SAN ANTONIO, July 27, 2016 /PRNewswire-USNewswire/ -- Tired of
renting and feeling like they were "throwing away money,"
San Antonio couple Brenda Guerrero and Adrian Roman wanted a change.
They were looking into renting a house when Ms. Guerrero's
sister told the couple about the Homebuyer Equity Leverage
Partnership (HELP) program. HELP is offered by the Federal Home
Loan Bank of Dallas (FHLB Dallas)
through member institutions such as Texas Capital Bank to assist
income-qualified first-time homebuyers with down payments and
closing costs.
A $4,000 HELP grant from FHLB
Dallas and Texas Capital Bank was just what the couple and their
daughter needed to move out of a government-assisted apartment and
into a new home of their own. The grant helped with the down
payment and closing costs of the three-bedroom home, built by
Habitat for Humanity of San
Antonio (HFHSA).
HFHSA Vice President Stephanie
Wiese said making affordable housing available to the
San Antonio community is at the
heart of her organization's efforts.
"We put in a lot of 'sweat equity' into helping local families
achieve their dreams of homeownership," said Ms. Wiese. "Partnering
with FHLB Dallas and Texas Capital Bank helps us provide the actual
equity would-be homeowners need to get across the finish line."
The $1 million in 2016 HELP
funding, made available in January on a first-come, first-served
basis, has been exhausted. More than $448,000 in HELP funds will assist 102 families
in Texas in 2016. To date in 2016,
Texas Capital Bank has awarded $32,000 in HELP grants to assist eight
income-qualified, first-time homebuyers.
Texas Capital Bank Senior Vice President and Director of
Community Development Effie Dennison
said HELP is a great community investment tool.
"Texas Capital Bank's commitment to supporting the San Antonio community is strengthened by our
partnership with organizations such as FHLB Dallas and Habitat for
Humanity," she said. "By making HELP available to our customers, we
are providing great value to not only our customers, but the
community as a whole."
Greg Hettrick, first vice
president and director of Community Investment at FHLB Dallas,
agrees with Ms. Dennison, adding that the HELP program is valuable
in more ways than one.
"HELP gives residents across our District the capital they need
to purchase their first homes," he said. "In partnership with Texas
Capital Bank, we are glad to assist local families in this
regard."
Ms. Guerrero said she and her family love their new house and
can't wait to decorate.
"It's a good feeling to own my own house," she said. "It's
comfortable, it's a positive change, and it's nice to not have to
worry about where my money's going."
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 Habitat for Humanity of San
Antonio
Habitat for Humanity of San
Antonio is an ecumenical, Christian organization working in
partnership with families in need to build decent and affordable
homes without interest or profit. Habitat families all put in
300 hours of "sweat equity" building their own home and in turn,
they purchase their homes with a 0 percent interest, 20-year
mortgage. HFHSA was the first U.S. affiliate of Habitat for
Humanity and is celebrating its 40th anniversary this
year. The organization has built 968 homes.
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