***11:00 a.m., Thursday, January 25, 1300 Oretha Castle Haley Blvd., New Orleans, Louisiana 70113***

The Federal Home Loan Bank of Dallas (FHLB Dallas), Home Bank, Red River Bank, Trustmark Bank and Fifth District Savings Bank will present $3.98 million in Affordable Housing Program (AHP) funds to support Gulf Coast Housing Partnership with building seven Affordable Housing Program projects.

The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds will help create 2,677 new or rehabilitated housing units, including more than $6.5 million for 575 units in Louisiana. For more information about the AHP, visit fhlb.com/ahp.

The AHP funds will be used for seven projects:

• The H3C Apartments Project, Fifth District Savings Bank ($850,000)
  
  A 92-unit senior (55+) multifamily housing development in New Orleans, Louisiana
  
  
  
  
• Village at the Beverly III, Trustmark Bank ($450,000)
  
  A 30-unit multifamily housing development in Hattiesburg, Mississippi
  
  
  
  
• Phoenix Square Two, Fifth District Savings Bank ($330,000)
  
  A 22-unit multifamily housing development in Hammond, Louisiana
  
  
  
  
• Phoenix Square Three, Fifth District Savings Bank ($360,000)
  
  A 24-unit multifamily housing development in Hammond, Louisiana
  
  
  
  
• Howell Village Grand Family, Red River Bank ($750,000)
  
  A 59-unit multifamily housing development in Baton Rouge, Louisiana
  
  
  
  
• Howell Village Senior, Red River Bank ($850,000)
  
  A 72-unit multifamily housing development in Baton Rouge, Louisiana
  
  
  
  
• Banneker Community, Home Bank ($435,000)
  
  A proposed development of 29 single-family homes in Jefferson Parish, Louisiana

The media is encouraged to attend the ceremonial check presentation at the H3C Apartments, which will include representatives from the banks.

Visit fhlb.com/ahp for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240122915653/en/