[December 15, 2017]

Banks Partner to Award $16K in Grants to Committee for a Better New Orleans

Committee for a Better New Orleans will be awarded $16,000 in Partnership Grant Program (PGP (News - Alert)) funds from Gulf Coast Bank and Trust and the Federal Home Loan Bank of Dallas (FHLB Dallas). Dedicated to creating opportunity by developing community leaders, fostering civic engagement and advocating for open and accountable government in New Orleans, the organization will use the grant to support the mandatory review and amendment process for the city's Master Plan and the municipal elections.

The media is invited to the check presentation at 2:00 p.m., Friday, December 15, 2017.

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/20171215005008/en/

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