- July 13, 2018
$414K in Grants Awarded to 32 Community-Based Organizations
FHLB Dallas' Partnership Grant Program Provides 3:1 Match of Members' Donations
DALLAS, TEXAS, July 13, 2018 – The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce $414,010 in Partnership Grant Program funds have been awarded by FHLB Dallas and member institutions to 32 community-based organizations (CBO).
Through this unique grant program, FHLB Dallas member institutions contribute $500 up to $4,000 to a CBO, which FHLB Dallas matches at a 3:1 ratio to provide the CBO up to $12,000 in grant money. Grants are awarded annually through FHLB Dallas' member institutions via a lottery system. In 2018, FHLB Dallas awarded $300,000 in PGP funds that were combined with the $114,010 contributed by 31 FHLB Dallas members for a total of $414,010 to the organizations.
New Orleans, Louisiana-based Urban Conservancy, a nonprofit organization dedicated to research, education and advocacy to promote the regional built environment and local economies, received a $4,500 grant from FHLB Dallas' PGP and IBERIABANK. Urban Conservancy Executive Director Dana Eness says the grant will be used to produce videos to simplify and educate small business owners on the permitting process with the city of New Orleans.
The grant is the third PGP award Urban Conservancy has received from FHLB Dallas and IBERIABANK. The PGP was intended to strengthen partnerships between CBOs and FHLB Dallas members.
"At first, I did not fully appreciate the goal of the PGP to deepen our connections with local bankers," says Ms. Eness. "Over the years, I have come to understand how the PGP not only enables us to do something good within the community for our small businesses, but how it really helps our nonprofit have a stronger relationship with our IBERIABANK branch. Working with FHLB Dallas has been such a great process in terms of figuring out what the community needs and how we can play our part."
Partnership grants may be used to:
- Offset operational and administrative expenses
- Purchase or rent equipment or software
- Hire staff and/or consultants
- Secure training, consulting or technical support
- Sponsor special program-related events
- Conduct research or studies related to economic development or affordable housing projects
- Hire professional contractors such as architects, engineers, grant writers or accountants
"The Partnership Grant Program continues to be one of our most sought-after grant programs. Our members are able to leverage the FHLB Dallas match to provide additional support for community-based organizations, and thus further strengthen their relationships with CBOs," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.
Below is the complete list of the 2018 PGP grant recipients. For more information about the 2018 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/community.
Note: The grants below reflect only the matching amount from FHLB Dallas.
Arkansas
Jonesboro
Member: BancorpSouth Bank
Sponsor: Habitat for Humanity of Greater Jonesboro, Inc.
Grant: $1,500
Member: Iberiabank
Sponsor: Habitat for Humanity of Greater Jonesboro, Inc.
Grant: $6,000
Member: First Security Bank
Sponsor: Habitat for Humanity of Greater Jonesboro, Inc.
Grant: $6,000
Member: Evolve Bank & Trust
Sponsor: Habitat for Humanity of Greater Jonesboro, Inc.
Grant: $3,000
Member: First Community Bank
Sponsor: Habitat for Humanity of Greater Jonesboro, Inc.
Grant: $3,000
Mountain Home
Member: First Security Bank
Sponsor: Bob Davis Male Veterans Shelter Inc.
Grant: $7,500
Louisiana
Alexandria
Member: BancorpSouth Bank
Sponsor: Re-Entry Solutions
Grant: $3,750
Baton Rouge
Member: Hancock Whitney Bank
Sponsor: Scotlandville Community Development Corporation
Grant: $12,000
Crowley
Member: First National Bank of Louisiana
Sponsor: Crowley Main Street
Grant: $12,000
Member: First National Bank of Louisiana
Sponsor: Empowering the Community for Excellence
Grant: $1,650
Lafayette
Member: Home Bank
Sponsor: Step Up Acadiana, NFP
Grant: $9,000
Member: Home Bank
Sponsor: A New Vision Leadership Foundation of Acadiana
Grant: $7,500
Natchitoches
Member: MidSouth Bank
Sponsor: Ben D. Johnson Educational Center
Grant: $4,500
New Orleans
Member: Home Bank
Sponsor: Puentes New Orleans
Grant: $4,000
Member: Iberiabank
Sponsor: The Urban Conservancy
Grant: $4,500
Slidell
Member: Hancock Whitney Bank
Sponsor: Northshore Housing Initiative, Inc.
Grant: $3,000
Member: First Bank & Trust
Sponsor: Northshore Housing Initiative, Inc.
Grant: $6,000
Member: Home Bank
Sponsor: Northshore Housing Initiative, Inc.
Grant: $6,000
Member: Iberiabank
Sponsor: Northshore Housing Initiative, Inc.
Grant: $6,000
Mississippi
Canton
Member: BankPlus
Sponsor: Madison Countians Allied Against Poverty
Grant: $12,000
Greenwood
Member: Bank of Commerce
Sponsor: Main Street Greenwood, Inc.
Grant: $6,000
Gulfport
Member: The First
Sponsor: Coalition of African American Communities
Grant: $7,200
Member: Community Bank of Mississippi
Sponsor: Coalition of African American Communities
Grant: $3,750
Indianola
Member: Guaranty Bank & Trust Company
Sponsor: Mississippi Community Financial Access Coalition
Grant: $12,000
Jackson
Member: BancorpSouth Bank
Sponsor: Restoration Home
Grant: $6,000
Member: BancorpSouth Bank
Sponsor: Corporation for Global Community Development
Grant: $7,500
Member: Trustmark National Bank
Sponsor: Housing, Education and Economic Development
Grant: $4,500
Member: BancorpSouth Bank
Sponsor: Housing, Education and Economic Development
Grant: $4,500
Member: BankPlus
Sponsor: Housing, Education and Economic Development
Grant: $3,000
Member: BankPlus
Sponsor: Center for Social Entrepreneurship
Grant: $12,000
Member: BankPlus
Sponsor: Dress for Success Metro Jackson
Grant: $6,470
Sunflower
Member: Planters Bank & Trust Company
Sponsor: Delta Grace, Inc.
Grant: $6,000
New Mexico
Albuquerque
Member: Wells Fargo Bank South Central
Sponsor: ABQid, Inc.
Grant: $12,000
Tucumcari
Member: Tucumcari Federal Savings & Loan
Sponsor: Tucumcari Main Street Corporation
Grant: $12,000
Texas
Austin
Member: Horizon Bank, SSB
Sponsor: Financial Literacy Coalition of Central Texas
Grant: $6,180
Beaumont
Member: CommunityBank of Texas, N.A.
Sponsor: Habitat for Humanity of Jefferson County, Inc.
Grant: $12,000
Houston
Member: CommunityBank of Texas, N.A.
Sponsor: Credit Coalition
Grant: $12,000
Member: Green Bank
Sponsor: Career Gear Houston
Grant: $4,500
Lufkin
Member: Citizens National Bank
Sponsor: Lufkin Neighborhood STRONG
Grant: $4,350
Member: Austin Bank Texas NA
Sponsor: Lufkin Neighborhood STRONG
Grant: $4,350
Member: Southside Bank
Sponsor: Lufkin Neighborhood STRONG
Grant: $3,300
Pearland
Member: Comerica Bank
Sponsor: PowHer Play Inc
Grant: $7,500
Richardson
Member: LegacyTexas Bank
Sponsor: Richardson Adult Literacy Center
Grant: $12,000
San Antonio
Member: Jefferson Bank
Sponsor: Southside First
Grant: $12,000
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 $68.5 billion as of March 31, 2018, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.
Contact Information:
Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
214.441.8445