Representatives from the Federal Home Loan Bank of Dallas and Texas Capital Bank, an FHLB Dallas member institution, joined Houston dignitaries Nov. 9 for a grand-opening celebration of Star of Hope’s Cornerstone Community.
Star of Hope in Houston was awarded a $500,000 Affordable Housing Program grant this year from Texas Capital Bank and FHLB Dallas, assisting in the construction of the 48-acre campus. The campus will provide services to up to 180 single women and 150 families. Star of Hope’s former Women and Family Emergency Shelter and the Transitional Living Center have been consolidated on the Cornerstone Community campus to become the new Women and Family Development Center, a press release stated.
“Here we will serve up to 600 women and children, with a full spectrum of basic services, counseling, programs for substance abuse recovery, GED and educational opportunities, job skills training and independent living readiness,” stated Star of Hope President and CEO Hank Rush in the release.
In 2017, FHLB Dallas awarded $7 million in AHP grants to 19 affordable housing projects. The grants will help create 1,108 new or rehabilitated housing units. Of the total amount, Texas was awarded $3,419,168 for 722 units.
Since 1990, more than $254 million in AHP and AHP set-aside grants have been awarded through FHLB Dallas members to assist more than 47,000 individuals and families with their housing needs.
Photo: William C. Wilson, Texas Capital Bank; Jenny Guzman, Texas Capital Bank; David Webster, Capital Bank; Paul Speckhals, FHLB Dallas; Greg Hettrick, FHLB Dallas; Troy Gaddie, VP & CFO Star of Hope