SAN ANTONIO, July 28, 2016 /PRNewswire-USNewswire/ -- Hard
work is nothing new to Kathryn
Reyna. The single mother works 11-hour days at two jobs to
provide for her 7-year-old daughter. Then Ms. Reyna saw an ad for
Habitat for Humanity of San
Antonio (HFHSA) that opened the door to the family's new
home.
Ms. Reyna, a special-education assistant and after-school
caregiver at the Boys and Girls Club, was awarded a $4,000 Homebuyer Equity Leverage Partnership
(HELP) grant, which was applied to her down payment and closing
costs. The funds were part of $32,000
awarded to HFHSA in 2016 from Texas Capital Bank and the Federal
Home Loan Bank of Dallas (FHLB
Dallas).
Ms. Reyna worked with HFHSA staff and volunteers to help build
her three-bedroom, two-bath home. She and her daughter moved in
earlier this year.
"We were living with my mom and dad, but we were ready for some
independence," Ms. Reyna said. "We really needed a space of our
own, and I wanted to show my daughter how to be empowered."
HELP grants are awarded annually on a first-come, first-served
basis through FHLB Dallas member institutions, such as Texas
Capital Bank, to assist income-qualified, first-time homebuyers
with down payment assistance and closing costs.
HFHSA Vice President Stephanie
Wiese said HELP has solidified the dream of homeownership
for several HFHSA families.
"HFHSA works to create opportunities for homeownership," Ms.
Wiese said. "The HELP program from FHLB Dallas has made a real
difference for families. The financial assistance they receive at
closing lowers their principal, putting them in a better financial
position as they begin new chapters of their lives."
Effie Dennison, senior vice
president and director of Community Development at Texas Capital
Bank, said her institution is committed to investing in the
communities it serves.
"Affordable housing is more than a mere topic of discussion for
millions of people," she said. "The HELP program is a valuable
benefit of FHLB Dallas membership, which enables us to positively
impact lives. That's very important to us."
The $1 million in 2016 HELP
funding made available in January has been exhausted. More than
$448,000 in HELP funds assisted 102
families in Texas this year. Texas
Capital Bank has awarded $32,000 in
HELP grants in 2016 to assist eight income-qualified, first-time
homebuyers.
"Stories like that of Ms. Reyna speak to the success of what's
possible through partnership," said Greg
Hettrick, first vice president and director of Community
Investment at FHLB Dallas. "Texas Capital Bank is a valued partner
of FHLB Dallas in the community investment arena, and we thank them
for their commitment."
Ms. Reyna and her daughter are thankful, too.
"We love having our own space," Ms. Reyna said. "We enjoy what
others may take for granted, like watching TV when we want and not
having to make an appointment to do laundry!"
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