SHREVEPORT, La., Sept. 26, 2013 (GLOBE NEWSWIRE) -- Please join Red River Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) as they present $941,000 in Affordable Housing Program (AHP) grants to Holy Angels and Volunteers of America National Services at a check presentation and media event on September 30.
Holy Angels was awarded two AHP grants – one worth $385,000 to renovate one of its dorms, and another for $56,000 to create a handicap accessible bathroom and renovate the kitchen in one of its group homes. A $500,000 AHP grant was awarded to Volunteers of America National Services to assist with the construction of a 50-unit apartment complex in Shreveport, Louisiana, for very low-income elderly residents.
AHP grants are awarded through FHLB Dallas member financial institutions, such as Red River Bank, to assist in the development of affordable, owner-occupied and rental housing for very low- to moderate-income households. In 2013, FHLB Dallas awarded $11.3 million in AHP funding to 36 projects across its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
|WHEN:||11:00 a.m., Monday, September 30, 2013|
|WHO:||The Honorable Cedric Glover, Mayor of the City of Shreveport|
|The Honorable Sherri Smith Buffington, Louisiana State Senate, District 38|
|The Honorable Alan Seabaugh, Louisiana State Representative, District 5|
|The Honorable Roy Burrell, Louisiana State Representative, District 2|
|Richard Herrington, Executive Director/CEO, Housing Authority of the City of Shreveport|
|Harold Turner, President, Shreveport/Bossier City Market, Red River Bank|
|Judy Madison, Assistant Vice President, Red River Bank|
|Mark Rowe, Senior Vice President, Red River Bank|
|Jannease Seastrunk, VP, Community Relations Officer, Red River Bank|
|Evelyn V. Jones, AVP, Marketing Director, Red River Bank|
|Greg Hettrick, VP, Director of Community Investment, FHLB Dallas|
|Mike Lambert, Government and Industry Liaison, FHLB Dallas|
|Laurie Boswell, CEO, Holy Angels Residential Facility|
|Chuck Meehan, President/CEO, Volunteers of America North America|
|Brian Byrd, Regional Vice President, Volunteers of America North America|
|WHERE:||Holy Angels Residential Facility (Madonna Hall)|
|10450 Ellerbe Road|
|Shreveport, Louisiana 71106|
CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445 Follow us on Twitter @FHLBDallas
Source:Federal Home Loan Bank of Dallas