[August 08, 2016]

Habitat for Humanity Texas to Receive $10K Grant from Frost Bank and FHLB Dallas

The Federal Home Loan Bank of Dallas (FHLB Dallas) and member institution Frost Bank will present a $10,000 Partnership Grant Program (PGP (News - Alert)) check August 9, 2016, to Habitat for Humanity Texas (HFHTX) at the nonprofit's annual Lone Star Summit. The ceremonial check presentation will take place at 11:00 a.m. Tuesday, August 9, 2016, at the Embassy Suites Hotel and Conference Center in San Marcos, Texas. The media is encouraged to attend.

HFHTX provides its statewide affiliates with training, technical assistance, and resource development that takes advantage of economies of scale. The PGP funds will be used to hire a fundraising consultant to help solicit sponsors and exhibitors for its annual conference. This is the third PGP grant by Frost Bank to HFHTX since 2007. Since 2005, Frost Bank has awarded 14 PGP grants to community-based organizations (CBOs).

PGP awards provide grants up to $12,000 to CBOs. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through PGP awards, FHLB Dallas matches a member's contribution to a CBO of $500 up to $4,000 at a 3:1 ratio. The grants are offered via a lottery system once a year through FHLB Dallas members. In 2016, FHLB Dallas awarded $225,000 in PGP funds. Combined with the $96,200 contributed by the Bank's members, a total of $321,200 was awarded to CBOs to help with their operational needs. For more information, visit fhlb.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160808006162/en/

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