Associated tags: Congress, Federal Home Loan Banks, Housing, Professional Services, Banking, Construction & Property, Finance, Residential Building & Real Estate, Philanthropy, FHLB, Other Philanthropy, Federal Home Loan Bank Board, Neighbourly (community investment platform), Fund Raising
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Bank The Federal Home Loan Bank of Dallas (FHLB Dallas), a $125.1 billion cooperatively owned wholesale bank in Irving, Texas, is pleased to announce the release of its highly anticipated 2023 Affordable Housing Advisory Council (AHAC) Annual Report.
Key Points:
- The Federal Home Loan Bank of Dallas (FHLB Dallas), a $125.1 billion cooperatively owned wholesale bank in Irving, Texas, is pleased to announce the release of its highly anticipated 2023 Affordable Housing Advisory Council (AHAC) Annual Report.
- This comprehensive report highlights FHLB Dallas' commitment to financing the affordable housing and community investment initiatives of member financial institutions in its five-state region.
- “We are proud to present our 2023 Affordable Housing Advisory Council Annual Report, which reflects our unwavering dedication to building stronger, more economically vibrant communities,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
- The 2023 AHAC Report showcases FHLB Dallas’ ongoing efforts to address critical housing and economic investment needs, while delivering tangible results.
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Cryptocurrency The Federal Home Loan Bank of Dallas (Bank) today reported net income of $180.6 million for the quarter ended March 31, 2024.
Key Points:
- The Federal Home Loan Bank of Dallas (Bank) today reported net income of $180.6 million for the quarter ended March 31, 2024.
- Total assets at March 31, 2024 were $125.1 billion, compared with $128.3 billion at December 31, 2023.
- At March 31, 2024 and December 31, 2023, the Bank also held a $0.1 billion long-term U.S. Treasury Note classified as trading.
- The Bank's retained earnings increased to $2.513 billion at March 31, 2024 from $2.413 billion at December 31, 2023.
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Real estate The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership programs.
Key Points:
- The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership programs.
- View the $100 Million in AHP video to see the impact of the programs.
- “Our nation has a critical shortage of affordable housing options,” said FHLB Dallas President and CEO Sanjay Bhasin.
- “The HELP program sponsored by FHLB Dallas has been tremendous in helping Red River Bank create affordable housing in all of our markets,” said Senior Vice President Jannease Seastrunk, community relations & CRA officer at Red River Bank.
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Multimedia The Federal Home Loan Bank of Dallas (FHLB Dallas) recognized two member financial institutions for their commitment to community investment by naming them 2024 Community Area Revitalization Efforts (CARE) Award recipients.
Key Points:
- The Federal Home Loan Bank of Dallas (FHLB Dallas) recognized two member financial institutions for their commitment to community investment by naming them 2024 Community Area Revitalization Efforts (CARE) Award recipients.
- Bank of Anguilla in Anguilla, Mississippi, and Arvest Bank, headquartered in Bentonville, Arkansas, were honored today during FHLB Dallas’ annual member conference.
- View the full release here: https://www.businesswire.com/news/home/20240412585564/en/
Arvest Bank received the 2024 CARE Award from the Federal Home Loan Bank of Dallas (FHLB Dallas).
- Bank of Anguilla used $1.4 million in FHLB Dallas grants to assist 72 businesses rebuild and recover after the tornado.
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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.”
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Wednesday, March 27, 2024
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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.
Retrieved on:
Wednesday, March 20, 2024
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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.
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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.
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Thursday, February 29, 2024
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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.
Retrieved on:
Thursday, February 22, 2024
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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.
