Housing for Homeless Men to Break Ground, Thanks to $430K Grant from Austin Bank and FHLB Dallas

TYLER, Texas–(BUSINESS WIRE)–Thanks, in part, to a $430,168 Affordable Housing Program (AHP) grant from Austin Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas), Hiway 80 Rescue Mission will provide long-term housing to 24 homeless men in Tyler, Texas.

Thanks to a $430K Affordable Housing Program grant from Austin Bank and @FHLBDallas, Triumph Village will break ground on April 10, ultimately providing housing to 24 homeless men.

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The media is encouraged to join local dignitaries and bank representatives at a groundbreaking at 11:00 a.m. Tuesday, April 10, 2018, at 12781 TX-64 West in Tyler.

The $430,168 AHP grant will provide funding for the demolition and reconstruction of two cottages that will provide long-term housing, addiction recovery and social services for homeless men. The cottages are part of a community called Triumph Village, and are expected to be completed in December.

AHP grants are available annually through FHLB Dallas member institutions such as Austin Bank to assist in the development of affordable owner-occupied and rental housing for very low- to moderate-income households located across FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. Triumph Village is one of 19 affordable housing projects to benefit from $7 million in grants awarded this year to affordable housing projects in FHLB Dallas’ five-state District.

For more information about the AHP, visit fhlb.com/ahp.

WHAT:

Groundbreaking WHEN: 11:00 a.m. Tuesday, April 10, 2018 WHO: Debbie Braune, Senior Vice President of Risk Management and CRA Officer, Austin Bank Dawn Moltzan, Director, Hiway 80 Mark Loya, Senior Affordable Housing Analyst, FHLB Dallas WHERE: 12781 TX-64 West Tyler, Texas 75704

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