HOUMA, La., Nov. 12, 2014 /PRNewswire-USNewswire/ -- Empowered with a $17,012 grant from Synergy Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas), Hope Extreme now has the resources it needs to help offset operational and administrative costs as they work with at-risk youth to break the cycle of poverty, violence, and crimes that plagues the neighborhoods of east Houma.
"Hope Extreme is on the front line in Houma working with at-risk youth so that we break the cycle of poverty, violence, and crime that plagues our neighborhoods," says Parish President Michel H. Claudet. "This grant will allow Hope Extreme to continue this valuable program."
Synergy Bank is a member of FHLB Dallas and participates in its Partnership Grant Program (PGP), which helps fill a gap in funding so often seen in community-based organizations. FHLB Dallas matches a member's cash contribution to a community-based organization of $500 up to $5,000 at a 3:1 ratio. In 2014, FHLB Dallas awarded $225,000 in partnership grants.
"Hope Extreme is committed to educating, loving, and inspiring youth to want more out of their lives," said Hope Extreme Executive Director Tara Detiveaux. "Through service training, intensive mentoring, after school education programs, Hope Gardens, and much more, we are providing our youth the resources and support they need to be successful. But these things come at a cost and that is why the PGP award is so important for our organization."
Jerry Ledet, president and CEO of Synergy Bank, said they are proud to support an organization that is making such an impact in the community.
"At a very grassroots level, Hope Extreme is reaching children, youth and young adults at a very critical point in their lives," said Mr. Ledet. "By helping to remove barriers for our community's most vulnerable, Hope Extreme is opening the doors of opportunity."
Bre Chapman, senior vice president and chief administrative officer at FHLB Dallas, noted that there is a real need in communities for organizations such as Hope Extreme, and is proud that the banking community is stepping in to help.
"Tackling social issues in our communities requires a collaborative approach. By working through members like Synergy Bank, we are able to pool our resources so as to make a larger impact," said Ms. Chapman.
About Synergy Bank
Synergy Bank was formed in 1998 by a group of local business leaders who shared a common vision of a new type of financial institution for the Houma-Terrebonne area. The bank offers a full range of financial services and a unique brand of customer service.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank system created by Congress in 1932. FHLB Dallas, with total assets of $37.5 billion as of September 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
Federal Home Loan Bank of Dallas
SOURCE Federal Home Loan Bank of Dallas