More Than $2.8M in Affordable Housing Program Funds Awarded in U.S. Representative Troy Carter’s District
15 Agosto 2024 - 4:50PM
Business Wire
Funds Will Assist in Development of Affordable
Housing in New Orleans, Baton Rouge and River Ridge, Louisiana
The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to
announce that more than $2.8 million was awarded via four
Affordable Housing Program (AHP) grants in U.S. Representative Troy
Carter’s district to increase the supply of affordable housing
stock for individuals and families in need.
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U.S. Representative Troy Carter (Photo:
Business Wire)
“Affordable housing is a cornerstone of a thriving community and
a basic right of every Louisiana resident,” said Representative
Carter. “I want to thank the Federal Home Loan Bank of Dallas for
its commitment to affordable housing access which helps Louisiana
residents build a secure future.”
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’s median income. The following projects in
Congressman Carter’s district received AHP grants:
- Banneker Community and H3C Apartments: Gulf Coast
Housing Partnership received two grants totaling $1,285,000 from
Home Bank for projects in River Ridge and New Orleans, Louisiana.
The funds will be used for the completion of Banneker Community — a
29-unit development and H3C Apartments — a health-focused,
affordable community in the heart of New Orleans.
- Howell Village Grandfamily and Howell Village Senior:
Gulf Coast Housing Partnership received an additional two grants
totaling $1,555,000 from Red River Bank in Baton Rouge, Louisiana.
The funds will be used for the completion of Howell Village
Grandfamily and Howell Village Senior — 59- and 72-unit communities
designed to meet the needs of low- to moderate-income seniors.
“We are thankful for Congressman Carter’s support for affordable
housing initiatives and believe this grant will make a positive
impact on the residents of New Orleans and Baton Rouge,” said Bre
Chapman, executive vice president, chief ESG and administrative
officer at FHLB Dallas.
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
Louisiana.
This year, $99.4 million has been allocated for AHP and
homeownership set-aside grants, which also help first-time
homebuyers, special-needs households and homeowners impacted by
disasters. Learn more at fhlb.com/ahp.
About Congressman Carter
Congressman Troy A. Carter, Sr. is a dedicated and elected
United States House of Representatives member from Louisiana's 2nd
Congressional District, always striving to serve his constituents.
He currently serves on the Transportation and Infrastructure
Committee, one of the most significant committees in Congress that
has jurisdiction over all modes of transportation and
infrastructure. He also serves on the powerful committee for
Homeland Security of the United States, where he serves as Ranking
Member over Emergency Management and Technology.
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