HOUSTON--(BUSINESS WIRE)--The Credit Coalition, a nonprofit organization providing free homebuyer and financial education to the greater Houston and Beaumont/Port Arthur areas, will be awarded a total of $22,000 in Partnership Grant Program (PGP) funds from CommunityBank of Texas and the Federal Home Loan Bank of Dallas (FHLB Dallas). The Credit Coalition will use the funding to continue providing its services at no cost to qualified consumers.
The media is invited to the check presentation: 9:30 a.m., Thursday, October 19, 2017, at the CommunityBank of Texas, 9 Greenway Plaza, Suite 110 in Houston, Texas.
PGP awards provide grants to community-based organizations (CBOs) of up to $12,000. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through the PGP, FHLB Dallas matches a member’s contribution to a CBO of $500 up to $4,000 at a 3:1 ratio for a maximum $12,000 contribution from FHLB Dallas. Members may contribute more than the $4,000 amount required to maximize the FHLB Dallas contribution, increasing the total amount to the organization.
The grants are offered via a lottery system once a year through FHLB Dallas members. In 2017, FHLB Dallas awarded $300,000 in PGP funds through 31 member institutions to assist 30 CBOs. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations. For more information, visit fhlb.com.
|WHEN:||9:30 a.m., Thursday, October 19, 2017|
|WHO:||Travis Jaggers, President, CommunityBank of Texas|
|Brandi Gregg, Executive Vice President & Chief Compliance Officer, CommunityBank of Texas|
Ashley Warren, Marketing & Events Director, CommunityBank of Texas
|Sherrie Young, Executive Director & Housing Counselor, Credit Coalition|
|Denise Schmitt, Community Investment Operations Manager, FHLB Dallas|
|WHERE:||CommunityBank of Texas|
|9 Greenway Plaza, Suite 110|
|Houston, Texas 77046|