Transformational Campus for Homeless Opens with $500K Grant from Texas Capital Bank, FHLB Dallas

Star of Hope Cornerstone Community Celebration, 9:00 a.m., November
9, 2017

HOUSTON–(BUSINESS WIRE)–Star of Hope Mission celebrates the grand opening of the new Cornerstone
Community, a 48-acre campus for homeless women and single-parent
families with permanent supportive housing and needed service providers
in a walkable, campus setting. A $500,000 Affordable Housing Program
(AHP) grant in 2017 from Texas Capital Bank and the Federal Home Loan
Bank of Dallas (FHLB Dallas) assisted in the construction of a 180-unit
building for single women.

The media is invited to the celebration at 9:00 a.m., Thursday,
November 9, 2017, at the Hope Chapel, 2575 Reed Road in Houston, Texas.

In 2017, the Bank awarded $7 million in AHP grants to 19 affordable
housing projects. The grants will help create 1,108 new or rehabilitated
housing units. Of the total amount, Texas was awarded $3,419,168 for 722
units. Since 1990, more than $245 million in AHP and AHP set-aside
grants have been awarded through FHLB Dallas members to assist more than
45,500 individuals and families with their housing needs. For more
information about the AHP and other Community Investment programs, visit fhlb.com.

     

WHAT:

Community Celebration
 

WHEN:

9:00 a.m., Thursday, November 9, 2017
 

WHO:

Mayor Sylvester Turner, City of Houston

Jenny Guzman, Community Development Officer, Texas Capital
Bank

Annette Nguyen, SVP and Commercial Lending Manager, Amegy
Bank

Greg Hettrick, First VP and Director of Community
Investment, FHLB Dallas

Paul Speckhals, Affordable Housing Analyst, FHLB Dallas

 

WHERE:

Hope Chapel

2575 Reed Road
Houston, Texas 77051
 

Contacts

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