***12:20 p.m., Tuesday, June 25, 5723 Sadler Circle, Dallas, Texas, 75235***
DALLAS, June 10, 2024–(BUSINESS WIRE)–Federal Housing Finance Agency (FHFA) Director Sandra Thompson will join officials from the Federal Home Loan Bank of Dallas (FHLB Dallas) to tour Oak Lawn Place, a new affordable housing development serving the aging LGBTQIA+ population in Dallas, Texas. FHLB Dallas, through member Veritex Bank, awarded the project a $750,000 Affordable Housing Program (AHP) grant.
Director Thompson will be available for media interviews following the tour.
Oak Lawn Place, which opens in July, will provide 84 units of high-quality, affordable rental housing for adults who are 55 years old or older in an environment that includes support for the LGBTQIA+ community. The apartments serve residents who earn 30 percent to 60 percent of the area median income (AMI) with 50 percent of units set aside for households earning below 50 percent of the AMI. The apartments serve residents who earn 30 percent to 60 percent of the area median income (AMI) with 50 percent of units set aside for households earning below 50 percent of the AMI.
Director Thompson, sworn in as FHFA director in June 2022, has more than 40 years of private and public sector finance experience. Prior to leading the agency, Director Thompson served as Deputy Director of the Division of Housing Mission and Goals (DHMG) for nine years, overseeing FHFA’s housing and regulatory policy, capital policy, fair lending and mission-critical activities for Fannie Mae, Freddie Mac and the Federal Home Loan Banks, which are government-sponsored enterprises regulated by FHFA. Before joining FHFA, Thompson worked at the Federal Deposit Insurance Corporation for more than 23 years in a variety of leadership positions, most recently as the Director of Risk Management Supervision.
|
Who: |
Federal Housing Finance Agency Director Sandra Thompson |
|
|
Federal Home Loan Bank of Dallas (FHLB Dallas) President and Chief Executive Officer Sanjay Bhasin |
|
|
Members of FHLB Dallas’ Board of Directors |
|
|
|
|
What: |
Tour of Affordable housing complex and interviews |
|
|
|
|
When: |
12:20 p.m. to 2:00 p.m., Tuesday, June 25, 2024 |
|
|
|
|
Where: |
5723 Sadler Circle, Dallas, Texas, 75235 |
|
|
|
|
|
Media RSVPs can be made to events@fhlb.com |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240610613506/en/
Contacts
Corporate Communications
Federal Home Loan Bank of Dallas
(214) 441-8445
