FHLBank providing $160,000 for community home in Broken Arrow
The Federal Home Loan Bank of Topeka (FHLBank) has provided a grant of $160,000 to Gatesway Foundation for use toward the construction of a new Community Residential Home in Broken Arrow.
This grant was provided through the FHLBank Topeka – Affordable Housing Program (AHP).
This round of AHP grants provided over $8.9 million worth of grants to assist in the development of affordable housing. This year’s round will assist in the construction and rehabilitation of over 700 affordable housing units across Colorado, Kansas, Oklahoma and Nebraska. Gatesway Foundation was the only Oklahoma recipient in this round of funding.
Gatesway said it is, “excited to receive this generous donation” towards the construction of the home.
“The Foundation firmly believes all Friends (Gatesway’s clients) deserve dignified homes with independent space, providing them with quality care and quality housing,” said a statement from Gatesway. “The home will be energy-efficient, spacious and will include Smart Home technology. “
Gatesway is hosting a groundbreaking ceremony for the new home on the afternoon of Oct. 12.