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Committee for a Better New Orleans to be Awarded $16K GrantNew Orleans metro media outlets are encouraged to attend the presentation of a $16,000 Partnership Grant Program (PGP (News - Alert)) award from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Gulf Coast Bank & Trust to the Committee for a Better New Orleans, which celebrates its 50th anniversary this year. The grant will be used for product development research, community events, and support materials for two community programs. The first is The Big Easy Budget Game, which gives residents an opportunity to create their own versions of the New Orleans city budget. The citizens' budgets will be presented to the mayor and City Council. Secondly, the Lower 9th Ward Participatory Budgeting program will give residents of this still-devastated area an opportunity to select their priority projects. 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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