Media Advisory: FHLB Dallas and Texas Regional Bank to Celebrate Transformation of Historic Brownsville Hotel into 44-Unit Affordable Housing Community
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6:03 AM on Wednesday, February 25
The Associated Press
BROWNSVILLE, Texas--(BUSINESS WIRE)--Feb 25, 2026--
The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Regional Bank will join the Housing Authority of the City of Brownsville (HACB), the Brownsville Housing Opportunity Corp. (BHOC) and other community partners to celebrate the grand opening of the historic El Jardin as affordable apartments. The event will take place in downtown Brownsville, Texas. A $1.1 million Affordable Housing Program (AHP) grant from FHLB Dallas, through Texas Regional Bank, helped make this transformation possible.
Built in 1927 as a hotel, El Jardin had been vacant since the late 1980s before its latest transformation into a 44-unit affordable housing community. The new development preserves Brownsville, Texas’ architectural heritage while offering modern amenities.
AHP funds are awarded through FHLB Dallas member institutions like Texas Regional Bank and assist FHLB Dallas members in financing the purchase, construction and rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals.
The media is encouraged to attend. There will be opportunities for photos and interviews. For more information about AHP, visit fhlb.com/AHP.
WHAT: | Grand Opening |
| WHEN: | 4:00 p.m. CT, Wednesday, February 25, 2026 |
WHO: | Mayor John F. Cowen Jr., City of Brownsville |
Anna Maria Farías, Texas Department of Housing and Community Affairs | |
State Representative Erin Gamez, D-38, Texas House of Representatives | |
Carla Mancha, HACB | |
Luis Eduardo Garduño, HACB & BHOC | |
Jesse A. Miller, HACB & BHOC | |
Patricio Sampayo, Former HACB Chairman & BHOC President | |
Peter Wycoff, Hunt Capital Partners LLC | |
Bruce Hatton, FHLB Dallas | |
| WHERE: | 1114 E. Levee St. |
Brownsville, Texas 78520 | |
Parking is available on the street. |
View source version on businesswire.com:https://www.businesswire.com/news/home/20260224843214/en/
CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, 214.441.8445
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY URBAN PLANNING BANKING
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2026.
PUB: 02/25/2026 06:03 AM/DISC: 02/25/2026 06:03 AM
http://www.businesswire.com/news/home/20260224843214/en
