The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area. The funds will be used toward filling the financing gap to help The Salvation Army CENLA expand its capacity to serve homeless women and families through the new facility.ĪHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. “Partnering with FHLB Dallas will allow us to provide critically needed housing for women and their children,” said Jannease Seastrunk, Red River Bank senior vice president, community relations and CRA officer. Only men can stay at The Salvation Army CENLA’s current emergency shelter, which isn’t large enough to serve women and children. “Thanks to their generous investment, more people in Alexandria will have an option for emergency shelter.” “We are grateful for the funding support provided by Red River Bank and FHLB Dallas,” said Major Tim Williford, corps officer, The Salvation Army CENLA. Completion of the $5.7 million project is expected by July 2023.
The funding, celebrated in a ceremonial check presentation today, will assist The Salvation Army of Central Louisiana (The Salvation Army CENLA) in developing a 19,250-square-foot multifamily homeless shelter and support facility with 32 beds.
ALEXANDRIA, La.-( BUSINESS WIRE)-A homeless shelter will be built to serve women, children and men in Alexandria, Louisiana, with the help of a $750,000 Affordable Housing Program (AHP) subsidy provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member, Red River Bank.
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