COVINGTON, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and IBERIABANK recently partnered to provide a Special Needs Assistance Program (SNAP) grant to a Covington, Louisiana, resident who was unable to afford making necessary repairs to her home due to a medical condition.
Patricia Brown, a 57-year-old retired communications worker from AT&T, first learned about SNAP about four years ago from her mother. She decided to apply and was approved for a $4,999 SNAP grant provided by FHLB Dallas and IBERIABANK that was used for a number of repairs, including a ramp, a screen door, two sink faucets, a handicapped toilet, bathtub railings and a ceiling fan. Volunteers of America completed the work on Ms. Brown’s home, which was facilitated by St. Tammany Parish Health and Human Services.
“SNAP does a world of good, and we are pleased to be a part of such a worthy program,” said Vice President and Community Development Portfolio Manager Bill Roche of IBERIABANK. “Recipients often don’t have the financial ability to make these repairs on fixed incomes, yet these home renovations are vital for their health, safety and well-being.”
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 $1.5 million in 2017 SNAP funding, made available in January on a first-come, first-served basis, has been exhausted.
“We are thankful that so many of our member financial institutions, including IBERIABANK, have embraced SNAP. We support our members’ strong commitment to helping residents in their communities,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.
Ms. Brown, who said she’s thankful for the help she received, said her experience with SNAP changed her life tremendously.
“If I had to pay for these repairs myself, I never would have been able to,” she said. “The ramp is like a maze and I use it for exercise; I walk up and down it, and I’ve put a chair and a grill out there nearby.”
To learn more about SNAP, visit fhlb.com/snap.
About IBERIABANK
IBERIABANK Corporation is a financial holding company with 335 combined offices, including 228 bank branch offices and one loan production office in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South Carolina, 24 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 68 locations in 10 states. The Company has 13 locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners L.L.C. office in New Orleans.
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 $62.9 billion as of June 30, 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.
