Federal Housing Finance Agency Director Sandra Thompson will join officials from the Federal Home Loan Bank of Dallas (FHLB Dallas) to tour Oak Lawn Place, a new affordable housing development serving the aging LGBTQIA+ population in Dallas, on June 25, according to a release. FHLB Dallas President and CEO Sanjay Bhasin will also be part of the tour.

FHLB Dallas, through member Veritex Bank, awarded the project a $750,000 Affordable Housing Program (AHP) grant. Oak Lawn Place, which opens in July, will provide 84 units of high-quality, affordable rental housing for adults who are 55 years old or older in an environment that includes support for the LGBTQIA+ community, the release stated.

The apartments serve residents who earn 30 percent to 60 percent of the area median income (AMI) with 50 percent of units set aside for households earning below 50 percent of the AMI.