Two Organizations Receive Nearly $1.3M to Renovate Homes and Build Apartments

ALEXANDRIA, La.--(BUSINESS WIRE)--Red River Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $495,000 Affordable Housing Program (AHP) subsidy to GAEDA Revitalization Corp. (GRC) and $750,000 to Gulf Coast Housing Partnership (GCHP). GRC plans to rehabilitate 50 homes owned by low-income seniors living in the Rapides Parish of Alexandria, Louisiana. About $10,000 per homeowner will be spent on repairs. Willie Spears, GRC executive director, said the AHP subsidy will he