Press Release

Today, Congressman Mike Conaway (TX-11) announced that the Midland Community Development Office and the Midland Community Development Corporation were both awarded an Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas. These grants are made to community-based organizations, in conjunction with a local financial institution.

“I am more than pleased that the Midland Community Development Office received this grant,” said Conaway. “Poor living conditions have a great impact on our children. Because of organizations such as these, families are not only provided with protection and safety, but also a sense of motivation and self-worth for the future. I applaud the Affordable Housing Program and the Federal Home Loan Bank of Dallas for their efforts in bringing this grant to Midland.”

The Midland Community Development Office will receive $20,000 towards addressing substandard housing conditions for low-income owner occupants of single family homes. Four projects will be completed with the grant, with funds made available through Western National Bank. The Midland Community Development Corp. will receive $50,000 towards down payment assistance to first time homebuyer families seeking new housing for families below 80% of area median income, with funds made available through American State Bank.

“The Bank recently awarded $8 million in affordable housing grants, which are awarded twice a year to our member institutions, enabling them to make a positive impact in their local communities. We have now awarded over $169 million in affordable housing grants since the program began in 1990,” commented Bruce Hatton, Vice President, Director of Community Investment.

For more information on the Affordable Housing Program grants, please visit their website at http://www.fhfb.gov.