202422 Feb

Heirs’ Property Grant of $75K Awarded by Federal Home Loan Bank of Dallas and Broadway Bank

Summary

View the full release here: https://www.businesswire.com/news/home/20240222651286/en/These funds are a much-needed resource for our Latino homeowners to ensure their family inherits the wealth they have worked so hard to build, said Fernando Godinez, president and CEO of MAUC.The MAUC Homestead Preservation Center will utilize the funds to assist homeowners who want to maintain ownership of their homes. By providing resources that help homeowners clear title to their homes, lower their property taxes and navigate the challenges of these forces, the center helps to ensure that long-time residents can continue to thrive in their neighborhoods.The funds are part of $905,200 in Heirs Property Program grants that FHLB Dallas awarded through members in 2023. These funds can help families break the cycle of generational poverty and improve their financial position, said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.For more information about the Heirs Property Program, visit fhlb.com/heirs.Headquartered in San Antonio, Broadway Bank is one of the largest privately owned banks in Texas, with more than $5 billion in assets and $3 billion in wealth management assets. It is privately-owned and offers a full range of financial services, including personal, business, commercial, wealth management and private banking. FHLB Dallas, with total assets of $147.6 billion as of September 30, 2023, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas.

Source: Morningstar

Funding

$75K
Amount
Feb 22 2024
Date
-
Investor
Mexican American Unity Council
Company

Classifications

Companies