Affordable Housing and Veterans’ Organization Receives Funds from Partnership Grants Program
NATCHEZ, Mississippi, Nov. 09, 2022–(BUSINESS WIRE)–Home Bank and Federal Home Loan Bank of Dallas (FHLB Dallas) provided $16,000 in funding through the Partnership Grants Program (PGP) to two community organizations in Natchez, Mississippi during a a check presentation ceremony on Tuesday.
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Home Bank and Federal Home Loan Bank of Dallas awarded $8,000 each to the Home with Heroes Foundation and Natchez-Adams County Habitat for Humanity. (Photo: BusinessWire)
Habitat offers low-cost, interest-free mortgages to eligible applicants while helping new homeowners build their homes with the help of volunteers. The nonprofit plans to use the proceeds for program operational, administrative, and running expenses.
Home with Heroes supports veterans in Adams County, Mississippi and Concordia Parish, Louisiana with free services. The organization plans to use the proceeds for emergency financial assistance, sponsorship of a veterans parade and other forms of assistance to veterans, such as helping them locate military records.
Kelvin Luster, senior vice president and director of community development at Home Bank, said PGP funds have a huge impact on small organizations.
“These investments can make a significant difference for small community service providers – enabling them to hire staff or increase their organizational capacity to have an even greater impact,” he said. “It is an honor for Home Bank to be able to contribute in this way.”
Habitat and Home with Heroes are two of seven local nonprofits that Home Bank is supporting with PGP funding this year. Together, Home Bank and FHLB Dallas donated more than $67,000 to seven community organizations in Louisiana, Mississippi and Texas.
In 2022, FHLB Dallas and its members provided nearly $559,000 in PGP funds to 38 community organizations in its five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. See the full list scholarship holders and visit fhlb.com/pgp to learn more.
“FHLB Dallas members understand what it means to be a community advocate,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “We appreciate the partnership with Home Bank and how they help meet the needs of the community.”
About Home Bank, NA
Home Bank, NA, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in Lafayette Parish. Home Bank now serves the southern Louisiana and Mississippi markets in 40 locations. Home Bank is committed to meeting the needs of our communities. Personal banking has always been the hallmark of Home Bank and that tradition continues as we grow, invest and serve our customers and our community. We live our values every day, focusing on integrity, innovation and commitment to serving others. For more information about Home Bank, visit www.home24bank.com.
About Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $89.6 billion as of September 30, 2022, serves approximately 800 members and associated institutions in our five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas offers financial products and services, including advances (loans to members) and grant programs for affordable housing and economic development. For more information visit our website at fhlb.com.
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Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445