[September 10, 2017]

Habitat for Humanity of Independence County, Arkansas to Receive $8K Grant from First Community Bank and FHLB Dallas

Habitat for Humanity of Independence County (HFHIC) will be awarded $8,000 in Partnership Grant Program (PGP (News - Alert)) funds in a check presentation from the Federal Home Loan Bank of Dallas (FHLB Dallas) and First Community Bank, an FHLB Dallas member institution. The nonprofit will use the funds to help with staff expenses and grow its ReStore nonprofit home improvement and décor store in Batesville, Arkansas. The ReStore proceeds support HFHIC's building of one home per year. The media is invited to the check presentation at 1:30 p.m., Monday, September 11, 2017, in Batesville, Arkansas.

PGP awards provide grants to community-based organizations (CBOs) of up to $12,000. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through the PGP, FHLB Dallas matches a member's contribution to a CBO of $500 up to $4,000 at a 3:1 ratio for a maximum $12,000 contribution from FHLB Dallas. The grants are offered via a lottery system once a year through FHLB Dallas members. In 2017, FHLB Dallas awarded $300,000 in PGP funds through 31 member institutions to assist 30 CBOs. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations. For more information, visit fhlb.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170910005006/en/

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