METAIRIE, La.–(BUSINESS WIRE)–Representatives from Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) joined Puentes New Orleans yesterday to award $6,000 in Partnership Grant Program (PGP) funds to the nonprofit, dedicated to helping Latinos in New Orleans overcome the obstacles that often keep them from purchasing homes.
The grant funds will help Puentes New Orleans in its effort to support its two-year college prep and career planning program designed to increase economic mobility for youth. The grant will support Puentes’ two-year college prep and career planning program designed to promote economic mobility for underserved immigrant youth. This program enrolls more than 80 immigrant youth at three area high schools.
“Without the PGP, our youth would have fewer resources and opportunities at such a crucial stage in their personal development and education,” said Salvador Longoria, executive director of Puentes. “This support goes a long way in helping us build a better and brighter future for them.”
FHLB Dallas’ PGP awards provide 3:1 matches of member contributions to provide grants up to $12,000 that help promote and strengthen relationships between community-based organizations and FHLB Dallas members. The PGP also complements the development activities fostered by FHLB Dallas’ Affordable Housing and Community Investment programs.
“Home Bank has found great value in utilizing the PGP over the years,” said Brandon Kelly, vice president and CRA officer at Home Bank. “Positively impacting the community through programs such as the PGP is vital to the bank’s mission.”
In 2018, FHLB Dallas has awarded $300,000 in Partnership Grant Program (PGP) funds through 31 member institutions to assist 32 community-based organizations. Combined with the $114,010 contributed by FHLB Dallas members, a total of $414,010 has been awarded to the organizations.
FHLB Dallas Vice President and Affordable Housing Program Manager Bruce Hatton said the Partnership Grant Program is beneficial for all parties involved.
“FHLB Dallas’ 3:1 match highlights the partnership aspect of the program, making it uniquely beneficial on different levels,” said Mr. Hatton. “Home Bank has the opportunity to strengthen its ties with the community and the community benefits from the partnership and funds.”
To learn more about the PGP, visit fhlb.com/pgp.
About Home Bank
With 39 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of its communities. Personal banking has always been Home Bank’s trademark, and that tradition continues as the company grows, invests and serves its clients and community. For more information about Home Bank, visit home24bank.com.
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 $75.9 billion as of June 30, 2018, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. Visit fhlb.com for more information.
Powered by WPeMatico