New Residential Community in Austin, Texas, Celebrates Grand Opening with $1.75M Affordable Housing Program (AHP) Grant from FHLB Dallas and Wells Fargo

AUSTIN, Texas--(BUSINESS WIRE)--Foundation Communities celebrated the grand opening of Juniper Creek, a new 110-unit family supportive housing development, made possible in part by a $1.75 million Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded in 2025 through member Wells Fargo.

Juniper Creek builds on Foundation Communities’ model of offering affordable housing enriched with high-impact services for families and individuals with specialized needs, limited incomes and housing instability. The community features three residential apartment buildings with amenities that include playgrounds, a dog park, community garden, outdoor fitness area and shared gathering spaces.

“The AHP grant played an important role in Juniper Creek,” said Foundation Communities Executive Director Walter Moreau. “We are grateful to FHLB Dallas and Wells Fargo for their continued investment in affordable housing through the years.”

Foundation Communities also received a $750,000 AHP grant from FHLB Dallas, supported by Wells Fargo, for their adjacent development, Laurel Creek, in 2021.

“Wells Fargo is grateful to collaborate with FHLB Dallas and Foundation Communities to build Juniper Creek,” said Christopher Rios, a Wells Fargo regional vice president. “We’ve worked with Foundation Communities for many years, as a construction lender, a housing tax credits investor and as a conduit for AHP grants and we are excited to further our longstanding relationship.”

AHP grants are awarded annually through FHLB Dallas member institutions to support the development and rehabilitation of affordable housing for low-income households.

“Foundation Communities has demonstrated exceptional success in leveraging AHP funding to create high-quality, supportive housing that strengthens communities, and its long-standing relationship with our member Wells Fargo has facilitated this success,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

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 $112.2 billion as of September 30, 2025, 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.