$850K Affordable Housing Program Grant Awarded in Congressman Bennie Thompson’s District
06 Agosto 2024 - 1:59PM
Business Wire
Funds Will Assist with Substantial
Rehabilitation to Pattison, Mississippi, Housing Development
The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to
announce that an Affordable Housing Program (AHP) grant has been
awarded in U.S. Representative Bennie Thompson’s district that will
enable the Mississippi Regional Housing Authority No. VI to
rehabilitate a vacant property into a vibrant affordable housing
community.
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Congressman Bennie Thompson (Photo:
Business Wire)
The AHP grant was awarded by FHLB Dallas through its member
BankPlus. The grant will help fund a $2.9 million rehabilitation of
a 40-unit, vacant affordable housing development known as Pattison
Homes I & II, which contain homes with one, two and three
bedrooms for low-income residents. The housing authority
anticipates completing the rehab in December.
“This grant highlights the power of partnerships and reaffirms
our shared commitment to delivering safe and affordable housing
solutions for our community,” Representative Thompson, D-MS, said.
“I am delighted to see the Pattison Homes I & II project
awarded this $850,000 grant. It’s always rewarding when we can make
tangible progress in providing safe and affordable housing.”
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.
“The AHP grant will enhance the agency’s ability to provide
quality and affordable housing to the residents of Claiborne
County. We are indebted to the FHLB of Dallas and our local
partner, BankPlus, for making this grant possible,” said Dr.
Hickman Johnson, executive director of the Mississippi Regional
Housing Authority.
In 2023, FHLB Dallas awarded $28.4 million in AHP grants to 43
affordable housing projects to help create 2,677 new or
rehabilitated housing units in its District, which includes
Mississippi.
“We are thankful for Congressman Thompson’s support for
affordable housing initiatives and believe this grant will make a
positive impact on the residents of Pattison, Mississippi,” said
Bre Chapman, executive vice president and chief ESG and
administrative officer at FHLB Dallas.
This year, $99.4 million has been allocated for AHP and
homeownership set-aside grants, which also help first-time
homebuyers, special-needs households such as the disabled and
homeowners impacted by disasters. Visit fhlb.com/ahp to
learn more.
About Congressman Thompson
Congressman Bennie G. Thompson is an elected member of the
United States House of Representatives from Mississippi’s Second
Congressional District. Congressman Thompson claimed his seat in
the House on April 20, 1993. He is a native of Bolton,
Mississippi.
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. For more information, visit fhlb.com.
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Corporate Communications Federal Home Loan Bank of Dallas
fhlb.com (214) 441-8445