FORDYCE, Ark.--(BUSINESS WIRE)--Living on a fixed disability income, Rejoyce Strickland, 61, does her best to cover her expenses. But for much of her 30 years as a homeowner, she has not been able to afford necessary repairs to her Fordyce, Arkansas, home. Fortunately, earlier this year, her cousin told her about the Special Needs Assistance Program (SNAP) from the Federal Home Loan Bank of Dallas (FHLB Dallas).
Ms. Strickland applied and was awarded a $6,000 SNAP grant through FBT Bank and Mortgage, an FHLB Dallas member institution. The grant covered the cost of replacing countertops and several interior doors that were peeling, as well as repainting the home’s exterior.
“If I hadn’t gotten the grant, there was nothing I could have done,” Ms. Strickland said. “The repairs have helped a whole lot. I have lived here 30 years, and I am just very thankful for the work.”
SNAP provides grant funds for the necessary repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals. Since FHLB Dallas established the program in 2009, FBT Bank and Mortgage and FHLB Dallas have awarded $355,455 in SNAP grants to assist 57 Arkansas families.
FBT Bank and Mortgage Vice President Scott Smith assisted Ms. Strickland with her SNAP application.
“We see a great demand in our area for this type of financial support,” Mr. Smith said. “Being able to help some of our community residents to stay in their homes gives us tremendous peace of mind. We thank FHLB Dallas for making this possible.”
Since SNAP’s inception in 2009, more than $11.6 million has been awarded in grants 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.
“Each year, SNAP is our most sought-after program because the grants target an underserved population,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. “Now in our eighth year partnering with FBT Bank and Mortgage, we are encouraged to see the positive impact that SNAP has made in the lives of Fordyce residents.”
To learn more about SNAP, visit fhlb.com/snap.
About FBT Bank and Mortgage
FBT Bank and Mortgage is a full service bank established in 1931. Now operating in five locations, FBT Bank and Mortgage is focused on the communities it serves, offering state-of-the-art products and services while delivering personalized attention to customers. To learn more, go to fbtbank.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 $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.