$850K Affordable Housing Program Grant from FHLB Dallas and Comerica Bank Helps Launch New Senior Living Community in Houston, Texas
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affordable housing programregulatory
An affordable housing program is a government or nonprofit plan that helps ensure housing costs are kept low for people with limited income, often through subsidies, tax credits, or price controls. For investors, these programs change demand, supply, and risk for real estate projects—think of them as rules or incentives that can make a building more likely to find steady renters but may also limit how much rent or resale profit can grow.
ahpregulatory
Acute hepatic porphyria (AHP) is a group of rare genetic disorders that disrupt the liver’s ability to make heme, a component of blood, causing sudden severe attacks of abdominal pain, neurological symptoms, and sometimes long-term organ damage. For investors, AHP matters because treatments for rare diseases can command high prices and regulatory attention; a successful drug or trial result can meaningfully change a company’s revenue outlook, much like landing a major contract can reshape a small business’s future.
area median incomeregulatory
Area median income (AMI) is the midpoint household income for a specific metropolitan area or county — half of households earn more and half earn less. Investors use AMI to gauge local housing affordability and eligibility for income-restricted programs and tax incentives; think of it as a local benchmark that helps predict demand for market-rate versus subsidized rental housing, rent-setting, and potential access to development subsidies or favorable financing.
transitional housingregulatory
Transitional housing is short- to medium-term rental accommodation designed to help people move from homelessness or crisis situations into permanent, stable homes; think of it as a bridge that provides a safe place and support services while residents rebuild finances and life skills. For investors, it matters because these properties are often funded or regulated by government programs and nonprofits, which affects rent stability, income predictability, and the social impact and compliance risks tied to the asset.
HOUSTON--(BUSINESS WIRE)--
The Federal Home Loan Bank of Dallas (FHLB Dallas), Comerica Bank and New Hope Housing (NHH) joined community leaders Tuesday to celebrate the grand opening of NHH Ennis, a new affordable housing community for seniors in Houston, Texas. The development, located in the East Downtown (EaDo) neighborhood, was made possible in part by an $850,000 FHLB Dallas Affordable Housing Program (AHP) grant awarded through FHLB Dallas member Comerica Bank.
FHLB Dallas provided an $850,000 Affordable Housing Program grant through Comerica Bank to New Hope Housing to help fund a new affordable housing community for seniors in Houston, Texas. Community leaders gathered to celebrate the development’s grand opening this week.
Located in a neighborhood with easy access to healthcare, services and community resources, NHH Ennis offers 112 one- and two-bedroom apartments for seniors earning between 30 and 60 percent of the area median income (AMI).
“This development is a powerful example of what’s possible when mission-driven organizations and community-minded partners come together,” New Hope Housing President and CEO Joy Horak-Brown said. “We’re grateful for the support of our partners, including FHLB Dallas and Comerica Bank, in helping us provide affordable housing plus services and a true sense of belonging for Houston’s seniors.”
Besides a range of on-site amenities, NHH Ennis also offers residents a range of supportive social service programs, which are integrated into the rent to promote stability and well-being.
“For three decades, our bank’s commitment to affordable housing has helped the communities we serve prosper,” said Comerica Bank’s Senior Vice President and Director of Community Development Banking Beatrice Kelly. “Through our collaborative and inclusive partnership with FHLB Dallas and New Hope Housing, we continue to address the critical need for quality senior housing in Houston. Together, we are building spaces that create pathways to access and opportunity for older adults.”
AHP funds are awarded through FHLB Dallas member institutions and assist FHLB Dallas members in financing the purchase, construction and 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.
“Affordable housing is a cornerstone of strong communities, so we’re honored to help bring NHH Ennis to life,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “The AHP grant for NHH Ennis reflects our dedication to helping seniors live with dignity in supportive communities.”
In 2025, FHLB Dallas awarded $73.5 million in AHP General Fund grants to 53 affordable housing projects in Arkansas, Colorado, Louisiana, Mississippi, New Mexico and Texas. The grants will help create 3,777 new or rehabilitated housing units. Learn more about the FHLB Dallas Affordable Housing Program. The NHH Ennis development received its AHP grant in 2023.
About Comerica
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful. Comerica provides banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 15 states and services 13 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $77.4 billion at Sept. 30, 2025. Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X, Instagram and LinkedIn.
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 $112.2 billion as of September 30, 2025, 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 fhlb.com.
