Arvest Bank and the Federal Home Loan Bank of Dallas Celebrate $15K Donation to Assist Affordable Housing Nonprofit
June 26 2024 - 7:18PM
Business Wire
The University District Development Corp. (UDDC) received a
$15,000 donation from Arvest Bank today during a ceremonial check
presentation of CARE Award funds that were awarded through the
Federal Home Loan Bank of Dallas (FHLB Dallas).
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The University District Development Corp.
(UDDC) received a $15,000 donation from Arvest Bank today during a
ceremonial check presentation of CARE Award funds that were awarded
through the Federal Home Loan Bank of Dallas (FHLB Dallas). The
event was celebrated at a home that UDDC recently renovated in
Little Rock, Arkansas. (Photo: Business Wire)
FHLB Dallas recognized Arvest Bank earlier this year as a
Community Area Revitalization Efforts (CARE) Award recipient for
its use of FHLB Dallas community investment programs. The
recognition included $15,000 to be donated to the recipient’s
nonprofit of choice.
“We are honored to receive this award from Arvest Bank and FHLB
Dallas and consider it positive recognition for the work we’re
doing in University District neighborhoods to increase the supply
of affordable housing,” said Barrett Allen, executive director of
UDDC.
Arvest was honored for its use of several FHLB Dallas programs,
including the Special Needs Assistance Program, which provides
grants for the repair and rehabilitation for homeowners who are
elderly, disabled or have other special needs; and the Affordable
Housing Program, which provides funds for single-family and
multifamily housing.
“We’ve supported UDDC for many years and are thrilled to be able
to donate our CARE Award to them for the impactful work they are
doing to provide affordable housing in the University District
neighborhoods,” said Arvest Group CRA Director Virgil Miller.
Experience the full story behind Arvest’s CARE Award in this
video.
“Arvest Bank doesn’t just tap into one or two FHLB Dallas
community programs,” said Greg Hettrick, senior vice president and
director of Community Investment at FHLB Dallas. “It uses most of
our community programs and as a result has a positive impact on
many lives.”
About Arvest Bank
With more than $26 billion in assets, Arvest Bank is a
community-based financial institution serving more than 110
communities in Arkansas, Kansas, Missouri and Oklahoma. Established
in 1961, Arvest Bank is committed to meeting the needs of its more
than 830,000 retail and business customer households by continually
investing in the digital tools and services customers expect. Its
extensive network of more than 200 banking locations provides
loans, deposits, treasury management, credit cards, mortgage loans
and mortgage servicing as a part of its growing list of digital
services. Arvest is known for its commitment to the communities it
serves and to attracting, hiring and retaining a diverse group of
talented people. Arvest is an Equal Housing Lender and Member FDIC.
To learn more please visit www.arvest.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 $125.1 billion as of March 31, 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. For more information, visit our website at fhlb.com.
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Corporate Communications Federal Home Loan Bank of Dallas
fhlb.com, 214.441.8445