Media Advisory: FHLB Dallas and Texas Regional Bank to Celebrate Transformation of Historic Brownsville Hotel into 44-Unit Affordable Housing Community

***4:00 p.m., Wednesday, February 25, 1114 E. Levee St., Brownsville, Texas 78520***

BROWNSVILLE, Texas–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Regional Bank will join the Housing Authority of the City of Brownsville (HACB), the Brownsville Housing Opportunity Corp. (BHOC) and other community partners to celebrate the grand opening of the historic El Jardin as affordable apartments. The event will take place in downtown Brownsville, Texas. A $1.1 million Affordable Housing Program (AHP) grant from FHLB Dallas, through Texas Regional Bank, helped make this transformation possible.

Built in 1927 as a hotel, El Jardin had been vacant since the late 1980s before its latest transformation into a 44-unit affordable housing community. The new development preserves Brownsville, Texas’ architectural heritage while offering modern amenities.

AHP funds are awarded through FHLB Dallas member institutions like Texas Regional Bank and assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.

The media is encouraged to attend. There will be opportunities for photos and interviews. For more information about AHP, visit fhlb.com/AHP.

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, 214.441.8445