Corpus Christi Affordable Apartment Community to Open, Thanks to $476K Grant from Wells Fargo and FHLB Dallas – San Antonio Business Journal

Lexington Manor Apartments | 3126 Ray Ellison Dr Unit B, Corpus ...

10:00 a.m. Tuesday, April 3, 711 Glenoak Drive, Corpus Christi

CORPUS CHRISTI, Texas–(BUSINESS WIRE)

Thanks, in part, to a $476,000 Affordable Housing Program (AHP) grant to Prospera Housing Community Services from Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas), Corpus Christi has a new apartment complex for low-income residents.

The media is encouraged to join local dignitaries and bank representatives at a ribbon cutting event at 10:00 a.m. Tuesday, April 3, 2018, at the Glenoak Apartments at 711 Glenoak Drive in Corpus Christi.

The $476,000 AHP grant, which was awarded to Prospera Housing Community Services in 2015, provided gap funding for the construction of the 68-unit affordable multifamily apartment community, located in the Flour Bluff area of Corpus Christi.

AHP grants are available annually through FHLB Dallas member institutions such as Wells Fargo to assist in the development of affordable owner-occupied and rental housing for very low- to moderate-income households located across FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Since the inception of the AHP in 1990, FHLB Dallas has awarded more than $261 million in AHP and AHP-funded grants to assist more than 48,500 families.

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

WHAT:

Ribbon Cutting and Grand Opening

WHEN:

10:00 a.m. Tuesday, April 3, 2018

WHO:

Joe McComb, Mayor of City of Corpus Christi

John Longoria, Board Member, Corpus Christi Independent School District, District 1

Shelly Whitlock, Coastal Bay District Manager, Wells Fargo

Gil Piette, Executive Director, Prospera Housing Community Services

Steven Matkovich, Affordable Housing Analyst, FHLB Dallas

WHERE:

Glenoak Apartments 711 Glenoak Drive Corpus Christi, Texas 78418

View source version on businesswire.com: https://www.businesswire.com/news/home/20180402005689/en/

Contacts

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

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