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CU System
Dallas FHLB awards 1 million for affordable housing to CU
DALLAS (5/22/08)--The Federal Home Loan Bank of Dallas announced it has awarded a nearly $1 million Affordable Housing Program (AHP) grants to Jackson, Miss.-based Hope Community CU to sponsor three housing projects in Louisiana. The grants are part of $9.1 million in AHP grants to 30 projects in Arkansas, Louisiana, Mississippi, Tennessee and Texas. The grants will help create 1,743 housing units for very low- to moderate-income families. Hope Community CU's grants totaled $977,000 out of nearly $2.4 million provided to projects in Louisiana. They include:
* $420,000 for 60 rental units sponsored by Gulf Coast Housing Partnership in Baton Rouge, La.; * $182,000 for 26 ownership units sponsored by Gulf Coast Housing Partnership in Hammond, La.; and * $375,000 for 54 rental units sponsored by Gulf Coast Housing Partnership in Westwego, La.


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