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NewLife Homes Holds Groundbreaking for the Sundowner Uhuru Apartment Complex

Federal Home Loan Bank of Dallas Logo

ALBUQUERQUE, N.M., April 17, 2013 (GLOBE NEWSWIRE) -- Please join representatives from NewLife Homes and the Federal Home Loan Bank of Dallas (FHLB Dallas) as they celebrate the official groundbreaking on the Sundowner Uhuru, an apartment complex in Albuquerque for the homeless and individuals suffering from mental illness.

The project, which was awarded a 500,000 Affordable Housing Program (AHP) grant by FHLB Dallas, will result in 71 studio, one-bedroom, and two-bedroom apartments that will serve a mix of very low-income residents, as well as provide some market rate apartments, and also target female veterans and their families.

WHEN: 11:00 A.M, Thursday, April 18, 2013
WHO: The Honorable Richard J. Berry, Mayor of Albuquerque
John Bloomfield, Executive Director, NewLife Homes
Justin Spielmann, New Mexico Museum of Natural History and Science
Tim Newell, President, Fair West Neighborhood Association
Aaron Krasnow, Investment Manager/VP, RBC Capital Markets
Jay Czar, Executive Director, New Mexico Mortgage Finance Authority
Michael Lambert, Government & Industry Liaison, FHLB Dallas
Garrett Smith, Architect, Garrett Smith, Ltd.
Rey Garduno, Albuquerque City Council, District 6
Timothy M. Keller, New Mexico State Senate, District 17
Dale Doremus, Program Manager, New Mexico Environment Department
Mike Grandjean, EVP/COO, GranCor Enterprises, Inc.
WHERE: The Sundowner Motel
6101 Central Avenue NE
Albuquerque, New Mexico 87108

CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445

Source:Federal Home Loan Bank of Dallas