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Federal Home Loan Bank of Dallas and Texas Capital Award $510K for Veterans Housing

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Federal Home Loan Bank of Dallas and Texas Capital Award $510K for Veterans Housing
News

News

Federal Home Loan Bank of Dallas and Texas Capital Award $510K for Veterans Housing

2024-08-02 04:49 Last Updated At:04:50

WACO, Texas--(BUSINESS WIRE)--Aug 1, 2024--

A $510,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Texas Capital, will help fund a 34-efficiency unit affordable housing development for veterans in Waco, Texas. Congressional and state-elected leaders and local dignitaries gathered last week for a ground-breaking ceremony of the development at the Doris Miller VA Center (VA campus).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801888456/en/

The AHP grant was awarded to Solutions for Veterans, a Georgia-based nonprofit that develops supportive housing and coordinating services for veterans at select VA medical center campuses around the U.S.

The $10 million Freedom’s Path Waco development will renovate three existing historic structures on the Waco VA campus. It will also include a new multipurpose community building with eight residential units. The development is expected to open in late 2026.

“Texas Capital is proud to be a part of this housing development for veterans with disabilities, veterans who may be homeless or at risk of becoming homeless,” said Worley Barker, director, Community Development Lending and Investments at Texas Capital. “It has been a pleasure to work with the FHLB Dallas on this grant and we look forward to partnering on other initiatives that will make a positive impact across the state.”

AHP grants assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the area median income.

“This affordable housing development is special because it will be built on an existing VA campus with healthcare and social services for veterans right outside their apartment units,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “We are pleased to be a part of it.”

In 2023, FHLB Dallas awarded $28.4 million in AHP General Fund grants to 43 affordable housing projects. The grants will help create 2,677 new or rehabilitated housing units. In 2024, $79.4 million has been allocated for the AHP General Fund and awards will be announced this fall. Learn more about the FHLB Dallas Affordable Housing Program.

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, the parent company of Texas Capital Bank d/b/a Texas Capital, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, building a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital established commercial banking, consumer banking, investment banking and wealth management capabilities. Member FDIC. For more information, please visit www.texascapital.com.

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 $126.2 billion as of June 30, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. Visit fhlb.com for more information.

Left to right: The Honorable Doc Anderson, The Honorable Pete Sessions, Stan Parker, The Honorable Brian Birdwell and Craig Taylor, President, Solutions for Veterans. (Photo: Business Wire)

Left to right: The Honorable Doc Anderson, The Honorable Pete Sessions, Stan Parker, The Honorable Brian Birdwell and Craig Taylor, President, Solutions for Veterans. (Photo: Business Wire)

Next Article

Ireland is finally set to get a new government, led by a familiar face

2025-01-22 17:21 Last Updated At:17:30

DUBLIN (AP) — Veteran politician Micheál Martin is set to become Ireland's prime minister for a second time on Wednesday when lawmakers formally approve him as head of a coalition government.

The confirmation comes almost two months after an election in which Martin’s Fianna Fáil party won the most seats, but not enough to govern alone.

After weeks of talks, the long-dominant center-right parties Fianna Fáil and Fine Gael agreed to form a coalition with the support of several independent lawmakers.

Under the deal, Martin. 64, will be taoiseach, or prime minister, for three years, with Fine Gael’s Simon Harris – the outgoing taoiseach – as his deputy. The two politicians will then swap jobs for the rest of the five-year term.

Members of both parties have ratified the government agreement, and Matin is set to be confirmed by members of the Dáil, parliament’s lower house, on Wednesday. He will then be formally appointed to the job by President Michael D. Higgins before appointing his Cabinet.

In Ireland’s Nov. 29 election, voters bucked a global trend that saw incumbent governments ousted around the world in 2024. Fianna Fail won 48 of the 174 legislative seats and Fine Gael 38. They’ve secured backing to govern from the mostly conservative Regional Independent Group, which will be given two ministerial positions.

Fine Gael and Fianna Fáil share broadly similar center-right policies but a century-old rivalry stemming from their origins on opposing sides of Ireland’s civil war in the 1920s. They formed an alliance after the 2020 election ended in a virtual dead heat.

Their new agreement shuts out left-of-center party Sinn Fein, which will stay in opposition despite winning 39 seats. Fine Gael and Fianna Fail have refused to work with them because of their historic ties with the Irish Republican Army during three decades of violence in Northern Ireland.

The new government faces huge pressure to ease rising homelessness, driven by soaring rents and property prices, and to better absorb a growing number of asylum-seekers.

The cost of living — especially Ireland’s acute housing crisis — was a dominant topic in the election campaign, and immigration has become an emotive and challenging issue in a country of 5.4 million people long defined by emigration.

Fianna Fail leader Micheal Martin and deputy leader Jack Chambers during the Fianna Fail ard fheis conference at the Radisson Hotel, in Dublin, Sunday Jan. 19, 2025. (Gareth Chaney/PA via AP)

Fianna Fail leader Micheal Martin and deputy leader Jack Chambers during the Fianna Fail ard fheis conference at the Radisson Hotel, in Dublin, Sunday Jan. 19, 2025. (Gareth Chaney/PA via AP)

Fianna Fail leader Micheal Martin speaks to the media, in Dublin, Sunday Jan. 19, 2025. (Gareth Chaney/PA via AP)

Fianna Fail leader Micheal Martin speaks to the media, in Dublin, Sunday Jan. 19, 2025. (Gareth Chaney/PA via AP)

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