DEL RIO, Texas–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas will join Wells Fargo Bank at a groundbreaking ceremony for a 60-unit affordable apartment complex in Del Rio, Texas, on Friday. The project received an $850,000 Affordable Housing Program (AHP) grant from FHLB Dallas.
The AHP funds will be used for the reconstruction of Rio Manor Apartments, a 46-year-old multifamily apartment community. Twelve units will be added, as well as upgrades for energy efficiency and added ADA requirements and improving the community for residents. The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. The funds were awarded to Prospera Housing Community Services (Prospera) through Wells Fargo, an FHLB Dallas member institution.
The media is encouraged to attend the groundbreaking ceremony, which will include representatives from Wells Fargo, Rio Manor and Prospera.
Learn more about the Dallas FHLB Affordable Housing Program.
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WHAT: |
Groundbreaking Ceremony |
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WHEN: |
11:00 a.m., Friday, March 22, 2024 |
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WHO: |
Erin Boyd, Wells Fargo Multi-Family Capital |
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Jacque Woodring, Prospera Housing Community Services |
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Angela Jacquez, Prospera Housing Community Services |
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Bradford McMurray, Prospera Housing Community Services |
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Rogelio Granado, Prospera Housing Community Services |
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Cindy Marquez, Prospera Housing Community Services |
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Kimberly Chenevert, Prospera Housing Community Services |
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James Butcher, Prospera Housing Community Services |
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Giselle Britt, Prospera Housing Community Services |
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Mercedes G. Ruiz, Rio Manor Property Manager |
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Aranya De Sola, Prospera Housing Community Services |
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Jorge Trillo, Prospera Housing Community Services |
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WHERE: |
600 West Cantu Road, Del Rio, Texas, 78840 |
