COVINGTON, La., Nov. 17, 2015 /PRNewswire-USNewswire/ -- The Northshore Housing Initiative (NHI), a developer of affordable housing in St. Tammany Parish, Louisiana, will receive a $16,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas (FHLB Dallas) and four of its member institutions: Whitney Bank, Home Bank, Fidelity Bank, and First Bank & Trust. The check presentation will take place at 9:00 a.m., Friday, November 20, 2015, at 428 E. Boston Street in Covington, Louisiana, 70433. The media is encouraged to attend.
NHI will use the funding to purchase a computer and hire a new employee, who will handle inquiries and applications from prospective homebuyers.
PGP awards provide grants up to $12,000 to community-based organizations (CBOs) that may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. PGP funding allows FHLB Dallas member institutions to contribute $500 up to $4,000 to a CBO, which FHLB Dallas matches at a 3:1 ratio. In 2015, FHLB Dallas awarded $225,000 in PGP funds to support 25 organizations. For more information, visit fhlb.com.
WHAT: Check Presentation
WHEN: 9:00 a.m. Friday, November 20, 2015
WHO: Ann Borne, Executive Director, Northshore Housing Initiative
Maureen Clary, Vice President of the Board, Northshore Housing Initiative
David Boudreaux, Vice President & Commercial Portfolio Manager, Whitney Bank
Karin Coleman, Vice President, Fair Lending & CRA Officer, Fidelity Bank
John Zollinger IV, Sr. Vice President, Northshore Market President, Home Bank
Mary Hopkins, Vice President & Controller, Home Bank
Charles Blackwell, Chief Compliance Officer, First Bank & Trust
Peter Link, Chief Risk Officer, First Bank & Trust
Greg Hettrick, Vice President, Community Development, FHLB Dallas
WHERE: Southern Hotel (Courtyard)
428 E. Boston St.
Covington, LA 70433
Federal Home Loan Bank of Dallas
SOURCE Federal Home Loan Bank of Dallas