Renewal Ranch to Celebrate $750K Subsidy at Check Presentation

***11:00 a.m. Tuesday, February 22; 126 East Oak Street, Conway, Arkansas***

BancorpSouth Bank, a division of Cadence Bank, and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded $750,000 in Affordable Housing Program (AHP) funds to construct a 42-unit facility that serves men 21 and up, who are recovering from substance abuse.

The funds were awarded to Renewal Ranch, a faith-based residential addiction recovery program for men located on 116 acres near Conway, Arkansas.

The media is encouraged to join organization and bank representatives for the check presentation at 11:00 a.m. Tuesday, February 22, 2022, at BancorpSouth Bank, 126 East Oak Street in Conway, Arkansas.

AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing, and housing for homeless individuals. In 2021, FHLB Dallas awarded $18.5 million in subsidies to 26 affordable housing projects to help create or rehabilitate 2,113 housing units. For more information about AHP, visit fhlb.com/ahp.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220218005525/en/

Renewal Ranch will be joined by BancorpSouth Bank and @fhlbdallas to celebrate a $750K AHP subsidy at a check presentation in Conway, Arkansas.