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Prospera Housing Community Services Receives $750K Subsidy to Repair Damages Caused by Hurricane Harvey
December 11, 2020 GMT
VICTORIA, Texas (BUSINESS WIRE) Dec 11, 2020
Texas Capital Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Housing and Community Services, Inc. dba Prospera Housing Community Services (PHCS) to help offset costs of repairs from damage caused by Hurricane Harvey in 2017 to Fox Run Apartments.
In late August 2017, Hurricane Harvey struck the Houston area. Fox Run Apartments, a 150-unit affordable housing complex in Victoria, Texas, suffered more than $14 million in damages resulting in 14 buildings and more than 50 units deemed uninhabitable due to water penetration. Fox Run’s residents – families and individuals who earn less than $34,400 a year – were moved offsite to safer tem