$450K Grant Helps Fund Construction of Six New Special-Needs Homes in Louisiana

5:30 p.m. Wednesday, May 1, St. Mary’s Group Homes, 6715 Highway 1
North, Boyce

BOYCE, La.–(BUSINESS WIRE)–A $450,000 Affordable Housing Program (AHP) grant to St. Mary’s
Residential Training School (St. Mary’s) from Red River Bank and the
Federal Home Loan Bank of Dallas (FHLB Dallas) helped fund the
construction of six new group homes for developmentally disabled adults
with severe or profound intellectual disabilities in the Alexandria,
Louisiana, area.

The media is encouraged to join local dignitaries and bank
representatives at a ribbon cutting ceremony and check presentation at 5:30
p.m. Wednesday, May 1 at St. Mary’s Group Homes at 6715 Highway 1
North in Boyce.

FHLB Dallas annually returns 10 percent of its profits in the form of
AHP grants to the communities served by its member institutions, like
Red River Bank. AHP grants fund a variety of projects, including home
rehabilitation and modifications for low-income, elderly and
special-needs residents; down payment and closing cost assistance for
qualified first-time homebuyers; and the construction of low-income,
multifamily rental communities and single-family homes.

Each group home contains eight individual living areas in addition to a
laundry facility, community room, kitchen and handicap accessible
bathrooms.

Since the inception of the AHP in 1990, FHLB Dallas has awarded more
than $278 million in AHP and AHP-funded grants to assist more than
51,000 families.

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

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214)
441-8445