FORT WORTH, Texas, June 1, 2016 /PRNewswire/ -- Presbyterian
Night Shelter, the largest provider of services to the homeless
population in the Fort Worth,
Texas area, is opening a new women and children's
center.
The Morris Foundation Women and Children's Center (Center) is a
30,000-square-foot facility providing 40 private housing units for
homeless women and children. This $8.4
million project was funded in part by a $500,000 Affordable Housing Program (AHP) grant
from Texas Capital Bank and the Federal Home Loan Bank of
Dallas (FHLB Dallas). Today, the
Center held a grand opening and dedication ceremony, which was
attended by project representatives and dignitaries including First
Lady Cecilia Abbott and
Councilmember Kelly Allen Gray (D-8).
"The construction of the Morris Foundation Women and Children's
Center is a testament to Presbyterian Night Shelter's commitment to
providing essential services to Tarrant
County's in-need women and children," said Councilmember
Gray. "It gives me great joy to see this project come to fruition
and I applaud Texas Capital Bank and the Federal Home Loan Bank of
Dallas for their involvement in
this project."
Presbyterian Night Shelter Chief Executive Officer Toby Owen says that by improving quality,
capacity, and impact of services to women and children, the
facility is expected to decrease the length of stay and empower
women to live more independently.
"Our new Women and Children's Center is not a traditional
emergency shelter," said Mr. Owen. "This grant allowed us to
complete our funding for the Center, and extend the impact of
support services we offer for women and children to move to stable,
permanent housing."
Effie Dennison, senior vice
president and director of Community Development at Texas Capital
Bank, said that the addition of the Center is an asset to the
community.
"Texas Capital Bank is thankful for the opportunity to help make
affordable housing for DFW's homeless women and children
available," said Ms. Dennison. "This would not have been possible
without our partnership with the Federal Home Loan Bank of
Dallas."
The addition of the Center will increase capacity from serving
30 families to 40, and its space to serve single women will expand,
allowing up to 148 women to receive care at a time. Additionally,
28 private rooms were added, and ample dining space will allow
everyone to be served at one time. The new space will also be
available for vocational life skills and personal financial
management training.
The new facility is expected to decrease security risks because
it is situated away from high homeless foot traffic and is
custom-designed with security in mind, Mr. Owen said.
FHLB Dallas, in partnership with its member financial
institutions, has awarded more than $7.4
million in AHP grants to 32 projects, primarily within its
five-state District of Arkansas,
Louisiana, Mississippi, New
Mexico, and Texas. Of this
amount, the Lone Star State was awarded $2.3
million to construct or rehabilitate 265 units. In 2016,
FHLB Dallas will award $7.6 million
in AHP grants. Recipients will be announced later this year.
FHLB Dallas annually returns 10 percent of its profits in the
form of AHP grants to the communities served by its member
institutions. AHP grants fund a variety of projects, including home
rehabilitation and modifications for low-income, elderly, and
special needs residents; down payment and closing cost assistance
for qualified first-time homebuyers; and the construction of
low-income, multifamily rental communities and single-family
homes.
"This is an important day because not only are we celebrating
the completion of this project, but also because we are reminded of
the great things that can happen when institutions come together
for a good cause," said Greg
Hettrick, first vice president and director of Community
Investment at FHLB Dallas. "We are proud of our partnership with
Texas Capital Bank on this initiative to make housing and vital
services available to Fort Worth
residents in need."
About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the
Russell 2000® Index and the S&P SmallCap 600®, is the parent
company of Texas Capital Bank, a commercial bank that delivers
highly personalized financial services to businesses and
entrepreneurs. Headquartered in Dallas, the bank has full-service locations in
Austin, Dallas, Fort
Worth, Houston and
San Antonio.
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 $49.5 billion as of
March 31, 2016, is a member-owned
cooperative that supports housing and community development by
providing competitively priced loans and other credit products to
approximately 850 members and associated institutions in
Arkansas, Louisiana, Mississippi, New
Mexico, and Texas. For more
information, visit fhlb.com.
Contact:
Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445
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SOURCE Federal Home Loan Bank of Dallas