60-Unit Community Will Provide Secure Housing and Services for Vulnerable Groups
AUSTIN, Texas–(BUSINESS WIRE)–A $1.98 million Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through member Texas Capital Bank will help fund a 60-unit supportive housing community for the housing-fragile population in Austin, Texas. A ceremonial groundbreaking was held this week to commemorate the occasion. The AHP grant was awarded to SAFE, an Austin-based organization that works to address and end multigenerational cycles of violence and abuse.
“We are thankful to FHLB Dallas and Texas Capital for their support of this much-needed housing for some of our most vulnerable residents,” said Julia Spann, CEO of SAFE.
The Sasha is designed to provide high-quality, secure housing paired with voluntary wraparound services for Austin’s most housing-fragile populations. The development will prioritize individuals transitioning out of homelessness, those at risk of homelessness, individuals with disabilities, youth aging out of foster care and survivors of domestic violence, dating violence, sexual assault and stalking.
“Investing in affordable and permanent supportive housing is a top priority for Texas Capital,” said Todd Jordan, Texas Capital’s Austin Market President. “With partners like SAFE, we are able to invest in projects that will have a positive impact on the lives of some of the most vulnerable members of our Central Texas community.”
AHP grants assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.
“We are pleased to help bring this project to life to benefit those who need this critical assistance,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
In 2024, FHLB Dallas awarded $78.9 million in AHP General Fund grants to 41 affordable housing projects. The grants will help create 3,571 new or rehabilitated housing units. Learn more about the FHLB Dallas Affordable Housing Program.
About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $127.7 billion as of December 31, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.
Contacts
Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445
