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Stock impact report

Houston, Texas, Senior Housing Development Breaks Ground with Support of $750K FHLB Dallas Grant [Yahoo! Finance]

Cullen/Frost Bankers, Inc. (CFR) 
Last cullen/frost bankers, inc. earnings: 4/30 09:00 am Check Earnings Report
US:NYSE Investor Relations: frostbank.com/investor-relations
Company Research Source: Yahoo! Finance
Lawson Institute for Peace and Prosperity (WALIPP) and community partners broke ground on the WALIPP Senior Residences, an affordable housing development for older adults in Houston, Texas' Third Ward. The project received a $750,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through Frost Bank to support the construction. The $29.3 million affordable housing development is a joint venture between WALIPP, Volunteers of America National Services (VOANS) and Volunteers of America Texas (VOA Texas). "This has been a dream for a long time, and seeing it finally come to life is incredibly meaningful," said Cheryl Lawson, executive director of WALIPP. "We're building more than housing—we're creating a place where our seniors can feel safe, supported and part of something special." The funding from FHLB Dallas will help support the development of 102 units, offering residents 55 and older access to affordable housing and supportive se Show less Read more
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