The FHLB Dallas Partnership Grant Program provides a 3:1 matchup of member donations
METAIRIE, La., October 14, 2022–(BUSINESS WIRE)–Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded Home by Hand, a community-based organization (CBO) in Metairie, Louisiana, $16,000 in Partnership Grant Program ( PGP) creates strong neighborhoods by renovating vacant and neglected lots into single-family homes. The funds were recently allocated during a check presentation ceremony.
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Representatives from Home Bank and the Federal Home Loan Bank of Dallas awarded Home by Hand, a nonprofit home revitalization organization in Metairie, Louisiana, a $16,000 grant under the Partnership Grant Program. (Photo: Business Wire)
Granted annually by FHLB Dallas member institutions, the Partnership Grant Program (PGP) funds help foster and strengthen relationships between CBOs and FHLB Dallas members. FHLB Dallas is doubling membership fees from $500 to $4,000 at a 3:1 ratio.
“Home Bank is excited to support the work of Home by Hand throughout the New Orleans area,” said Kelvin Luster, community development director at Home Bank. “We are incredibly honored to support their initiatives alongside FHLB Dallas, which has enabled our investment to go further.”
Home by Hand intends to use grant proceeds for program development, including pre-sale training for homebuyers and the development of a post-sale homeowner management program.
Home by Hand is one of seven local nonprofits that Home Bank is supporting with PGP funds this year. Together, Home Bank and FHLB Dallas have supported seven CBOs in Louisiana, Mississippi and Texas with more than $67,000 in PGP grants.
“Home Bank directs its resources to communities,” said Greg Hettrick, first vice president and director of community investments at FHLB Dallas. “It’s an honor to work with a financial institution that shows this commitment to neighborhood revitalization.”
Check out the full list of the 2022 PGP Grantees. For more information on the 2022 PGP Grants and other FHLB Dallas community investment products and programs, visit fhlb.com/pgp.
About Home Bank, NA
Home Bank, NA, founded in 1908 as Home Building & Loan, is the oldest financial institution incorporated in Lafayette Parish. Home Bank now serves markets in southern Louisiana and Mississippi from 40 locations. Home Bank strives to meet 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 clients and community. We live our values every day and focus on integrity, innovation and a commitment to serve others. You can find more information about Home Bank at www.home24bank.com.
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 established by Congress in 1932. The FHLB Dallas with total assets of 77.7 billion State District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides financial products and services, including advances (loans to members) and grant programs for affordable housing and economic development. Visit our website at for more information fhlb.com.
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Federal Home Loan Bank of Dallas
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