Congressman Kevin Brady Joins FHLB Dallas, Frost Bank for Tour of Adult & Teen Challenge of Texas

10:00 a.m. Monday at 30310 Misty Meadows Drive, Magnolia

Congressman Kevin Brady, R-TX, will join representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Frost Bank for a tour of substance abuse recovery center, Adult & Teen Challenge of Texas in Magnolia, Texas. Frost Bank and FHLB Dallas awarded the organization $750,000 in Affordable Housing Program (AHP) funds to convert an office and warehouse building into housing for patients.

The tour will begin at 10:00 a.m. on Monday, August 12, at the Adult & Teen Challenge of Texas Men's Campus, 30310 Misty Meadows Drive in Magnolia. The media is encouraged to attend.

The AHP assists FHLB Dallas member institutions like Frost Bank in financing the purchase, construction and/or rehabilitation of homes, benefiting households with incomes at or below 80 percent of the area's median income. In 2018, FHLB Dallas awarded $14 million in grants to 29 affordable housing projects that helped create or rehabilitate 1,853 housing units.

For more information about the AHP, visit fhlb.com/ahp.

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