WAVELAND, Miss., Aug. 16, 2010 (GLOBE NEWSWIRE) -- On Tuesday, August 17, 2010, Bay Waveland Housing Authority, Flagship United Community Development Corporation (FUCDC), and Centerpointe Regional Housing Development, LLC. (Centerpointe) will host a ribbon cutting for the grand opening of the Oak Haven Apartments, an 80-unit rental housing development that will provide very low-income seniors with an affordable place to live.
The project received a $500,000 Affordable Housing Program (AHP) grant from Hancock Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The approximately $15 million project also received $7 million in disaster recovery program funds through the Mississippi Development Authority and the U.S. Department of Housing and Urban Development.
The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013
| WHEN: | 11:00 a.m. on Tuesday, August 17, 2010 |
| WHO: | Tommy Longo, Mayor, City of Waveland |
| Lee Youngblood, Communications Director, Mississippi Development Authority | |
| Karen Ladner, Executive Director, Flagship United Community Development Corporation | |
| Holly Knight, Jackson HUB Director, U.S. Department of HUD | |
| Greg Hettrick, VP, Director of Community Investment, FHLB Dallas | |
| Sam Sandoz, Commercial Relationship Manager, Hancock Bank | |
| Michael Bowen, Project Manager, Centerpointe Regional Housing Development, LLC | |
| William Yates, President, W.G. Yates and Sons Construction Company | |
| WHERE: | Oak Haven Apartments |
| 1200 Russell Drive | |
| Waveland, Mississippi |