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$500K Grant Helps Fund Expansion of Substance Abuse Recovery Center

11:35 EDT 9 Jul 2019 | Businesswire
Federal Home Loan Bank of Dallas

11:00 a.m. Tuesday, July 9, Adult and Teen Challenge, 1099 Flat Rock Road, Azle

A $500,000 Affordable Housing Program (AHP) grant to Adult and Teen Challenge of Texas from Frost Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) helped fund the expansion of a substance abuse recovery center in Azle, Texas.

The media is encouraged to join local dignitaries and bank representatives at a ribbon cutting ceremony at 11:00 a.m. Tuesday, July 9, at the Adult and Teen Challenge of Texas campus at 1099 Flat Rock Road in Azle.

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.

Since the inception of the AHP in 1990, FHLB Dallas has awarded more than $278 million in AHP and AHP-funded grants to assist more than 51,000 families.

For more information about the AHP, visit fhlb.com/ahp.

WHAT:

Ribbon Cutting

 

 

WHEN:

11:00 a.m. Tuesday, July 9, 2019

 

 

WHO:

Greg Ambroson, Director, Azle Campus, Adult and Teen Challenge of Texas

 

Dr. George Thomas, President,Adult and Teen Challenge of Texas

 

Sarah Baughman, Development and Operations Director, Adult and Teen Challenge of Texas

 

Steven Matkovich, Senior Affordable Housing Analyst, FHLB Dallas

 

 

WHERE:

Adult and Teen Challenge of Texas

 

1099 Flat Rock Road

 

Azle, Texas 76020

 

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214) 441-8445

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