-

FHLB Dallas Recognizes Hope Credit Union and Hope Enterprise Corp. for Community Investment

original From left, Chloe Dotson, executive vice president and chief program officer and Jena Reed, vice president of Community and Economic Development; both with HOPE; FHLB Dallas Board Member Dorsey Baskin; FHLB Dallas Assistant Vice President, Community Investment Manager Jill Droge; and FHLB Dallas Board Member Felipe Rael.

From left, Chloe Dotson, executive vice president and chief program officer and Jena Reed, vice president of Community and Economic Development; both with HOPE; FHLB Dallas Board Member Dorsey Baskin; FHLB Dallas Assistant Vice President, Community Investment Manager Jill Droge; and FHLB Dallas Board Member Felipe Rael.

DALLAS--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) is excited to announce its 2025 Community Area Revitalization Efforts (CARE) Award recipient. Collectively, Hope Credit Union and Hope Enterprise Corporation. (HOPE) were honored today with the award, which recognizes a member financial institution for its commitment to community investment.

Each year, FHLB Dallas recognizes a member or members that support affordable housing and other community investment programs using FHLB Dallas grants and advances (loans). The honor includes a $15,000 donation from FHLB Dallas toward a nonprofit or nonprofits of the member’s choice.

HOPE was honored for its consistent use of the Special Needs Assistance Program (SNAP), which funds critical home repairs and upgrades for low-income homeowners with special needs, such as elderly or disabled homeowners. It was also honored for its use of the Homebuyer Equity Leverage Partnership (HELP), which provides down payment and closing cost assistance to first-time homebuyers and the Affordable Housing Program, FHLB Dallas’ signature grant program for the construction and rehabilitation of affordable housing.

“Being honored by FHLB Dallas and recognized as the 2025 CARE Award recipient is a testament to the resilience of our members and the under-resourced Deep South communities we serve.” said HOPE CEO Bill Bynum.

Experience the full story in this video about how HOPE has impacted its communities using FHLB Dallas programs.

“HOPE’s impact on affordable housing and community investment in some of this nation’s poorest towns and cities is remarkable,” said Bruce Hatton, community marketing and outreach manager for the Community Investment department at FHLB Dallas. “We congratulate HOPE and look forward to more great things from them.”

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 $127.7 billion as of December 31, 2024, 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.

About HOPE

HOPE (Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute) provides financial services, leverages resources, and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee and influenced billions in investments in persistent poverty communities nationwide. Learn more at www.hopecu.org

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, 214.441.8445

Industry:

Federal Home Loan Bank of Dallas

Release Versions
English

Contacts

Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com, 214.441.8445

More News From Federal Home Loan Bank of Dallas

Media Advisory: FHLB Dallas and Arvest Bank to Celebrate Opening of Harrison Estates Senior Housing in Harrison, Arkansas, Assisted with $1.5M Grant

HARRISON, Ark.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Arvest Bank will celebrate the grand opening of Harrison Estates Senior Housing, the first affordable senior housing development in the area in more than a decade. The event will feature a ribbon cutting and tours of the new units. A $1.5 million Affordable Housing Program (AHP) grant from FHLB Dallas, provided through Arvest Bank, helped make the $11 million development possible. The media is encouraged to...

FHLB Dallas and Bonvenu Bank Provide $9K Grant to Help Louisiana Nonprofit Expand Transitional Housing and Life Skills Support for Women and Children

MINDEN, La.--(BUSINESS WIRE)--A $9,000 Partnership Grant Program (PGP) award from the Federal Home Loan Bank of Dallas (FHLB Dallas) and member Bonvenu Bank will help Phillip’s Cottage, a nonprofit providing transitional housing and support for women with children, expand its services. The funds are part of $1.8 million in PGP funds awarded in 2026 by FHLB Dallas and members in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas, and will enhance life skills program...

The Federal Home Loan Bank of Dallas and Members Award $703K to 19 Louisiana Community Organizations

NEW ORLEANS--(BUSINESS WIRE)--Twenty-six Louisiana community-based organizations received a combined $702,633 in grants from the Federal Home Loan Bank of Dallas’ (FHLB Dallas) Partnership Grant Program (PGP), part of more than $1.8 million awarded across FHLB Dallas’ five-state region. The Louisiana grants were celebrated today during an event in New Orleans, Louisiana, as FHLB Dallas marked the program’s 30th anniversary. The grants were awarded in partnership with 18 member institutions. “Th...
Back to Newsroom