Federal Home Loan Bank of Dallas and Texas Capital Award $510K for Veterans Housing

WACO, Texas--(BUSINESS WIRE)--Aug 1, 2024--

A $510,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Texas Capital, will help fund a 34-efficiency unit affordable housing development for veterans in Waco, Texas. Congressional and state-elected leaders and local dignitaries gathered last week for a ground-breaking ceremony of the development at the Doris Miller VA Center (VA campus).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240801888456/en/

The AHP grant was awarded to Solutions for Veterans, a Georgia-based nonprofit that develops supportive housing and coordinating services for veterans at select VA medical center campuses around the U.S.

The $10 million Freedom’s Path Waco development will renovate three existing historic structures on the Waco VA campus. It will also include a new multipurpose community building with eight residential units. The development is expected to open in late 2026.

“Texas Capital is proud to be a part of this housing development for veterans with disabilities, veterans who may be homeless or at risk of becoming homeless,” said Worley Barker, director, Community Development Lending and Investments at Texas Capital. “It has been a pleasure to work with the FHLB Dallas on this grant and we look forward to partnering on other initiatives that will make a positive impact across the state.”

AHP grants assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the area median income.

“This affordable housing development is special because it will be built on an existing VA campus with healthcare and social services for veterans right outside their apartment units,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “We are pleased to be a part of it.”

In 2023, FHLB Dallas awarded $28.4 million in AHP General Fund grants to 43 affordable housing projects. The grants will help create 2,677 new or rehabilitated housing units. In 2024, $79.4 million has been allocated for the AHP General Fund and awards will be announced this fall. Learn more about the FHLB Dallas Affordable Housing Program.

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, the parent company of Texas Capital Bank d/b/a Texas Capital, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, building a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital established commercial banking, consumer banking, investment banking and wealth management capabilities. Member FDIC. For more information, please visit www.texascapital.com.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $126.2 billion as of June 30, 2024, 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. Visit fhlb.com for more information.

Left to right: The Honorable Doc Anderson, The Honorable Pete Sessions, Stan Parker, The Honorable Brian Birdwell and Craig Taylor, President, Solutions for Veterans. (Photo: Business Wire)

NEW YORK (AP) — Sean “Diddy" Combs was expected to appear before a federal judge in New York on Tuesday after his indictment on undisclosed criminal charges.

The music mogul was arrested late Monday in Manhattan, roughly six months after federal authorities conducting a sex trafficking investigation raided his luxurious homes in Los Angeles and Miami.

The indictment detailing the charges was expected to be unsealed Tuesday morning, according to U.S. Attorney Damian Williams.

Over the past year, Combs has been sued by people who say he subjected them to physical or sexual abuse. He has denied many of those allegations and his lawyer, Marc Agnifilo, called the new indictment an “unjust prosecution.”

“He is an imperfect person, but he is not a criminal,” Agnifilo said in a statement late Monday.

Combs, 54, was recognized as one of the most influential figures in hip-hop before a flood of allegations that emerged over the past year turned him into an industry pariah.

In November, his former girlfriend, the R&B singer Cassie, whose legal name is Casandra Ventura, filed a lawsuit saying he had beaten and raped her for years. She accused Combs of coercing her, and others, into unwanted sex in drug-fueled settings.

The suit was settled in one day but months later CNN aired hotel security footage showing Combs punching and kicking Cassie and throwing her on a floor. After the video aired, Combs apologized, saying, “I was disgusted when I did it.”

Combs and his attorneys, however, denied similar allegations made by others in a string of lawsuits.

Douglas Wigdor, a lawyer for Cassie, said in a statement Tuesday that “neither Ms. Ventura nor I have any comment.”

“We appreciate your understanding and if that changes, we will certainly let you know,” he added.

A woman said Combs raped her two decades ago when she was 17. A music producer sued, saying Combs forced him to have sex with prostitutes. Another woman, April Lampros, said Combs subjected her to “terrifying sexual encounters,” starting when she was a college student in 1994.

The AP does not typically name people who say they have been sexually abused unless they come forward publicly, as Cassie and Lampros did.

Combs, the founder of Bad Boy Records, has gotten out of legal trouble before.

In 2001, he was acquitted of charges related to a Manhattan nightclub shooting two years earlier that injured three people. His then-protege, Shyne, was convicted of assault and other charges and served about eight years in prison.

This story has been corrected to show that Combs' age is 54, not 58.

Associated Press writer Andrew Dalton in Los Angeles contributed to this report.

FILE - Host Sean "Diddy" Combs presents the revolt black excellence award at the Billboard Music Awards, May 15, 2022, at the MGM Grand Garden Arena in Las Vegas. (AP Photo/Chris Pizzello, File)

Sean 'Diddy' Combs is expected in court after New York indictment

Sean 'Diddy' Combs is expected in court after New York indictment

FILE - Sean "Diddy" Combs arrives at the LA Premiere of "The Four: Battle For Stardom" at the CBS Radford Studio Center on May 30, 2018, in Los Angeles. (Photo by Willy Sanjuan/Invision/AP, File)