NEW ORLEANS--(BUSINESS WIRE)--The Central City Housing Development Corporation (CCHDC) will be awarded $8,000 in Partnership Grant Program (PGP) funds from IBERIABANK and the Federal Home Loan Bank of Dallas (FHLB Dallas). Dedicated to providing decent, affordable housing to New Orleans residents, CCHDC will use the grant for organizational capacity, contractual services and research studies.
The media is invited to the check presentation at noon, Friday, December 15, 2017.
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.
|WHEN:||Noon, Friday, December 15, 2017|
|WHO:||Cleland Powell III, Executive Vice President, IBERIABANK|
|Ashley Morgan, Public Relations Coordinator, IBERIABANK|
|Dr. Eric Anthony Johnson, Executive Director, Central City Housing|
|Greg Hettrick, First Vice President and Director of Community Investment, FHLB Dallas|
|601 Poydras Street, 21st Floor|
|New Orleans, Louisiana 70130|