updated 1/10/2011 5:47:50 PM ET 2011-01-10T22:47:50

DALLAS, Jan. 10, 2011 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce the appointment of Andre Stephens and Walter Moreau as new members of the Bank's 2011 Advisory Council. Mark Allison and Cassie Hicks were reappointed to the council. 

The Advisory Council is comprised of 14 representatives from state, community, and nonprofit organizations who advise the Bank's Board of Directors on affordable housing and economic development issues. The appointed terms began January 1, 2011.

Newly Appointed Members

  • Mr. Andre Stephens is the executive director of St. Francis Community Development Corporation in Forrest City, Arkansas. Mr. Stephens has more than 20 years of experience in rural development, utilizing both public and private sector funding mechanisms for various projects. He has served on the regional loan committee for the Enterprise Corporation of the Delta, and served as a board member for the National Congress for Community Economic Development and the Southern Rural Development Initiative. Mr. Stephens currently serves as a member of the Arkansas State Taskforce for Poverty Elimination. He was appointed to a three-year term on the Bank's Advisory Council.
  • Mr. Walter Moreau is the executive director of the Foundation Communities in Austin, Texas, and oversees its development, asset management, property management, and residential services. Mr. Moreau has more than 20 years of experience in nonprofit affordable housing, and has served as a director on numerous boards, including the Neighborhood Capital Corporation, Austin Community Development Corporation, Capital Area Homeless Alliance, and St. George's Court Elderly Housing Community. Mr. Moreau was appointed to a three-year term on the Bank's Advisory Council.

Reappointed Members

  • Mr. Mark Allison has been working to prevent and end homelessness for 20 years.  For the last 12 years he has served as executive director of the Supportive Housing Coalition of New Mexico (SHC-NM) where he pioneered the evidence-based best practices of permanent supportive housing and housing for special needs populations in New Mexico.  His leadership has resulted in an agency known for high profile and innovative housing developments that combine mixed income populations, cutting edge sustainable green elements and award winning design.  SHC-NM was named New Mexico's "Affordable Housing Developer of the Year" in 2010 by the New Mexico Mortgage Finance Authority.  Mr. Allison serves on numerous boards, including the Executive Committee of the Washington, D.C. based National Low Income Housing Coalition.  Mr. Allison was reappointed to a three-year term on the Bank's Advisory Council.
  • Ms. Cassie Hicks is the coordinator for housing initiatives at the University of Southern Mississippi Institute for Disability Studies.  She has 6 years of banking experience and 10 years of experience in utilizing federal, state, and local funds for housing programs that assist individuals with disabilities in Mississippi communities.  In her first term on the Bank's Advisory Council, Ms. Hicks was a strong advocate for those with special needs and provided influence and motivation to assist low- to moderate-income families in Mississippi.  Ms. Hicks was reappointed to a three-year term on the council.

The remaining members of the Advisory Council are:

Mr. Milton Bailey Baton Rouge, Louisiana
President  
Louisiana Housing Finance Agency  
   
Ms. Nancy Cates Austin, Texas
Director of Development  
Mary Lee Foundation  
   
Ms. Maureen Clary Covington, Louisiana
Maureen Clary Consulting, LLC   
   
Mr. Philip Eide  Jackson, Mississippi
Vice President  
Enterprise Corporation of the Delta  
   
Ms. Shari D. Flynn Lubbock, Texas
Executive Director,  
Lubbock Housing Finance Corporation   
   
   
Mr. Michael Gerber  Austin, Texas
Executive Director  
Texas Dept. of Housing & Community Affairs  
   
Mr. L. Lee Jones Little Rock, Arkansas
Executive Director  
Neighborhood Builders, Inc.  
   
Ms. Arlene Leviege Marksville, Louisiana
Tunica-Biloxi Housing Authority  
   
Ms. Jane Provo Denton, Texas
Executive Director  
Denton Affordable Housing  
   
Ms. Deborah Webster Albuquerque, New Mexico
Principal  
Concept Consulting Group, LLC  

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932.  The Bank, with total assets of $51.6 billion as of September 30, 2010, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit the Bank's website at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013

CONTACT: Corporate Communications
         Federal Home Loan Bank of Dallas
         www.fhlb.com
         (214) 441-8445

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