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  • January 01 2023
  • Texas

AHP Funds Revitalize Fort Worth Historic District

Stop Six, a historic neighborhood in Fort Worth that has suffered from economic and social challenges, has a new lease on life with multifamily housing dedicated to its residents who are over age 62.

Fort Worth Mayor Pro Tem Gyna Bivens grew up in the neighborhood, which the city has been working to revitalize for several years with affordable housing and amenities that include recreation, educational, health and safety services.

“You shouldn’t have to move away to have a nice place to live,” Ms. Bivens said during the grand opening of Cowan Place Senior Living.

Now older residents in Stop Six have a nice place to live dedicated to an aging population.

The 174-unit affordable housing development known as Cowan Place Senior Living was completed with the assistance of a $750,000 Affordable Housing Program (AHP) grant. The funds, like all FHLB Dallas programs, were disbursed through an FHLB member, in this case, Texas Capital Bank.

“We could not have finished this project without the money provided by the Federal Home Loan Bank of Dallas and Texas Capital as a partner. It was critical for us to get over the finish line,” said Mary-Margaret Lemons, Fort Worth Housing Solutions president.

FHLB Dallas awards AHP grants through its member financial institutions to benefit very low- to moderate-income households across the five-state region FHLB Dallas serves.

Learn more about AHP.

Do you have a success story using FHLB Dallas programs? We would love to hear from you! Submit your story here.

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