Two Housing Nonprofits to Be Awarded $18K in Grants from Home Bank and FHLB Dallas

Check Presentation: 10:00 a.m., November 3, 2017

LAFAYETTE, La.--()--Step Up Acadiana and Open Doors Louisiana, two nonprofits that provide first-time homebuyer and financial literacy training, will be awarded a total of $18,000 in Partnership Grant Program (PGP) funds from Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). Step Up Acadiana will use the $10,000 PGP grant for employee training. Open Doors Louisiana will use the $8,000 PGP award for administrative and operational expenses.

The media is invited to the check presentation: 10:00 a.m., Friday, November 3, 2017, at Home Bank 503 Kaliste Saloom Road, Lafayette, Louisiana.

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.

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.

   

WHAT:

Check Presentation
 

WHEN:

10:00 a.m., Friday, November 3, 2017
 

WHO:

Brandon Kelly, Vice President & CRA Officer, Home Bank

Kevin Davis, Executive Director and Founder, Step Up Acadiana

Emily Huval, Director of Affordable Housing, Step Up Acadiana

Stephen Bartley, Open Doors Louisiana

Judy Brumley, Affordable Housing Analyst, FHLB Dallas

 

WHERE:

Home Bank

503 Kaliste Saloom Road
Lafayette, Louisiana 70508

Contacts

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

Release Summary

FHLB Dallas, Home Bank to award $18K in grants to 2 LA nonprofits. Event 10 a.m., 11/3, Home Bank, 503 Kaliste Saloom Rd., Lafayette. Media welcome.

Contacts

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