Federal Home Loan Bank of Dallas and Texas Capital Bank Award $100K Grant to Help Families Preserve Homeownership

HOUSTON--(BUSINESS WIRE)-- The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Texas Capital Bank awarded a $100,000 Heirs’ Property Program grant to the Local Initiatives Support Corporation Houston (LISC Houston) in Houston, Texas, in a ceremonial check presentation today. Funds will be used to expand and preserve homeownership in Harris County and to address tangled titles through targeted remediation.

Front row, left to right: Yvonne Dotie, Rushya Tchocakova and Clare Boulet of LISC, Laura Jaramillo, Executive Director, LISC, Shariesa Smith, Texas Capital Bank, Ellary Mach, LISC, Christina Cornelius, Fifth Ward Community Development Corporation and Carolyn Andraos, LISC. Back row, left to right: Rickie Bradshaw, LISC, Worley Barker, Texas Capital Bank, Bruce Hatton, FHLB Dallas, David Lopez, Texas Capital Bank, Sara Fox and Jason Grant of LISC.

“LISC Houston is greatly appreciative of the support of FHLB Dallas and Texas Capital to advance our efforts to ensure Houston residents are able to access stable homeownership opportunities,” said LISC Houston Executive Director Laura Jaramillo.

Heirs’ property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes.

“These funds are critical to help homeowners safeguard their family homes and create generational wealth,” said Worley Barker, community development lending officer at Texas Capital Bank.

In 2024, FHLB Dallas and 20 participating members awarded $2 million in Heirs’ Property Program grants to 33 organizations in its five-state District. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs’ issues.

“The Heirs’ Property Program helps families improve the financial condition of current and future generations,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “It gives Texas families a strong future.”

Learn more about the FHLB Dallas Heirs’ Property Program.

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, the parent company of Texas Capital Bank d/b/a Texas Capital, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, building a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital established commercial banking, consumer banking, investment banking and wealth management capabilities. For more information, please visit www.texascapital.com.

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 $127.7 billion as of December 31, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.

About LISC

LISC is one of the country’s largest community development organizations, helping forge resilient and inclusive communities of opportunity across America–great places to live, work, visit, do business and raise families. For 35 years, LISC has invested more than $592 million in Houston communities, leveraging an additional $1.5 billion. This investment has created more than 11,000 affordable homes and apartments and 1.2 million square feet of commercial, community and educational space, as well as helped thousands of people improve their financial health and strengthen their neighborhoods. For more information, visit www.lisc.org/houston.

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Corporate Communications

Federal Home Loan Bank of Dallas

fhlb.com, (214) 441-8445

Source: Federal Home Loan Bank of Dallas

FAQ

What is the value of the Heirs' Property Program grant awarded by FHLB Dallas and Texas Capital Bank?

The grant awarded to LISC Houston is $100,000.

How many titles is FHLB Dallas's 2024 Heirs' Property Program expected to clear?

The program is expected to clear approximately 560 titles across its five-state District.

How many people will receive training through FHLB Dallas's 2024 Heirs' Property Program?

The program will assist more than 5,670 people with training and education regarding heirs' property issues.

What is the total amount allocated by FHLB Dallas for the 2024 Heirs' Property Program?

FHLB Dallas allocated $2 million in Heirs' Property Program grants for 2024.