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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

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Affordable Apartments Receive $1M Grant from FHLB Dallas and Arvest Bank

Officials Gather for Grand Opening of Arkansas Development for Residents 55 and older

Spavinaw Creek Senior Housing, which was built with the help of a $1 million Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Arvest Bank, celebrated its grand opening today in Gravette, Arkansas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625578771/en/

The Federal Home Loan Bank of Dallas (FHLB Dallas) joined its member institution, Arvest Bank, and other community leaders to cut the ribbon on Spavinaw Creek Senior Housing, a facility made possible in part by a $1 million Affordable Housing Program grant.

The Federal Home Loan Bank of Dallas (FHLB Dallas) joined its member institution, Arvest Bank, and other community leaders to cut the ribbon on Spavinaw Creek Senior Housing, a facility made possible in part by a $1 million Affordable Housing Program grant.

The AHP grant helped pay for the construction of the $7.3 million rental complex for residents ages 55 and older. The one- and two-bedroom apartments are reserved for residents with incomes that are 30 percent to 60 percent of the area’s median income.

“The funding allowed us to buy what was an abandoned former assisted living center, demolish it and build brand new affordable housing for seniors in Gravette,” said Matt Darst, principal with Upward Housing Group. “The AHP grant filling the financing gap for our construction to deliver a fresh, new, energy efficient, affordable housing development that we are all proud of.”

The apartment complex opened in May and is nearly fully occupied, he said.

“Spavinaw Creek Senior Housing addresses an extremely tight affordable housing market in Gravette and provides beautiful new housing that the city’s aging residents can afford,” Arvest Group CRA Director Virgil Miller said. “The support this project received from FHLB Dallas was critical in getting to the finish line.”

The development is near parks and walking trails and includes a clubhouse with a computer center, WiFi access and a book exchange library.

AHP funds assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. The funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.

“We value our relationship with Arvest Bank, which has supported many affordable housing developments over the years in Arkansas using our AHP grants,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. “Our AHP grants have a long history of providing gap funding for affordable housing developments throughout our five-state District.”

In 2024, FHLB Dallas awarded $78.9 million in AHP General Fund grants to 41 affordable housing projects. The grants will help create 3,571 new or rehabilitated housing units. FHLB Dallas will announce 2025 grant awardees this fall. Learn more about the FHLB Dallas Affordable Housing Program.

About Arvest Bank

With more than $26 billion in assets, Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma. Established in 1961, Arvest Bank is committed to meeting the needs of its more than 830,000 retail and business customer households by continually investing in the digital tools and services customers expect. Its extensive network of more than 200 banking locations provides loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing as a part of its growing list of digital services. Arvest is known for its commitment to the communities it serves and to attracting, hiring and retaining a diverse group of talented people. Arvest is an Equal Housing Lender and Member FDIC. To learn more please visit www.arvest.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 $109.9 billion as of March 31, 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.

Contacts

Corporate Communications

Federal Home Loan Bank of Dallas

fhlb.com, (214) 441-8445

 

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