23 Nonprofits Awarded $225K through Federal Home Loan Bank of Dallas and Its Members
DALLAS, July 19, 2016 /PRNewswire-USNewswire/ -- The Federal Home Loan Bank of Dallas (FHLB Dallas) today announced the 23 community-based organizations that will receive $225,000 in 2016 Partnership Grant Program (PGP) funds. Partnership grants are offered through FHLB Dallas member institutions to help fund the operational needs of community-based organizations involved in affordable housing and community development.
FHLB Dallas matches a member's cash contributions to a community-based organization of $500 up to $4,000 at a 3:1 ratio, which increased total 2016 funding to $321,200.
"The structure of many grant programs prevents nonprofits from using funds for operational or administrative purposes," said Greg Hettrick, FHLB Dallas first vice president and director of Community Investment. "We created the PGP to fill this need and support community-focused nonprofits at the operational level. The program aligns well with our members' missions of serving their communities."
This year's partnership grants were issued through 26 member institutions. Several nonprofit organizations received funding from multiple members.
Any FHLB Dallas member in good standing is eligible to participate in the program. Listed below are the 2016 PGP award recipients:
Arkansas
Batesville
Member: First Community Bank
Sponsor: The Community Enrichment Organization
Grant: $12,000
Member: First National Banking Company
Sponsor: The Community Enrichment Organization
Grant: $1,500
Fort Smith
Member: First National Bank
Sponsor: Strategic Community Investments (SCI)
Grant: $3,480
Member: Arvest Bank
Sponsor: Strategic Community Investments (SCI)
Grant: $3,480
Member: Centennial Bank
Sponsor: Strategic Community Investments (SCI)
Grant: $3,480
Member: Bank of Ozarks
Sponsor: Strategic Community Investments (SCI)
Grant: $3,480
Member: Simmons Bank
Sponsor: Strategic Community Investments (SCI)
Grant: $3,480
Newport
Member: Merchants and Planters Bank
Sponsor: Downtown Revitalization and Improvement Volunteer Effort
Grant: $12,000
Conway
Member: First Service Bank
Sponsor: Deliver Hope
Grant: $12,000
Louisiana
Crowley
Member: First National Bank of Louisiana
Sponsor: Empowering the Community for Excellence
Grant: $12,000
Lake Charles
Member: First Federal Bank of Louisiana
Sponsor: Project Build a Future
Grant: $3,000
Marksville
Member: The Cottonport Bank
Sponsor: Avoyelles Society for the Developmentally Disabled
Grant: $7,500
New Orleans
Member: Whitney Bank
Sponsor: Home by Hand, Inc.
Grant: $6,000
Member: Gulf Coast and Trust Company
Sponsor: Committee for a Better New Orleans
Grant: $12,000
Member: IberiaBank
Sponsor: Puentas New Orleans, Inc.
Grant: $9,000
Member: Iberiabank
Sponsor: The Urban Conservancy
Grant: $6,000
Mississippi
Meridian
Member: BankPlus
Sponsor: Lauderdale County Habitat for Humanity
Grant: $12,000
Rolling Fork
Member: Bank of Anguilla
Sponsor: Rolling Fork Visitors Center & Museum
Grant: $7,500
New Mexico
Albuquerque
Member: Wells Fargo
Sponsor: Downtown ABQ Main Street Initiative
Grant: $7,500
Farmington
Member: Four Corners Community Bank
Sponsor: Four Corners Economic Development
Grant: $7,500
Member: Bank of the Southwest
Sponsor: Four Corners Economic Development
Grant: $7,500
Texas
Austin
Member: Comerica Bank
Sponsor: Economic Growth Business Incubator (EGBI)
Grant: $12,000
Buda
Member: Frost Bank
Sponsor: Habitat for Humanity Texas
Grant: $7,500
Dallas
Member: Comerica Bank
Sponsor: Business Assistance Center, Inc.
Grant: $6,000
Deer Park
Member: Associated Credit Union of Texas
Sponsor: Keystone Community Development Corporation
Grant: $12,000
Denton
Member: DATCU
Sponsor: Denton Assistance Center Inc., DBA Serve Denton
Grant: $12,000
Ennis
Member: Ennis State Bank
Sponsor: A-CROSS (A Christian Response to Shelter and Service)
Grant: $12,000
Port Arthur
Member: CommunityBank of Texas, NA
Sponsor: Legacy CDC
Grant: $7,500
Pearland
Member: Comerica Bank
Sponsor: PowHer Play, Inc.
Grant: $3,600
For more information on PGP or other FHLB Dallas grant programs, please contact Community Investment at 800.362.2944 or visit fhlb.com.
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 the FHLB Dallas website at fhlb.com.
Contact:
Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445
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SOURCE Federal Home Loan Bank of Dallas
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