Early 20th Century Mississippi Home Repaired by $5K Grant

FHLB Dallas and BNA Bank Provided Special Needs Assistance Program Grant

NEW ALBANY, Miss.--()--Mary Hill Hattix’s early 20th century home holds a lot of memories for her. Ms. Hattix, 75, has lived in the house for 35 years and raised seven children there: her four children and three grandchildren. Recently, her home has shown signs of wear, including a hole in the ceiling of her bathroom closet and soft spots in her bathroom floor that made it difficult to use the bathroom.

A $5,000 Special Needs Assistance Program (SNAP) grant from BNA Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) helped repair the deteriorating bathroom in Ms. Hattix’s home.

“I don’t have to worry about falling through the floor,” Ms. Hattix explained. “I’ve been happy with everything that was done. I couldn’t ask for anything better.”

SNAP provides grant funds for the repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals. The grants are awarded by FHLB Dallas through participating member institutions, such as BNA Bank.

BNA Bank Executive Vice President and CFO Bob Spencer said SNAP is a valuable community investment tool because it helps keep residents in their homes.

“Anything we can do to help ease the financial burdens of our senior customers, we’re here to help,” said Mr. Spencer. “That’s why we’re thankful to offer SNAP through our partnership with FHLB Dallas.”

Since 2009, more than $11.6 million in SNAP funds has been awarded through FHLB Dallas member institutions to assist more than 2,300 families across FHLB Dallas’ five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. In 2016, FHLB Dallas awarded nearly $1 million in SNAP grants that assisted 205 families. The 2017 SNAP funding, made available in January on a first-come, first-served basis, has been exhausted.

“Through SNAP, we join our members in the quest to improve the lives of those in need,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. “There is a tremendous need for SNAP in this community and we are proud to offer a program through our members.”

To learn more about SNAP, visit fhlb.com/snap.

About BNA Bank

BNA Bank, established in 1896, is a state-chartered bank with approximately $480 million in assets. BNA’s main office and two branch offices are located in New Albany with another branch located in Myrtle, Mississippi and two in Tupelo and Lee County, Mississippi.

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 $57.5 billion as of March 31, 2017, is a member-owned cooperative that supports housing and community investment 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.

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
fhlb.com

Release Summary

$5K Special Needs Assistance Program grant from BNA Bank and FHLB Dallas helps New Albany, MS homeowner.

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
fhlb.com