FORT SMITH, Ark., Oct. 22, 2015 /PRNewswire-USNewswire/ -- Regional Housing Solutions will be presented a $16,000 Partnership Grant Program (PGP) award today from Arvest Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). Regional Housing Solutions, a community housing development organization, plans to use the funds to build its organizational capacity to support large-scale housing developments.
The check presentation will take place at 3:15 p.m. Thursday, October 22, 2015, at Arvest Tower, 5000 Rogers Avenue in Fort Smith, Arkansas. The media is encouraged to attend.
Presented annually, PGP awards provide grants up to $12,000 to community-based organizations (CBOs), like Regional Housing Solutions. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. The structure of the PGP allows FHLB Dallas member institutions, such as Arvest Bank, to make a contribution to a CBO, which FHLB Dallas will match. The member's contribution may range from $500 up to $4,000 and is matched 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: 3:15 p.m. Thursday, October 22, 2015
Beth Presley, Vice President & Marketing Director, Arvest Bank
Virgil Miller, Jr., Group CRA Director, Arvest Bank
Karen Phillips, COO, Regional Housing Solutions & Advisory Council Member, FHLB Dallas
Bruce Hatton, Manager, Affordable Housing Program, FHLB Dallas
Michael Lambert, Government & Industry Liaison, FHLB Dallas
5000 Rogers Avenue
Fort Smith, AR 72903
Federal Home Loan Bank of Dallas
SOURCE Federal Home Loan Bank of Dallas