Affordable Housing Nonprofit Celebrates Ribbon Cutting for New Low-Income Housing

11:00 a.m. Friday, May 17; 617 Hobson Street, Houma

HOUMA, La.–(BUSINESS WIRE)–New low-income rental homes for families in Terrebonne Parish,
Louisiana, will be available to the community thanks to $1.2 million in
Affordable Housing Program (AHP) funds awarded by Synergy Bank and the
Federal Home Loan Bank of Dallas. Join Options for Independence, the
nonprofit that received the grant, and bank and project representatives
at a home dedication and ribbon cutting ceremony at 11:00 a.m.
Friday, May 17, 2019.

The event will be held at 617 Hobson Street in Houma, the site of
the first of 12 homes to be completed. The media is encouraged to attend.

Options for Independence, which provides behavioral health services and
resources for youth, families and communities, celebrated the initial
groundbreaking for home construction in March. AHP funds assist FHLB
Dallas members, such as Synergy Bank, in financing the purchase,
construction and/or rehabilitation of owner-occupied, rental or
transitional housing, as well as housing for homeless individuals in
their community. Since the AHP’s inception in 1990, FHLB Dallas has
awarded more than $278 million in AHP and AHP set-aside programs, such
as HELP and SNAP, to assist more than 51,000 households.

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

 

WHAT:

Ribbon Cutting and Home Dedication
 

WHEN:

11:00 a.m. Friday, May 17, 2019
 

WHO:

Gordon Dove, President, Terrebonne Parish Consolidated
Government

Larry Soraparu, Jr., Councilman-at-Large, St. John the
Baptist Parish

Jerry Ledet, Jr., President and CEO, Synergy Bank

Angel Rodrigue, Vice President, Synergy Bank

Barry Chauvin, President and CEO, Options for Independence

Greg Hettrick, First Vice President, Director of Community
Investment, FHLB Dallas

 

WHERE:

617 Hobson Street
Houma, Louisiana 70360
 

Contacts

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

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