Funds Will Be Used to Protect Vulnerable Communities from Displacement
The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Woodforest National Bank®, awarded a $100,000 Heirs’ Property Program grant to the Mexican American Unity Council (MAUC) in San Antonio, Texas. The funds will be used to ensure vulnerable communities are protected from displacement.
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Left to right: Daniel Galindo-Woodforest National Bank, Crystal Requejo, Adele Gonzalez and Fernando Godinez-MAUC, Greg Hettrick-FHLB Dallas, Jesus Cisneros-Woodforest National Bank and Bruce Hatton-FHLB Dallas. (Photo: Business Wire)
“By working together, we aim to make a lasting impact and improve the lives of those who call San Antonio their home,” said Crystal Requejo, COO Programs & Development at MAUC. “These funds offer essential support, helping homeowners safeguard their family homes and create generational wealth.”
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.
“The heirs’ property issue is harsh reality for many across the U.S. especially in communities with a lack of affordable housing, like San Antonio. Not having a clear title may create challenges to sell, pass down property to heirs, qualify for loans or government assistance, or obtain a homestead exemption. We applaud FHLB Dallas for being a leader in addressing this issue head on. We encourage others to join them to support this property preservation initiative,” said Doug Schaeffer, Board Chairman, National Association of Affordable Housing Lenders, and Executive Vice President, Executive Director, CRA, Woodforest National Bank.
Daniel Galindo, Senior Vice President, Director of Community Development and Strategic Initiatives, Woodforest National Bank, added, “This collaboration with the Mexican American Unity Council (MAUC) and Federal Home Loan Bank addresses critical heirs’ property issues affecting generational wealth and family stability across San Antonio, particularly the Westside. MAUC's commitment to preserving generational wealth, education, and advocacy is well-aligned with our commitment to support families and individuals across our 17-state footprint."
In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in our five-state region. 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 and business owners realize the full value of home and property ownership that may help improve the financial condition of current and future generations,” said Greg Hettrick, Senior Vice President and Director of Community Investment at FHLB Dallas. “This, combined with the resources MAUC offers, can give Texas families a strong future.”
Learn more about the FHLB Dallas Heirs’ Property Program.
About Woodforest National Bank
Celebrating 45 years of community banking service, Woodforest National Bank has successfully stood among the strongest community banks in the nation, proudly offering outstanding customer service since 1980. Woodforest currently operates nearly 740 branches in 17 states across the United States and is an Outstanding CRA rated institution. For more information about Woodforest National Bank, please visit woodforest.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 $129.4 billion as of September 30, 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.
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Contacts
Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445
