updated 3/1/2011 7:46:06 AM ET 2011-03-01T12:46:06

DALLAS, March 1, 2011 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (Bank) is pleased to announce that the 2011 Advisory Council (Council) has elected Jane Provo as chairman and Philip Eide as vice chairman effective February 16, 2011.

The Council is comprised of 14 volunteer representatives from state, community, and nonprofit organizations who advise the Bank's Board of Directors on affordable housing and economic development issues. Ms. Provo and Mr. Eide will lead the Council in its efforts to address the affordable housing and economic development needs across the Bank's five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

Ms. Provo is serving her third, second consecutive, term as a member of the Council, and was elected vice chairman in 2009. She is the founding executive director of the Denton Affordable Housing Corporation in Denton, Texas, where for the past 16 years she has led the nonprofit organization in its mission to increase the number of affordable housing units for low-income families and people with special needs. Since the corporation's inception, Ms. Provo has secured financing, designed and overseen the development of single- and multi-family housing projects, while continuing to build the corporation's asset base.

Ms. Provo welcomes the opportunity to lead the Council and believes her experience in affordable housing and community lending will be a valuable asset in her new role as chairman.

Mr. Eide is serving his third consecutive term on the Council. He is the senior vice president for housing and economic development at the Hope Enterprise Corporation (HOPE) in Jackson, Mississippi. HOPE is a private, nonprofit, community development financial institution that provides commercial financing, mortgage loans and technical assistance to support businesses, entrepreneurs, homebuyers, and community development projects. Through its resources, HOPE strives to build assets that improve the lives of individuals and families living in economically distressed areas of Arkansas, Louisiana, and Mississippi.

Mr. Eide is responsible for managing housing and economic development opportunities for HOPE. His involvement over the years in the housing and economic development industry has provided him with many contacts in the lending community, and with the opportunity to work with various community groups and elected officials. He looks forward to drawing upon his broad-based experience to help lead the Council.

Below is a full list of the Bank's Advisory Council:

Mark Allison Albuquerque, New Mexico
Executive Director  
Supportive Housing Coalition of New Mexico  
Mr. Milton Bailey Baton Rouge, Louisiana
Louisiana Housing Finance Agency  
Ms. Nancy Cates Austin, Texas
NAIFA – Texas & Texas IFAPAC &  
Mary Lee Foundation Board of Directors  
Ms. Maureen Clary Covington, Louisiana
Maureen Clary Consulting, LLC   
Mr. Philip Eide (Vice Chairman) Jackson, Mississippi
Senior Vice President  
Hope Enterprise Corporation  
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  
Cassie Hicks Hattiesburg, Mississippi
Housing Coordinator  
University of Southern Mississippi  
Institute for Disability Studies  
Mr. L. Lee Jones Little Rock, Arkansas
Executive Director   
Neighborhood Builders, Inc.  
Ms. Arlene Leviege Marksville, Louisiana
Tunica-Biloxi Housing Authority  
Walter Moreau Austin, Texas
Executive Director  
Foundation Communities  
Ms. Jane Provo (Chairman) Denton, Texas
Executive Director  
Denton Affordable Housing  
Andre Stephens Forrest City, Arkansas
Executive Director  
St. Francis Community Development   
Ms. Deborah Webster Albuquerque, New Mexico
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 $39.7 billion as of December 31, 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
         (214) 441-8445

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