to Federal Home Loan Bank of Dallas Board

The Federal Home Loan Bank of Dallas has announced the election of NAHB Chair Granger MacDonald to FHLB Dallas Board of Directors to fill an independent director seat vacated in April.

MacDonald will serve out the remainder of the term for that seat, which expires Dec. 31.

MacDonald is also the chairman and CEO of three multifamily property management and development companies based in Kerrville, Texas:  MacDonald Property Management, LLC, MacDonald & Associates, Inc. and G.G. MacDonald, Inc. He has developed over 50 multifamily apartment communities throughout Texas during four decades in construction and development.

“I am deeply honored to be appointed to this position at the Federal Home Loan Bank of Dallas,” MacDonald said. “The programs offered by FHLB Dallas have benefited communities across the district, and I hope to use this opportunity to work closely with member institutions to provide financial products and services that will expand affordable housing opportunities for hard-working American families.”

“It is our pleasure to welcome Granger MacDonald to the FHLB Dallas Board,” said FHLB Dallas President and CEO Sanjay K. Bhasin. ‘His commitment to affordable housing and the knowledge and experience he brings to the board will benefit members throughout our district.”