Grant from Planters Bank & Trust and FHLB Dallas Creates 42 Homes in Rural Mississippi
Thanks to a $224,000 Affordable Housing Program (AHP) grant from Planters Bank & Trust and FHLB Dallas, a 42-unit apartment community in Greenville, MS is now open. The grant was awarded to the Greater Greenville Housing and Revitalization Association for the construction of the apartment community. The grant provided gap financing for the affordable housing development. The apartment complex, The Reserves of Gray Park, is Greenville's lagest single-unit housing development in over 30 years and serves individuals and families at or below 80% average median income, with 62.5% of the units reserved for very-low income residents. "At Planters Bank & Trust, we are driven in part by a deep commitment to the communities we serve and are proud to utilize the AHP to benefit these communities" said Vice President Parker England.