SAN ANTONIO, July 29, 2016 /PRNewswire-USNewswire/ --
Alejandro Martinez grew up in a
family that never owned a home. The experience strengthened his
resolve to give his family a place of their own. Yet, the pizza
delivery driver and shift leader didn't know how he would save
enough for a down payment. That changed when his wife, Phelicia Salas, a student at San Antonio College, read about Habitat for
Humanity of San Antonio
(HFHSA).
In 2016, HFHSA received grant funding through the Homebuyer
Equity Leverage Partnership program (HELP) from the Federal Home
Loan Bank of Dallas (FHLB Dallas)
and Texas Capital Bank. Mr. Martinez and Ms. Salas were awarded a
$4,000 HELP grant, which was applied
to the down payment and closing costs of their first home, which
they helped build through HFHSA and purchased this year.
"We love coming home every day to water the grass and take care
of our house," Ms. Salas said. "Our daughter has made
friends in the neighborhood, and she can walk to school."
The family now enjoys a four-bedroom home after years of renting
apartments and smaller, more expensive houses.
"I was so excited to pay the first mortgage payment," Mr.
Martinez joked.
Effie Dennison, senior vice
president and director of Community Development at Texas Capital
Bank, said she has seen the impact of the HELP program in
San Antonio.
"The demand for decent affordable housing continues to increase
in Texas," she explained. "Texas
Capital Bank supports the development of single- and multifamily
projects and temporary housing through our membership in FHLB
Dallas, and this partnership benefits our communities."
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 programs, such as HELP, are important in
achieving the organization's overall mission.
"We help families help themselves," Ms. Wiese said. "Affordable
housing programs such as HELP are vital to assisting local families
in realizing their homeownership dreams."
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.
"HELP grants, along with FHLB Dallas' other affordable housing
programs, provide our members with a host of tools to really make a
difference in their communities," said Greg
Hettrick, first vice president and director of Community
Investment at FHLB Dallas.
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 $54.4 billion as of
June 30, 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