TMCnet News
HousingNOLA to Be Awarded $8K in Grants from Home Bank and FHLB DallasCommunity-based organization HousingNOLA will be awarded $8,000 in Partnership Grant Program (PGP (News - Alert)) funds from Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). HousingNOLA, dedicated to developing strategies for improving housing policies and addressing housing needs in New Orleans will use the grant to help offset operational and administrative expenses. The media is invited to the check presentation at 3:00 p.m., Thursday, December 14 at HousingNOLA. 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/20171211006217/en/ |
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