WASHINGTON, DC – June 22, 2011 – (RealEstateRama) — As a national underwriter of the American Bankers Association Housing Partners Foundation’s upcoming build, Federal Home Loan Bank of Dallas has committed a sponsorship toward the future home of a Texas family in need. The Foundation is sponsoring a Habitat for Humanity home build in a new San Antonio development during ABA’s annual convention in October 2011.
“We’re very grateful to the FHLB of Dallas for their generous commitment to this year’s build,” said Laura Fisher, president of ABA Housing Partners Foundation. “With their support and the support of banks across the country, we will build a home for a deserving family and demonstrate the banking industry’s commitment to affordable housing.”
FHLB of Dallas, wholly owned by member financial institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas, supports homeownership, affordable housing, and community lending by providing a readily available, low-cost source of funds to its member institutions.
“Part of our overall mission is to support the expansion of homeownership and community revitalization in our region,” said Terry Smith, FHLB Dallas President and CEO. “This project accomplishes both and we are proud to support it.”
The ABA Housing Partners Foundation, in conjunction with the Texas Bankers Association, is gathering donations from bankers across the country to fund the foundation’s first build in the Southwest. The home will be built in Coleman Ridge, a new development that will be composed entirely of Habitat homes and include a newly constructed elementary school.
The upcoming build in San Antonio will be the foundation’s eleventh, with the previous ten homes built in New Orleans, San Francisco, Las Vegas, Washington, Orlando, Fla., San Diego, Chicago and Boston. Overall, ABA members have contributed $1.9 million and dedicated more than 5,000 volunteer hours.
The foundation’s mission is to promote and provide affordable housing in all communities, specifically those cities that host ABA’s Annual Convention. Supported entirely by donations, the foundation has been making a difference for 20 years.
Learn more about the ABA Housing Partners Foundation and make your contribution by visiting the website at aba.com/HousingPartners.
About the American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its two million employees. Learn more at aba.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $33.2 billion as of March 31, 2011, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.
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