Horizon Bank is pleased to announce the Federal Home Loan Bank of Dallas (FHLB) has approved major Affordable Housing Program assistance to the Guadalupe Neighborhood Development Corporation (GNDC) Escuela Nueva project in the amount of $2,000,000. Horizon Bank sponsors the grant application for this project, local to the Austin market.
“GNDC is an important partner in Austin, and we are proud to see their growth and success in helping our community to find housing solutions,” said James Dyess, Chief Executive Officer of Horizon Bank.
Guadalupe Neighborhood Development Corporation is one of the annual recipients of the FHLB’s Affordable Housing Program grants for 2024, a program supporting development and housing availability to households at or below 80 percent of area median income.
The Escuela Nueva project is a 501(c)(3) campus currently serving as a preschool, which will be expanded to serve more children, as well as 114 units of affordable housing for families and senior on site. More information can be found at https://www.guadalupendc.org/escuelanueva
About Horizon Bank
Horizon Bank is a community bank headquartered in Central Texas with $2.4 Billion in assets, making it one of the largest independently held financial institutions in the region. Horizon prides itself on creating lifelong customer relationships and business partnerships in its communities. For more information, visit our website at www.horizon.bank
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Contacts
Horizon Bank
Lauren Harris, Senior Vice President - Marketing
(512) 457-5453
Lauren.harris@horizon.bank
