FHLB Dallas and Texas Regional Bank Partner to Deliver Critical Funding

The Federal Home Loan Bank of Dallas (FHLB Dallas), Texas Regional Bank and the Housing Authority of the City of Brownsville (HACB) joined community leaders to celebrate the groundbreaking of Buena Vida Supportive Housing, soon to be known as Hope Place. This 50-unit affordable housing development is being made possible in part by a $1.75 million Affordable Housing Program (AHP) grant from FHLB Dallas, disbursed through its member, Texas Regional Bank.

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AHP General Fund Manager Steven Matkovich (far right) and Carla Mancha (center), CEO of the Housing Authority of the City of Brownsville and FHLB Dallas Affordable Housing Advisory Council member, attend the groundbreaking of a housing project for domestic violence survivors in Brownsville, Texas’ historic Buena Vida neighborhood.

Located in Brownsville, Texas’ historic Buena Vida neighborhood, the $19.5 million development will serve survivors of domestic violence, dating violence and assault. All units will be reserved for special-needs households and will provide long-term housing paired with services and support to help residents recover and rebuild their lives.

“Buena Vida Supportive Housing is a transformative investment in our community’s future,” HACB’s CEO Carla Mancha said. “This project will not only provide safe, affordable homes, but also empower survivors with the support and resources they need to rebuild their lives. We are deeply grateful to FHLB Dallas and Texas Regional Bank for their partnership and commitment to Brownsville.”

AHP funds are awarded through FHLB Dallas member institutions like Texas Regional Bank and assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.

“At Texas Regional Bank, we believe that safe, stable housing is the foundation for rebuilding lives,” Chairman Michael Scaief said. “We’re proud to support the Buena Vida Supportive Housing project, which will provide not only affordable homes but also critical services for women recovering from trauma. It’s an honor to partner with organizations that are making such a meaningful impact in Brownsville.”

Buena Vida Supportive Housing will feature a three-story building with secured entries, gated parking, 24-hour surveillance and indoor/outdoor family spaces. Residents will also benefit from on-site financial literacy programs, youth enrichment activities and support services provided by Friendship of Women Inc.

“We are committed to working hand-in-hand with our members and community partners to address the ongoing challenge of affordable housing,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “Projects like Buena Vida Supportive Housing are especially meaningful because they not only provide safe, stable homes, but also offer a path to healing and empowerment.”

Learn more about the FHLB Dallas Affordable Housing Program.

About Texas Regional Bank

Established in 2010 and based out of Harlingen, Texas, TRB is a privately owned, full-service, financial institution founded to bring to market a locally owned bank that serves surrounding communities through relationships not transactions. TRB is proud to offer an unparalleled customer experience while providing exceptional financial products, including core banking, capital markets, trust and wealth management, mortgage, international banking, insurance, foreign exchange and economic development services, with over 30 banking centers across the Rio Grande Valley, Texas Hill Country, Houston and DFW Metroplex. For more information about Texas Regional Bank, visit trb.bank.

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 $116.1 billion as of June 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.

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