The Federal Home Loan Bank of Dallas and Members Award More Than $557K to 43 Community Organizations
More than $557,000 in funding was awarded to 43 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 33 member institutions. FHLB Dallas members provided $157,250 in funding, and FHLB Dallas contributed another $400,000 in match-funding through its annual Partnership Grant Program (PGP).
Under the program, FHLB Dallas member institutions contribute $500 to $4,000 to a nonprofit, which FHLB Dallas matches at a 3:1 ratio to provide up to $12,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members. View the award recipients.
"With its matching funds, our Partnership Grant Program allows our members to leverage our funds to increase their support," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "Our members are very supportive of local community organizations and we re proud to stand with them in their endeavors."
Shelia Grayson, vice president, CRA and community development officer at Origin Bank in Ruston, Louisiana, said PGP funds have benefited many local organizations.
"As a community bank, we focus heavily on supporting grassroots organizations in our communities that are doing good for others, and FHLB Dallas' Partnership Grant Program allows us to multiply our efforts with its 3:1 matching grant," Ms. Grayson said. "Our partnership with FHLB Dallas fosters positive relationships with small nonprofits that may struggle to raise operational and administrative funding."
The PGP may be used for:
View this PGP video to see a complete list of the 2023 PGP grant recipients. For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $174 billion as of June 30, 2023, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.
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