CONWAY, Ark.--(BUSINESS WIRE)--Deliver Hope today received a $16,000 Partnership Grant Program (PGP) award from First Service Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds will be used for operating expenses to support one of its four initiatives, Hope House, which provides services to youth between the ages of 18 and 21 who have aged out of foster care.
Established in 2013, Deliver Hope provides ministry and self-improvement services to at-risk youth between the ages of 13 and 21 in Faulkner County, Arkansas, through four programs: Juvenile Justice Ministry, Mentoring, Her Hope, and Hope House.
Conway Mayor Tab Townsell applauded FHLB Dallas and First Service Bank for facilitating access of self-improvement services to Faulkner County-area at-risk youth. “The Partnership Grant Program is an excellent vehicle through which great change can occur,” said Mayor Townsell.
PGP grants are offered annually through FHLB Dallas’ member institutions via a lottery system. Funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services.
Deliver Hope Founder and Executive Director Daniel Tyler said the grant will help his clients in more ways than one.
“The grant will help us strengthen our programs for at-risk youth, specifically our Hope House program,” Mr. Tyler said. “Thanks to this financial investment, homeless youth will be afforded not only resources to excel but also a safe place to call home.”
Through the PGP, member institutions contribute $500 up to $4,000 to a community-based organization (CBO). FHLB Dallas matches the contributions at a 3:1 ratio, which provide up to $12,000 in grant money to a CBO. In 2016, FHLB Dallas awarded $225,000 in PGP funds to assist 23 CBOs. Combined with the $96,200 from member institutions, a total of $321,200 was awarded this year.
“First Service Bank is proud to support the work of Deliver Hope through the PGP,” said First Service Bank Conway Market President Lori Case Melton. “We believe in the work Deliver Hope does to benefit the under-served youth of Faulkner County.”
FHLB Dallas Vice President and Affordable Housing Program Manager Bruce Hatton said the PGP showcases the power of partnership between FHLB Dallas and member institutions.
“We’re proud to support First Service Bank and the work of Deliver Hope through the PGP,” Mr. Hatton said. “In partnering with FHLB Dallas, First Service Bank is providing added value to their partnership with Deliver Hope and in effect the greater community.”
About First Service Bank
First Service Bank has locations in Greenbrier, Conway, Marshall, Mountain View, Dermott, Shirley, Yellville, Flippin, Clinton, and Little Rock with its headquarters in Faulkner County. A family owned and operated bank for over 50 years, First Service employs 110 people at 10 locations around the state of Arkansas. For more information, visit 1stservicebank.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 created by Congress in 1932. FHLB Dallas, with total assets of $54.4 billion as of June 30, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Visit fhlb.com for more information.