***9:00 a.m. Wednesday, August 17, 1601 South Bridge Avenue, Weslaco, TX 78596***
WESLACO, Texas, August 16, 2022--(BUSINESS WIRE)--The site where new affordable apartments will be built in Weslaco, Texas, will get a visit from U.S. Representative Mayra Flores on Wednesday. The apartments are being torn down to make way for the $16.5 million reconstruction of Weslaco Village Apartments. The project was helped by a $750,000 Affordable Housing Program (AHP) subsidy from Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas).
The media is encouraged to attend a celebration of the AHP subsidy and join in a tour of the existing property. Congresswoman Flores, R-TX, will be joined by the organization that received the subsidy – Prospera Housing Community Services, representatives from FHLB Dallas and city officials.
AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. In 2021, FHLB Dallas awarded $18.5 million in subsidies to 26 affordable housing projects to help create or rehabilitate 2,113 housing units. A new round of funding will be awarded in the fall. For more information about AHP, visit fhlb.com/ahp.
Tour of affordable housing site
9:00 a.m. – 10:00 a.m., Wednesday, August 17, 2022
Mayra Flores, U.S. representative, Texas’ 34th District
Gilbert Piette, executive director of Prospera Housing Community Services
Jacque Haas Woodring, chief of staff, Prospera Housing Community Services
Rebeka de la Fuente, planning and code enforcement director, city of Weslaco
Eric Haar, director of Government and Industry Relations, FHLB Dallas
Bruce Hatton, Affordable Housing Program manager, FHLB Dallas
Community room of Weslaco Village Apartments
1601 South Bridge Avenue, Weslaco, TX 78596
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Federal Home Loan Bank of Dallas