PORT GIBSON, Miss., July 7, 2016 /PRNewswire-USNewswire/ -- For years, Julia James watched water drip through the ceiling of her bedroom and fill up the buckets she put out to catch the rain. Thanks to a Special Needs Assistance Program (SNAP) grant from the Federal Home Loan Bank of Dallas and RiverHills Bank, Ms. James was able to repair her roof and restore the foundation of her 80-year-old home.
Ms. James, who is on a fixed income since retiring from nursing, could not afford the critical home repairs on her own. She heard about the SNAP and called the Vicksburg city planning department to find out how to apply. She worked with the city of Vicksburg to obtain the funding she needed for the repairs. In February 2016, she received a SNAP grant totaling $4,935.
According to Ms. James, the turnaround was quick.
"It took no time at all from the time I applied until the work was started," she said. "Now I don't have to worry about rain coming down. I can lay in bed and look at my ceiling and thank God it's not the way it was."
SNAP is a program offered by FHLB Dallas through participating member institutions such as RiverHills Bank to assist income-qualified, special-needs homeowners with necessary home repairs and modifications.
The grant provided Ms. James with a new roof, repaired the ceilings of two bedrooms, and restored the home's foundation, which had been damaged.
RiverHills Bank Senior Vice President David Blackledge acknowledges the important role SNAP grants play in the community.
"SNAP grants help us make this community better and stronger," Mr. Blackledge said. "As a community bank, our goal is to serve this community, and we need programs like SNAP to do that."
Since SNAP's inception in 2009, more than $10.6 million has been awarded in grants through FHLB Dallas member institutions to assist more than 2,000 families across FHLB Dallas' five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. In 2015, FHLB Dallas awarded nearly $1.5 million in SNAP grants that assisted 319 families. The 2016 SNAP funding, made available in January on a first-come, first-served basis, has been exhausted.
FHLB Dallas First Vice President and Director of Community Investment Greg Hettrick says the SNAP is a vital program not just for seniors and in-need residents, but for FHLB Dallas members, as well.
"In offering the SNAP through our member institutions, we are not only impacting the community in a positive way, but also assisting our members to provide top-notch service to their customers," said Mr. Hettrick.
About RiverHills Bank
RiverHills was established in 1890 and serves individuals and businesses through an office in Port Gibson, two offices in Vicksburg, and is opening a facility this month in Madison. The bank offers a variety of consumer and business financial products and has total assets of $300 million as of June 30, 2015. The bank is a CDFI (Certified Development Financial Institution).
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $49.5 billion as of March 31, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit fhlb.com.
Federal Home Loan Bank of Dallas
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SOURCE Federal Home Loan Bank of Dallas