{"id":50509,"date":"2022-11-04T16:02:21","date_gmt":"2022-11-04T15:02:21","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/trustmark-and-fhlb-dallas-award-750k-for-affordable-housing\/"},"modified":"2022-11-04T16:02:21","modified_gmt":"2022-11-04T15:02:21","slug":"trustmark-and-fhlb-dallas-award-750k-for-affordable-housing","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/trustmark-and-fhlb-dallas-award-750k-for-affordable-housing\/","title":{"rendered":"Trustmark and FHLB Dallas Award $750K for Affordable Housing"},"content":{"rendered":"
\n

\nPartners Celebrate Groundbreaking of Multifamily Development for Older Adults<\/i>\n<\/p>\n

JACKSON, Miss.–(BUSINESS WIRE)–Trustmark National Bank (Trustmark), the Federal Home Loan Bank of Dallas (FHLB Dallas), Gulf Coast Housing Partnership (GCHP) and others gathered this week to celebrate the groundbreaking of The Pearl, an affordable housing complex and healthcare clinic for older adults in Jackson, Mississippi.\n<\/p>\n

<\/a>
<\/a><\/p>\n

\nGulf Coast Housing Partnership received a $750,000 Affordable Housing Program (AHP) subsidy from Trustmark and FHLB Dallas to assist with the funding of the $28 million adaptive reuse project. A Holiday Inn built on the 14-acre site in the 1960s will be re-adapted and renovated into 72,000 square feet of affordable housing with an onsite healthcare clinic. The clinic will be open to the public.\n<\/p>\n

\n\u201cThe Pearl is an innovative approach to fulfilling multiple needs for older adults in Jackson, and we are proud to be part of this development,\u201d said Jaime Sisson, vice president of fair and responsible banking at Trustmark. \u201cWe are grateful for the partnership with FHLB Dallas to continue offering affordable housing.\u201d\n<\/p>\n

\nThe Pearl will have 76 one- and two-bedroom apartments reserved for residents aged 55 or older. The community is designed to facilitate aging in place, including a pool, fitness center and community room. The Pearl will be the first Fitwel-certified building in Mississippi. Fitwel is a healthy building certification system. Healthy elements will include the prominent placement of walkways and stairwells to encourage movement.\n<\/p>\n

\n\u201cGCHP\u2019s mission to create affordable housing and stronger communities throughout the Gulf Coast is only possible through our partnerships,\u201d said GCHP President and CEO Kathy Laborde. \u201cTogether we will be able to transform this property and will improve the health outcomes for the residents of The Pearl and the surrounding community.\u201d\n<\/p>\n

\nAHP 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. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.\n<\/p>\n

\nIn 2021, FHLB Dallas awarded $18.5 million in subsidies to 26 affordable housing projects to help create or rehabilitate 2,113 housing units, including $2.45 million for 234 units in Mississippi. A new round of funding will be awarded in the fall.\n<\/p>\n

\nGreg Hettrick, first vice president and director of Community Investment at FHLB Dallas, said the project might be a good window into the future of innovative affordable housing.\n<\/p>\n

\n\u201cSeniors need affordable housing with critical services like accessible healthcare,\u201d he said. \u201cWe\u2019re grateful for Trustmark\u2019s commitment to this development and bringing us alongside to maximize funding.\u201d\n<\/p>\n

\nFor more information about the AHP, visit fhlb.com\/ahp<\/i><\/b><\/a>.\n<\/p>\n

\nAbout Trustmark
\n
<\/b>Trustmark National Bank is a subsidiary of Trustmark Corporation (Nasdaq:TRMK), a diversified financial services company headquartered in Jackson, Mississippi, with 193 locations in Alabama, Florida, Mississippi, Tennessee and Texas. Visit trustmark.com for more information.\n<\/p>\n

\nAbout the Federal Home Loan Bank of Dallas <\/b>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 $77.7 billion as of June 30, 2022, 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. For more information, visit our website at fhlb.com<\/i><\/b><\/a>.\n<\/p>\n

Contacts<\/b> <\/p>\n

\nCorporate Communications
\n
Federal Home Loan Bank of Dallas
\n
fhlb.com<\/i><\/b><\/a>
(214) 441-8445\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Partners Celebrate Groundbreaking of Multifamily Development for Older Adults JACKSON, Miss.–(BUSINESS WIRE)–Trustmark National Bank (Trustmark), the Federal Home Loan Bank of Dallas (FHLB Dallas), Gulf Coast Housing Partnership (GCHP) and others gathered this week to celebrate the groundbreaking of The Pearl, an affordable housing complex and healthcare clinic for older adults in Jackson, Mississippi. Gulf … [Read more…]<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["entry","post","publish","author-business","post-50509","format-standard","category-industry"],"yoast_head":"\nTrustmark and FHLB Dallas Award $750K for Affordable Housing - Pharma Trend<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pharma-trend.com\/en\/trustmark-and-fhlb-dallas-award-750k-for-affordable-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trustmark and FHLB Dallas Award $750K for Affordable Housing - Pharma Trend\" \/>\n<meta property=\"og:description\" content=\"Partners Celebrate Groundbreaking of Multifamily Development for Older Adults JACKSON, Miss.–(BUSINESS WIRE)–Trustmark National Bank (Trustmark), the Federal Home Loan Bank of Dallas (FHLB Dallas), Gulf Coast Housing Partnership (GCHP) and others gathered this week to celebrate the groundbreaking of The Pearl, an affordable housing complex and healthcare clinic for older adults in Jackson, Mississippi. 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