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CORRECTING and REPLACING Trustmark and FHLB Dallas Award $750K for Affordable Housing
Partners Celebrate Groundbreaking of Multifamily Development for Older Adults JACKSON, Miss.--(BUSINESS WIRE)-- Please replace the release dated November
About this update from Trustmark Corporation
[{"type":"text","content":"\nPartners Celebrate Groundbreaking of Multifamily Development for Older Adults\n\n JACKSON, Miss.--(BUSINESS WIRE)--\nPlease replace the release dated November 4th, 2022 with the following corrected version due to multiple revisions.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221104005447/en/Representatives joined to celebrate the groundbreaking of a new affordable housing development in Jackson, Mississippi, that received a $750,000 subsidy from Trustmark National Bank and the Federal Home Loan Bank of Dallas. (Photo: Business Wire)\nThe updated release reads:\n\nTRUSTMARK AND FHLB DALLAS AWARD $750K FOR AFFORDABLE HOUSING\n\nPartners Celebrate Groundbreaking of Multifamily Development for Older Adults\n\nTrustmark National Bank (Trustmark), the Federal Home Loan Bank of Dallas (FHLB Dallas), Gulf Coast Housing Partnership (GCHP) and others gathered this week to celebrate the groundbreaking of The Pearl, an affordable housing complex and healthcare clinic for older adults in Jackson, Mississippi.\n\nGulf Coast Housing Partnership received a $750,000 Affordable Housing Program (AHP) subsidy from Trustmark and FHLB Dallas to assist with the funding of the $28 million adaptive reuse project. A Holiday Inn built on the 14-acre site in the 1960s will be re-adapted and renovated into 72,000 square feet of affordable housing with an onsite healthcare clinic. The clinic will be open to the public.\n\n“The Pearl is an innovative approach to fulfilling multiple needs for older adults in Jackson, and we are proud to be part of this development,” said John Wise, regional president, Jackson Metro at Trustmark. “We are grateful for the partnership with FHLB Dallas to continue offering affordable housing.”\n\nThe Pearl will have 76 one- and two-bedroom apartments reserved for residents aged 55 or older. The community is designed to facilitate aging in place, including a pool, fitness center and community room. The Pearl will be the first Fitwel-certified building in Mississippi. Fitwel is a healthy building certification system. Healthy elements will include the prominent placement of walkways and stairwells to encourage movement.\n\n“GCHP’s mission to create affordable housing and stronger communities throughout the Gulf Coast is only possible through our partnerships,” said...