TMCnet News
Allegiance Bank Received $382K in Special Disaster Recovery Grants from FHLB DallasAllegiance (News - Alert) Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $382,000 in disaster recovery grants to assist 32 Houston homeowners, seven businesses and three community groups with recovery efforts in response to damage caused by Hurricane Harvey in August 2017. The banks will announce the funds at 10:00 a.m. Friday, March 9, at Deluxe Theatre at 3303 Lyons Avenue in Houston, Texas. The media is encouraged to attend. Interview opportunities with homeowners and business owners will be available. In response to the devastation caused by Hurricane Harvey, FHLB Dallas made available more than $6.7 million through three grant programs: $4.25 million to help the employees of member institutions, like Allegiance Bank, with their recovery efforts. Those funds were later opened up to the general public and Allegiance assisted 21 homeowners. Another $2.25 million was made available to assist small businesses with their recovery efforts and $225,000 was made available to support community-based organizations (CBOs) involved in the recovery efforts. For more information about FHLB Dallas community recovery programs, visit fhlb.com/communityadvances.
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