TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
The Federal Home Loan Bank of Dallas (FHLB Dallas) has made available $99.4 million in grants this year through its Affordable Housing Program (AHP) and AHP homeownership initiatives. Of the total funding, $79.4 million was allocated to the AHP General Fund, which provides grants to assist FHLB Dallas members in financing the purchase, construction and … Read more
Texas Governor Greg Abbott has appointed Cindy Conroy, assistant vice president/director of community outreach at El Paso-based WestStar Bank, to the Texas Department of Housing and Community Affairs. The department is responsible for promoting and preserving homeownership, financing the development of affordable rental housing, supporting community and energy assistance programs, and performing other functions. Her … Read more
BancorpSouth Bank, a division of Tupelo, Mississippi-based Cadence Bank, and Operation HOPE have partnered to provide a free financial education and counseling program through a new HOPE Inside office in Dallas. The HOPE Inside office is part of the bank’s nearly $1.5 million investment to Operation HOPE for financial literacy programs over the next two … Read more
With housing costs on the rise across Texas, finding an affordable place to live has become a crisis for too many families. Family incomes are not rising nearly as quickly as home prices in most regions of the state. According to studies, housing costs should account for less than 31 percent of a family’s income; … Read more