Media Advisory: Grand Opening Celebration of Senior Housing in Gravette, Arkansas
GRAVETTE, Ark.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Arvest Bank will join Upward Housing and city dignitaries for a ceremonial ribbon cutting and grand opening celebration for Spavinaw Creek Senior Housing, an affordable housing development, at 1:00 p.m., Tuesday, June 24, 2025.
FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older.
Share
FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older. The one- and two-bedroom apartments are reserved for residents with incomes that are 30 percent to 60 percent of the area's median income.
The media is encouraged to attend the ceremonial ribbon cutting event and tour.
Learn more about the AHP.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
2 days ago
- Business Wire
Media Advisory: Grand Opening Celebration of Senior Housing in Gravette, Arkansas
GRAVETTE, Ark.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Arvest Bank will join Upward Housing and city dignitaries for a ceremonial ribbon cutting and grand opening celebration for Spavinaw Creek Senior Housing, an affordable housing development, at 1:00 p.m., Tuesday, June 24, 2025. FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older. Share FHLB Dallas and Arvest Bank awarded Upward Housing a $1 million Affordable Housing Program (AHP) grant toward the construction of the $7.3 million rental complex for residents ages 55 and older. The one- and two-bedroom apartments are reserved for residents with incomes that are 30 percent to 60 percent of the area's median income. The media is encouraged to attend the ceremonial ribbon cutting event and tour. Learn more about the AHP.
Business Wire
4 days ago
- Business Wire
Federal Home Loan Bank of Dallas and First National Bank Texas Provide $25K Grant to Help El Paso Woman Achieve American Dream
EL PASO, Texas--(BUSINESS WIRE)--In a meaningful step toward advancing homeownership opportunities, the Federal Home Loan Bank of Dallas (FHLB Dallas) and First National Bank Texas (FNBT) awarded a $25,000 grant to a first-time homebuyer in El Paso, Texas. Alicia Zapata, a single mother of two, used the Homebuyer Equity Leverage Partnership (HELP) grant to make a down payment on her family's first home. 'I was renting a house I could never afford to buy, and it felt like homeownership was always out of reach. As a single mom with two growing kids, I longed for a place that was truly ours,' said Ms. Zapata. 'Thanks to the HELP grant, I finally have that. It feels incredible to give my children a home we can grow into and call our own.' Her homebuying experience was made significantly easier by the support she received from FNBT. 'My loan officer at FNBT made the homebuying process feel easy. They were always a step ahead, guiding me through every detail,' said Ms. Zapata. FNBT, an FHLB Dallas member institution, provided Ms. Zapata with her mortgage and facilitated the HELP grant toward her down payment and closing costs. HELP grants are awarded through FHLB Dallas member institutions. 'At FNBT, we take pride in tailoring solutions to each client's unique needs and responding quickly to support them every step of the way,' said FNBT VP and CRA Community Development Innovation Specialist Jeremy Munden. 'Whether it's a mortgage product we offer or connecting clients to external resources like the HELP grant, we're committed to opening doors to opportunities that can change lives.' HELP assists income-qualified, first-time homebuyers with down payment assistance and closing costs. Up to $25,000 per homebuyer is available in Texas and New Mexico and up to $20,000 per homebuyer is available in Arkansas, Louisiana and Mississippi. FHLB Dallas allocated $17 million for HELP this year, up from $15.5 million in 2024. The final round of funding for 2025, $4.25 million, opens on August 1. 'The housing challenges of today require solutions that are collaborative. Through our grant funding made available via members like FNBT, we're proud to support housing affordability,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'Their on-the-ground expertise ensures that the resources reach those who most need it, creating a lasting impact.' About First National Bank Texas First National Bank Texas (FNBT) and First Convenience Bank (FCB), a division of FNBT, remain dedicated to providing customers with quality financial products and services. Our bank was originally founded in 1901 in the Central Texas town of Killeen, only 19 years after the city was established. From our humble beginnings, we have grown to over $4 billion in assets and operate in over 340 locations in Texas, Arizona, Arkansas and New Mexico. 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 $109.9 billion as of March 31, 2025, 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
Yahoo
6 days ago
- Yahoo
Federal Home Loan Bank of Dallas to Provide $5 Million in Additional Homebuyer Down Payment Assistance Funding
DALLAS, June 16, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) has added an additional $5 million in funding to its homebuyer down payment and closing cost assistance grant program due to high demand and rising home costs. FHLB Dallas initially allocated $17 million for 2025 to its Homebuyer Equity Leverage Partnership (HELP), an increase from $15.5 million last year, but three-fourths of the grant funds have already been depleted. HELP grants are available in FHLB Dallas' five state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides the funding through its financial institution members and does not provide funds directly to consumers. Homebuyers are encouraged to reach out to a local financial institution in their area that is enrolled in the program to learn more about eligibility requirements and the application process. Find a participating member in your area. Homebuyers in Arkansas, Louisiana and Mississippi may receive grants of up to $20,000 while homebuyers in New Mexico and Texas may qualify for up to $25,000. FHLB Dallas members may begin accessing funds on the following dates: $2.5 million on July 1, 2025 $4.25 million on August 1, 2025 (The remainder of the original 2025 allocation) $2.5 million on October 1, 2025 "We are making these additional funds available due to the high demand for HELP grants that we've had from our members," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "Down payment and closing costs are often among the biggest obstacles to buying a home. We value the work our members are doing in helping transition renters into homeowners in their communities." 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 $109.9 billion as of March 31, 2025, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
