Houston, December 12, 2025
In Houston’s Third Ward, a new affordable housing project for seniors, the WALIPP Senior Residences, has begun construction with a $750,000 grant from FHLB Dallas. The $29.3 million development will provide 102 affordable units for individuals aged 55 and older, along with essential supportive services. Funded through a collaboration between WALIPP and Volunteers of America, the project aims to enhance the quality of life for its residents.
Houston, Texas, Senior Housing Development Breaks Ground with Support of $750K FHLB Dallas Grant
Houston, Texas – A new affordable housing project for seniors has commenced in Houston’s Third Ward, backed by a $750,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through Frost Bank. The $29.3 million development, known as the WALIPP Senior Residences, is a collaboration between the William A. Lawson Institute for Peace and Prosperity (WALIPP), Volunteers of America National Services (VOANS), and Volunteers of America Texas (VOA Texas). The project aims to provide 102 affordable housing units for residents aged 55 and older, offering supportive services such as a food pantry, health services, meal programs, and educational opportunities.
Project Details
- Location: Houston’s Third Ward
- Development Cost: $29.3 million
- Number of Units: 102 affordable housing units
- Target Residents: Individuals aged 55 and older
- Supportive Services: Food pantry, health services, meal programs, educational opportunities
Funding and Partnerships
The $750,000 AHP grant from FHLB Dallas, facilitated through Frost Bank, is a significant contribution to the project’s funding. FHLB Dallas has a history of supporting affordable housing initiatives in the region, having awarded $73.5 million in AHP General Fund grants in 2025 to 53 projects across multiple states, including Texas. These grants are designed to assist in financing the purchase, construction, and rehabilitation of housing for low- and moderate-income households. The WALIPP Senior Residences project exemplifies FHLB Dallas’s commitment to strengthening communities through strategic investments in housing and economic development.
About the Partners
The William A. Lawson Institute for Peace and Prosperity (WALIPP) is dedicated to promoting peace and prosperity in underserved communities. Volunteers of America National Services (VOANS) is a national nonprofit organization providing affordable housing and supportive services to vulnerable individuals. Volunteers of America Texas (VOA Texas) is the Texas affiliate of VOANS, serving communities across the state with a focus on affordable housing and community development.
Background on FHLB Dallas
The Federal Home Loan Bank of Dallas (FHLB Dallas) is one of 11 district banks in the FHLBank System, created by Congress in 1932. With total assets of $112.2 billion as of September 30, 2025, FHLB Dallas 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. FHLB Dallas’s Affordable Housing Program (AHP) is a key initiative that returns 10 percent of its profits annually to support affordable housing projects in its district, reflecting its commitment to enhancing living conditions for those in need.
Frequently Asked Questions (FAQ)
What is the WALIPP Senior Residences project?
The WALIPP Senior Residences is a $29.3 million affordable housing development in Houston’s Third Ward, providing 102 units for residents aged 55 and older, along with supportive services such as a food pantry, health services, meal programs, and educational opportunities.
Who are the partners involved in this project?
The project is a collaboration between the William A. Lawson Institute for Peace and Prosperity (WALIPP), Volunteers of America National Services (VOANS), and Volunteers of America Texas (VOA Texas).
How is the project funded?
The project received a $750,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through Frost Bank. FHLB Dallas has a history of supporting affordable housing initiatives in the region, having awarded $73.5 million in AHP General Fund grants in 2025 to 53 projects across multiple states, including Texas.
What is the role of FHLB Dallas in this project?
FHLB Dallas provided the $750,000 AHP grant through its member institution, Frost Bank, to support the construction of the WALIPP Senior Residences. FHLB Dallas 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.
What is the Affordable Housing Program (AHP) by FHLB Dallas?
The Affordable Housing Program (AHP) is an initiative by FHLB Dallas that returns 10 percent of its profits annually to support affordable housing projects in its district, reflecting its commitment to enhancing living conditions for those in need. In 2025, FHLB Dallas awarded $73.5 million in AHP General Fund grants to 53 projects across multiple states, including Texas.
What other projects has FHLB Dallas supported in Texas?
FHLB Dallas has supported various affordable housing projects in Texas, including the New Hope Housing Avenue J in Houston, which received a $750,000 AHP grant in 2020, and the Weslaco Village Apartments in Weslaco, which received a $750,000 AHP grant in 2024.
| Feature | Details |
|---|---|
| Location | Houston’s Third Ward |
| Development Cost | $29.3 million |
| Number of Units | 102 affordable housing units |
| Target Residents | Individuals aged 55 and older |
| Supportive Services | Food pantry, health services, meal programs, educational opportunities |
| AHP Grant | $750,000 from FHLB Dallas via Frost Bank |
Deeper Dive: News & Info About This Topic
HERE Resources
Sun Equipment Expands Used Construction Equipment Division in Houston
UT Austin Plans New Multipurpose Arena and Housing Facilities
What Are the Top 5 Trends in Houston Home Building for 2024?
ENT & Allergy Associates Expands to Texas with New Partnership
New Affordable Housing Development for Seniors in Houston
Dallas-Fort Worth Rises to Become 2026’s Top Real Estate Market
UTEP Secures Funding for New Student Housing Complex
UT Austin Addresses Rising Student Debt Concerns
Empowering Houston: Volunteer Opportunities Await
Evaluating Houston’s Real Estate Market: A Crucial Guide for First-Time Buyers
Author: STAFF HERE HOUSTON TX WRITER
The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
