential Building & Real Estate, FHLB, Federal Home Loan Banks, Catholic Charities USA, Wells Fargo, City, Housing, Rio Rancho, New Mexico, Catholic Church, AHP, Financial adviser

The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) tomorrow at a groundbreaking ceremony for Felician Village II, a three-story, 66-unit housing development for those 55 and older.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) tomorrow at a groundbreaking ceremony for Felician Village II, a three-story, 66-unit housing development for those 55 and older.
  • FHLB Dallas awarded the project a $1.5 million in Affordable Housing Program (AHP) grant to be used for construction.
  • The funds, which were awarded through FHLB Dallas member, Wells Fargo, are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023.
  • The media is encouraged to attend the groundbreaking ceremony at Felician Village, which will include representatives from the City of Rio Rancho, FHLB Dallas and CC Housing, a division of Catholic Charities.

$1 Million to Benefit Red Lake Reservation Housing Authority Through Federal Home Loan Bank of Des Moines’ Affordable Housing Program

Retrieved on: 
Wednesday, March 20, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Fund Raising, Foundation, Residential Building & Real Estate, Red Lake Indian Reservation, Organization, AHP, Partnership, Alaska Natives, Meta, Economic development, Native, Private sector, Insurance, Federal Home Loan Banks, Housing, FHLB, Multimedia, Rehabilitation, Bank

The Federal Home Loan Bank of Des Moines (FHLB Des Moines) partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority (RLRHA) a $1 million grant to support the construction of nearly 30 new three-bedroom single-family units on the Red Lake Reservation in Minnesota.

Key Points: 
  • The Federal Home Loan Bank of Des Moines (FHLB Des Moines) partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority (RLRHA) a $1 million grant to support the construction of nearly 30 new three-bedroom single-family units on the Red Lake Reservation in Minnesota.
  • View the full release here: https://www.businesswire.com/news/home/20240320834034/en/
    The Federal Home Loan Bank of Des Moines partnered with its member First National Bank Bemidji to award Red Lake Reservation Housing Authority a $1 million grant to support new housing on the Red Lake Reservation in Minnesota.
  • (Photo: Business Wire)
    Red Lake Reservation is owned and occupied entirely by members of the Red Lake Band of Chippewa Indians — the only such reservation in Minnesota.
  • The proposed project units will be located in four communities on the Red Lake Reservation: Red Lake, Little Rock, Redby and Ponemah.

Media Advisory: FHLB Dallas and Wells Fargo Award $850K for Rio Manor Apartments Renovation

Retrieved on: 
Thursday, March 21, 2024
Construction & Property, Finance, Banking, Professional Services, Philanthropy, Environmental, Social and Governance (ESG), Other Philanthropy, Other Construction & Property, Residential Building & Real Estate, Federal Home Loan Banks, Wells Fargo, Oportunidades, AHP, FHLB

The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) at a groundbreaking ceremony for a 60-unit affordable apartment complex in Del Rio, Texas, on Friday.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) will join Wells Fargo Bank (Wells Fargo) at a groundbreaking ceremony for a 60-unit affordable apartment complex in Del Rio, Texas, on Friday.
  • The AHP funds will be used for the reconstruction of Rio Manor Apartments, a 46-year-old multifamily apartment community.
  • The funds were awarded to Prospera Housing Community Services (Prospera) through Wells Fargo, an FHLB Dallas member institution.
  • The media is encouraged to attend the groundbreaking ceremony, which will include representatives from Wells Fargo, Rio Manor and Prospera.

Change Lending Approved for Membership in the Federal Home Loan Bank of San Francisco

Retrieved on: 
Wednesday, March 13, 2024
Professional Services, Business, Communications, Finance, Consulting, Banking, Public Relations, Investor Relations, FHFA, Partnership, Bank, Acquisition, Certification, CDFI, FHLB, Federal Home Loan Banks, Treasury, AAA

Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.

Key Points: 
  • Change Lending, LLC (“Change”) announced today that the Federal Home Loan Bank of San Francisco (“FHLB-SF” or the “Bank”) has approved Change’s application for membership in the Bank.
  • This decision was based on the determination that Change satisfied all statutory requirements for membership – including those relating to capital, profitability, and liquidity.
  • Change Lending and its parent company, The Change Company CDFI LLC (“The Change Company”), are each community development financial institutions certified by the United States Department of the Treasury.
  • Steven Sugarman, Founder of The Change Company, stated, “Change Lending is proud to become a member of the FHLB-SF.

Federal Home Loan Bank of Dallas Commits $79.4 Million to Affordable Housing Program – $50 Million More Than 2023 Commitment

Retrieved on: 
Thursday, February 29, 2024
Professional Services, Philanthropy, Residential Building & Real Estate, Fund Raising, Finance, Construction & Property, Banking, Accounting, Rehabilitation, Substance abuse, FHLB, AHP, Federal Home Loan Banks, Housing, Multimedia

This year, the Federal Home Loan Bank of Dallas (FHLB Dallas) is offering $79.4 million in grants through its Affordable Housing Program (AHP) General Fund – more than $50 million than was allocated in 2023.

Key Points: 
  • This year, the Federal Home Loan Bank of Dallas (FHLB Dallas) is offering $79.4 million in grants through its Affordable Housing Program (AHP) General Fund – more than $50 million than was allocated in 2023.
  • In 2023, FHLB Dallas awarded $28.4 million in AHP grants to 43 affordable housing projects.
  • “We are at a critical point with affordable housing in the United States,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
  • “Making these funds available reinforces our commitment to affordable housing for all Americans.”
    AHP funds are distributed through FHLB Dallas member institutions to support affordable housing needs in communities, such as multifamily and single-family housing.

Federal Home Loan Bank of Dallas Donates $220K to Two Dallas Elementary Schools

Retrieved on: 
Monday, February 26, 2024
Primary, Secondary, Professional Services, Education, Philanthropy, Other Philanthropy, Finance, Banking, Philosophy, Federal Home Loan Banks, Student, Multimedia, Primary school, Achievement Medal, School, FHLB, Book, Partnership, Tutoring

The Federal Home Loan Bank of Dallas (FHLB Dallas) has donated $220,000 to two elementary schools in the Dallas Independent School District (Dallas ISD) – $110,000 each to Annie Webb Blanton Elementary in the Pleasant Grove area of Dallas, Texas, and Umphrey Lee Elementary School in the South Oak Cliff area.

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) has donated $220,000 to two elementary schools in the Dallas Independent School District (Dallas ISD) – $110,000 each to Annie Webb Blanton Elementary in the Pleasant Grove area of Dallas, Texas, and Umphrey Lee Elementary School in the South Oak Cliff area.
  • View the full release here: https://www.businesswire.com/news/home/20240226936691/en/
    The Federal Home Loan Bank of Dallas has partnered with two Dallas ISD elementary schools — Umphrey Lee and Annie Webb Blanton Elementary schools.
  • “This funding is so important for our kids,” said Alicia Iwasko, principal of Annie Webb Blanton Elementary School.
  • The bank has had a longtime partnership with the Irving Schools Foundation and expanding that support to Dallas schools is the next progression, said Bre Chapman, executive vice president at FHLB Dallas.

Federal Home Loan Bank of Dallas and First Federal Bank of Louisiana Award $75K Grant to Help Homeowners with Property Ownership Issues

Retrieved on: 
Thursday, February 22, 2024
Other Philanthropy, Construction & Property, Finance, Banking, Professional Services, Philanthropy, Foundation, Residential Building & Real Estate, CRA, Federal Home Loan Banks, Multimedia, Project, FHLB, Organization, Housing, Insurance, First Federal Bank

The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $75,000 Heirs’ Property Program grant to Project Build a Future (PBAF).

Key Points: 
  • The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $75,000 Heirs’ Property Program grant to Project Build a Future (PBAF).
  • The funds, which were awarded through FHLB Dallas member First Federal Bank of Louisiana, will be used to help locals clear heirship or title issues on their properties and secure a will.
  • (Photo: Business Wire)
    In 2023, FHLB Dallas awarded $905,200 which will assist more than 900 residents resolve an estimated 442 titles.
  • Heirs’ property refers to property inherited without a will or legal documentation of ownership.