Federal Home Loan Bank of Dallas Awards $225K in Partnership Grants through Member Institutions

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Federal Home Loan Bank of Dallas Awards $225K in Partnership Grants through Member Institutions

DALLAS, Aug. 30, 2013 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Dallas (Bank) is pleased to announce it has awarded $225,000 through its Partnership Grant Program (PGP) to assist 22 community-based organizations with their operational needs.

Partnership grants are offered through FHLB Dallas member institutions. The grants provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member’s cash contributions to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Collectively, FHLB Dallas and its member institutions awarded $309,250 in total grants to community-based organizations in 2013.

“The PGP remains one of the Bank’s most utilized programs,” said Bank President and CEO Terry Smith. “The demand for the program has again prompted our Board of Directors to allocate funds to help organizations in our members’ communities meet their operational needs, and free up funding to accomplish their affordable housing missions.”

This year’s partnership grants were issued to 25 member institutions. Several organizations received funding from multiple members.

Any FHLB Dallas member in good standing is eligible to participate in the program. Listed below are the Bank’s 2013 PGP contributions:

TEXAS

Austin

Member: Frost Bank
Sponsor: Accessible Housing Austin!
Grant: $7,500

Member: Rio Grande Valley Multibank
Sponsor: Texas Association of CDCs
Grant: $15,000

Member: Rio Grande Valley Multibank
Sponsor: Texas Community Capital
Grant: $15,000

Dallas

Member: Green Bank, N.A.
Sponsor: Rebuilding Together Greater Dallas
Grant: $6,000

Member: Amegy Bank
Sponsor: Rebuilding Together Greater Dallas
Grant: $3,000

Houston

Member: Green Bank, N.A.
Sponsor: The Women’s Resource of Greater Houston
Grant: $4,500

Member: Comerica Bank
Sponsor: Houston Citizens Chamber Foundation
Grant: $15,000

Member: Green Bank, N.A.
Sponsor: Credit Coalition
Grant: $750