San Antonio Family Received $4K Grant to Purchase New Home

SAN ANTONIO, July 27, 2016 /PRNewswire-USNewswire/ — Tired of renting and feeling like they were “throwing away money,” San Antonio couple Brenda Guerrero and Adrian Roman wanted a change.

They were looking into renting a house when Ms. Guerrero’s sister told the couple about the Homebuyer Equity Leverage Partnership (HELP) program. HELP is offered by the Federal Home Loan Bank of Dallas (FHLB Dallas) through member institutions such as Texas Capital Bank to assist income-qualified first-time homebuyers with down payments and closing costs.

A $4,000 HELP grant from FHLB Dallas and Texas Capital Bank was just what the couple and their daughter needed to move out of a government-assisted apartment and into a new home of their own. The grant helped with the down payment and closing costs of the three-bedroom home, built by Habitat for Humanity of San Antonio (HFHSA).

HFHSA Vice President Stephanie Wiese said making affordable housing available to the San Antonio community is at the heart of her organization’s efforts.

“We put in a lot of ‘sweat equity’ into helping local families achieve their dreams of homeownership,” said Ms. Wiese. “Partnering with FHLB Dallas and Texas Capital Bank helps us provide the actual equity would-be homeowners need to get across the finish line.”

The $1 million in 2016 HELP funding, made available in January on a first-come, first-served basis, has been exhausted. More than $448,000 in HELP funds will assist 102 families in Texas in 2016. To date in 2016, Texas Capital Bank has awarded $32,000 in HELP grants to assist eight income-qualified, first-time homebuyers.

Texas Capital Bank Senior Vice President and Director of Community Development Effie Dennison said HELP is a great community investment tool.

“Texas Capital Bank’s commitment to supporting the San Antonio community is strengthened by our partnership with organizations such as FHLB Dallas and Habitat for Humanity,” she said. “By making HELP available to our customers, we are providing great value to not only our customers, but the community as a whole.”

Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas, agrees with Ms. Dennison, adding that the HELP program is valuable in more ways than one.

“HELP gives residents across our District the capital they need to purchase their first homes,” he said. “In partnership with Texas Capital Bank, we are glad to assist local families in this regard.”

Ms. Guerrero said she and her family love their new house and can’t wait to decorate.

“It’s a good feeling to own my own house,” she said. “It’s comfortable, it’s a positive change, and it’s nice to not have to worry about where my money’s going.”

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P SmallCap 600®, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston, and San Antonio.

About Habitat for Humanity of San Antonio

Habitat for Humanity of San Antonio is an ecumenical, Christian organization working in partnership with families in need to build decent and affordable homes without interest or profit.  Habitat families all put in 300 hours of “sweat equity” building their own home and in turn, they purchase their homes with a 0 percent interest, 20-year mortgage. HFHSA was the first U.S. affiliate of Habitat for Humanity and is celebrating its 40th anniversary this year. The organization has built 968 homes.

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 $49.5 billion as of March 31, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit

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Federal Home Loan Bank of Dallas
(214) 441-8445

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SOURCE Federal Home Loan Bank of Dallas

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