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<\/a><\/a>\n\u201cPlaza Luna Lofts is a meaningful step forward in ensuring that Los Lunas residents have access to high\u2011quality, affordable housing,\u201d said NewLife Homes Inc. Executive Director John Bloomfield. \u201cThis project was made possible through collaborative partnerships and a shared vision for supporting the long\u2011term well\u2011being of our older residents.\u201d<\/p>
\nThe $1.4 million AHP grant was awarded through FNBT, an FHLB Dallas member institution.<\/p>
\n\u201cThe FHLB Dallas AHP grant allows us to expand and extend our support for impactful housing initiatives across the communities we serve,\u201d said FNBT Community Development Manager Jeremy Munden. <\/b>\u201cDevelopments like this ensure that residents who are 55 or older have access to affordable homes, which strengthens the long-term health of our neighborhoods.\u201d<\/p>
\nAHP funds are awarded through FHLB Dallas member institutions and assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.<\/p>
\n\u201cThis project is a clear example of how the AHP strengthens housing security for communities across our District,\u201d said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. \u201cBy helping to finance Plaza Luna Lofts, we\u2019re supporting the long\u2011term resilience and stability of the Los Lunas community.\u201d<\/p>
\nLearn more about the FHLB Dallas Affordable Housing Program<\/i><\/b><\/a>.<\/p> \nAbout First National Bank Texas\n \nAbout the Federal Home Loan Bank of Dallas\n