Federal Home Loan Bank of Dallas and Wells Fargo Bank Award $850K for Rio Manor Apartments Renovation [Yahoo! Finance]
Wells Fargo & Company (WFC)
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Source: Yahoo! Finance
Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member Wells Fargo, to help fund the renovation of Rio Manor Apartments, a 60-unit multifamily apartment community in Del Rio, Texas. A ceremonial groundbreaking project was held last week to celebrate. Twelve units and multiple upgrades will be added. The complex is designed to be affordable housing, with rent based on a resident's ability to pay as required by HUD regulations. The AHP grant is part of $28.4 million in AHP grants that FHLB Dallas awarded in 2023. "Our mission at Prospera is to give families a brighter future with quality, affordable housing," said Jacque Woodring, executive director and CEO at Prospera. "This extensive renovation will give families a place they can feel proud to call home." Several amenities will be added, such as a community center, a business center equipped with computers and Wi-Fi, a swimming pool, modernized living areas with ceiling
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- WFC's page on the SEC website