PR Newswire·Nov 13, 2026, 6:00 PM ET

First Horizon Bank, Catholic Charities and AltCap Leverage New Markets Tax Credits to Build $25 Million Family Opportunity Center

First Horizon Bank, Catholic Charities of the Archdiocese of Galveston-Houston, & AltCap are collaborating to construct a new 60,000-square-foot Family Opportunity Center in north Houston.
The facility is scheduled to open in 2028 at 9111 Jensen Drive with a total investment of $25 million.
The project utilizes New Markets Tax Credits (NMTC) provided by First Horizon Bank & the Community Development Financial Institution AltCap, representing nearly 10 percent of the total funding.
Catholic Charities has already secured $17.5 million in private & foundation gifts toward the project.
The center will feature a market-style food pantry, thrift store, mental health counseling, parenting classes, rental assistance, job readiness resources, & disaster relief space for first responders.
This initiative marks AltCap's first NMTC investment in Texas, building upon their history of deploying nearly $350 million in capital to underserved communities.
First Horizon Bank aims to strengthen local communities & expand economic opportunities through this financing solution, which addresses funding gaps where traditional financing may be insufficient.