NATCHEZ, Miss., March 31, 2016 /PRNewswire-USNewswire/ -- The leak in the washroom ceiling of Willie Mae Bass' home signaled a larger problem: The roof needed repairing, so water would stop damaging the laundry area. But Mrs. Bass didn't know where to turn until she read an article in "The Natchez Democrat" about the Special Needs Assistance Program (SNAP), available through the Federal Home Loan Bank of Dallas (FHLB Dallas) and participating member institutions, like Home Bank.
A grant of more than $4,700 from FHLB Dallas and Home Bank provided Mrs. Bass and her husband, James, with the needed new roof.
"We've lived in this house about six years, and then one day a year ago, I came in the back door and saw a piece of the ceiling had fallen in the washroom," she said. "I knew there had to be a leak somewhere."
SNAP grants assist income-qualified, special-needs homeowners with necessary home repairs and modifications. Before becoming disabled two years ago, Mrs. Bass worked as a front-desk clerk at the Natchez Grand Hotel.
"This program works for the community by helping homeowners in need to stay in their homes," said Deanna Bowser, SVP and Mississippi market president at Home Bank. "We very much appreciate our partnership with the City of Natchez and FHLB Dallas to direct these funds where they can accomplish tremendous good."
The new roof, installed last month, has been a huge support to the couple, who lives on a fixed income. "It has helped, for one thing, that I didn't have to do it," Mrs. Bass said. "I couldn't have afforded to re-roof this house."
Natchez Mayor Butch Brown praised the SNAP program for the improvements it has made to area homes.
"The City of Natchez appreciates the continued support provided by SNAP," Mayor Brown said. "Through the assistance of Home Bank and FHLB Dallas, the city has been able to assist 40 homeowners with making needed health and safety repairs to their homes."
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 is pleased to make a difference in communities like Natchez," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. "We appreciate the work of our members, who facilitate the SNAP program for income-qualified homeowners in their communities."
About Home Bancorp
Home Bancorp, Inc. is the holding company for Home Bank, National Association, a nationally chartered bank headquartered in Lafayette, Louisiana. Home Bank, N.A. offers a full range of deposit and loan products through 30 banking centers in growing regions of Louisiana and Mississippi: Acadiana, Baton Rouge, New Orleans, the Northshore (of Lake Pontchartrain), Natchez, and Vicksburg. Home Bancorp, Inc. trades on the Nasdaq Global Market under the symbol "HBCP".
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 $42.1 billion as of December 31, 2015, 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