Representatives from BankPlus and the Federal Home Loan Bank of Dallas with city leaders and elected officials announced this morning the start of a project that will rehabilitate 45 homes. BankPlus and FHLB Dallas awarded the Canton Housing Authority a $495,000 Affordable Housing Program grant in 2012 to provide repairs to the homes of very low- to low-income residents, many of whom are elderly or disabled.
Due to conflicting events, I was unable to attend the announcement, featuring a number of residents who will benefit from the project. At the event were Mayor William Truly, Democratic Sen. Kenny Wayne Jones, Democratic Rep. Edward Blackmon Jr., Canton Housing Authority executive director Stanford H. Beasley, BankPlus’ first VP and Director of Affordable Housing Mark Ouellette, FHLB Dallas Senior Affordable Housing Analyst Marko Loya and Michael Lambert, Government & Industry liaison for FHLB Dallas.
This looks like an effort on Truly’s part in his re-election bid, as he has told me about this program a little while ago. (Municipal election primary is May 7 and general election is June 4.) Either way, 45 residents will have nicer looking homes that will surely help property values in their neighborhoods.