On March 28, two West Texas community banks came together to support a mission that will improve the lives of teachers, first responders and the Midland Memorial Medical staff by providing affordable housing opportunities in Midland. Midland-based Community National Bank and West Texas National Bank, both known for their philanthropic efforts in the Permian Basin, each donated $25,000 to the Hillcrest Village Housing Development project.
C.J. Edgmon, West Texas National Bank CFO; Chris Whigham, West Texas National Bank CEO; Shane Kail, Community National Bank senior lending officer; and Brad Bullock, Community National Bank COOThe Hillcrest Village Housing Development, instituted by the Midland Community Development Corp., is a new, mixed-purpose single-family housing development on 19.8 acres that will provide affordable homes for sale to two groups: homebuyers meeting HUD income guidelines and homebuyers who are Midland ISD teachers, Midland Memorial hospital staff or City of Midland first responders. The development’s first home broke ground on March 29.
“With a project this large in scope, it takes so many entities in the community working together to make it happen,” Brad Bullock, Community National Bank COO, told the Midland Reporter-Telegram. “Everyone participating certainly has their own opinions of how to make the community a stronger place, but we put those individual agendas aside to accomplish something greater together than we could ever accomplish alone.” Bullock also serves as president of the Midland Community Development Corp. board of directors.
Total contributions to this project total $1.9 million to help defray the costs of the infrastructure for the neighborhood.
“Using foundation support, the support of our local banking community and the donation from Framing Square, we pour all of that into Hillcrest Village to keep the price down on these homes to make them truly affordable,” David Diaz, executive director of the Midland Community Development Corp., told the Reporter-Telegram.
Established in 1984, Community National Bank operates 11 banking offices in West Texas and Dallas. Established in 1904, West Texas National Bank operates 11 banking offices in West Texas.
