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IBERIABANK to Award $20K in Grants to Two NonprofitsThe Federal Home Loan Bank of Dallas (FHLB Dallas) and member institution IBERIABANK will present a $12,000 Partnership Grant Program (PGP (News - Alert)) award to Puentes New Orleans and an $8,000 PGP grant to the Urban Conservancy at 3:00 p.m., Tuesday, August 23. The event will be held at the IBERIABANK offices, Pan American Building, 21st floor, 601 Poydras Street, New Orleans, Louisiana 70130. The media is encouraged to attend. Puentes New Orleans will use the grant to build the capacity of their Economic Asset Building Program. This program provides consumer credit counseling, first-time homebuyer education, and business consulting to the low- to moderate-income Latino community in New Orleans. The Urban Conservancy will use the grant to staff, market, and hold a series of educational workshops, presentations, and networking events for the Greater New Orleans' small-business community. The Urban Conservancy was established in 2001 to educate members of the community about entrepreneurship and how local investments and commerce can help build stronger, more resilient neighborhoods across New Orleans. PGP awards provide grants up to $12,000 to community-based organizations (CBO). 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.
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