-

BankPlus and FHLB Dallas Award Home Repair Subsidy to Mississippi Woman

Special Needs Assistance Program Provided $7K for New Roof

original A Jackson, Mississippi, woman has lived in her home for 42 years and is thrilled with her new roof thanks to a $7K SNAP subsidy awarded to her from BankPlus and FHLB Dallas. (Photo: Business Wire)

A Jackson, Mississippi, woman has lived in her home for 42 years and is thrilled with her new roof thanks to a $7K SNAP subsidy awarded to her from BankPlus and FHLB Dallas. (Photo: Business Wire)

JACKSON, Miss.--(BUSINESS WIRE)--Mary Holmes, a retired resident of Jackson, Mississippi, is living comfortably in her home again after receiving funding from the Special Needs Assistance Program (SNAP) to replace her roof. After years of uncertainty about how she could afford to replace her aging roof, Ms. Holmes received a $7,000 SNAP subsidy from BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas).

The roof was leaking and in desperate need of replacement.

“I’ve lived in this home for 42 years. It was brand new when I moved in, but as time has gone on, repairs have been needed and it is hard to do that while living on a fixed income,” Ms. Holmes said.

Mark Ouellette, first vice president at BankPlus, said keeping residents comfortable and safe within their homes is a priority for the bank.

“Many of our customers have owned their homes for decades and, as repairs come up, we are honored to be able to help secure funding for them through SNAP and are grateful for our partnership with FHLB Dallas to make that happen,” he said.

Through member institutions, SNAP provides subsidies for the repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals. FHLB Dallas set aside $1.5 million of its 2022 Affordable Housing Program funds for SNAP subsidies.

“We’ve been working with BankPlus to distribute SNAP funding to Mississippi families for many years,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. “They understand the impact this program has toward enabling residents live independently and safely within their homes.”

For more information about the SNAP, visit fhlb.com/snap.

About BankPlus

Founded in 1909, BankPlus is one of the Southeast's premier regional banks serving consumers and businesses with the latest technology through a full suite of financial services, including retail banking, commercial banking, mortgage lending and wealth management. With over $6.5 billion in total assets, BankPlus operates more than 90 financial centers throughout Mississippi, Alabama and Louisiana. For more information about BankPlus, visit bankplus.net.

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 $62.6 billion as of March 31, 2022, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.

Contacts

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

Industry:

Federal Home Loan Bank of Dallas

Release Versions
English
Hashtags
#AffordableHousing
#HomeRepairs

Contacts

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

More News From Federal Home Loan Bank of Dallas

Federal Home Loan Bank of Dallas and Bonvenu Bank Award $100,000 in Pathway Fund Grants to Four Baton Rouge, Louisiana, Organizations

BATON ROUGE, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through member Bonvenu Bank, has awarded $100,000 in Pathway Fund grants to four organizations in Baton Rouge, Louisiana, whose work strengthens housing stability, advances estate planning and helps families preserve generational property. Each organization received $25,000 as part of a statewide effort supporting nonprofits addressing heirs’ property challenges. The funding is part of more than $1 million th...

Federal Home Loan Bank of Dallas and Bonvenu Bank Award $500K in Grants to Five New Orleans Area Nonprofits

NEW ORLEANS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through member Bonvenu Bank, awarded $500,000 in Pathway Fund grants to five organizations in the New Orleans, Louisiana, area that will support resolving heirs’ property issues. The funding is part of more than $1 million awarded to 13 Louisiana nonprofits by FHLB Dallas through Bonvenu Bank. “Supporting families as they work to secure clear title to their homes is essential to strengthening communities across Lo...

Federal Home Loan Bank of Dallas and Bonvenu Bank Award $300K in Pathway Fund Grants to Four Northwest Louisiana Nonprofits

SHREVEPORT, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through member Bonvenu Bank, has awarded $300,000 in Pathway Fund grants to four organizations in Northwest Louisiana to support ongoing efforts to address heirs’ property challenges and help families preserve generational homes. The funding is part of more than $1 million awarded to 13 Louisiana nonprofits by FHLB Dallas through Bonvenu Bank. “Ensuring families have the tools they need to secure clear ownersh...
Back to Newsroom