Catholic Charities Housing Receives $750K for Sunray Lobo Canyon
Summary
In addition, several units will be renovated to be compliant with the Americans with Disabilities Act to better serve residents with special needs. “Both apartment complexes have aged around 40 years and their conditions have deteriorated,” said Adam Saber, executive vice president and chief operations officer of CC Housing. “We are grateful for the AHP subsidy, which provides much-needed funding for this extensive project.” Total cost of the rehab is $17.9 million. “Thanks to this project, dozens of families are going to have a place to live that they will be proud to call home,” said Patricia Nie, vice president of Community Relations at Wells Fargo Bank in New Mexico. FHLB Dallas, with total assets of $64.9 billion as of December 31, 2020, 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.