$2 Million Affordable Housing Program Grant from FHLB Dallas and Comerica Bank Helps Launch Affordable Housing for Low-Income Seniors

Core Points - The Federal Home Loan Bank of Dallas (FHLB Dallas), Comerica Bank, and New Hope Housing celebrated the grand opening of New Hope Housing Gray, a 135-unit affordable housing development for individuals aged 55 and older in Houston, Texas [1] - The project received a $2 million Affordable Housing Program (AHP) grant from FHLB Dallas through its member Comerica Bank [1] Company and Industry Summary - FHLB Dallas is actively involved in funding affordable housing projects, demonstrating its commitment to community development [1] - Comerica Bank plays a crucial role as a member of FHLB Dallas, facilitating financial support for housing initiatives [1] - New Hope Housing focuses on providing affordable housing solutions, particularly for senior citizens, addressing a significant need in the community [1]