Louisiana Nonprofit receives $ 8,000 award from Home Bank and FHLB Dallas
METAIRIE, Louisiana – (COMMERCIAL THREAD) – Home Bank and Federal Home Loan Bank of Dallas (FHLB Dallas) recently joined together at a check presentation ceremony to award $ 8,000 to the Crescent City Community Land Trust (CCCLT) in Partnership Grant Program funds (PGP).
CCCLT helps low to moderate income residents buy their first home in New Orleans and its mission is to provide permanently affordable housing opportunities for generations through equitable residential and commercial development, community stewardship and housing defense.
CCCLT CEO Julius Kimbrough Jr. said the funds would go a long way to assist the community organization (CBO) with their first-time home buying program.
“Much of the community we serve has never owned or been able to afford a home, and closing costs can sometimes push home ownership out of reach for our buyers, ”said Kimbrough Jr. “Funding from the Partnership Grant program will help us continue to provide closing costs to first-time homebuyers.
Kelvin Luster, senior vice president and director of community development at Home Bank, said PGP is vital for community organizations like CCCLT.
“These funds can help nonprofits develop several important programs, ”said Luster. “Not only organizations benefit, but the community as well. The ability to help the community, and this grant, is a direct result of Home Bank’s partnership with FHLB Dallas.
For 2021, FHLB Dallas has awarded $ 400,000 in PGP grants, and its members have provided an additional $ 200,250 for an impact of more than $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, from New Mexico and Texas.
“I commend Home Bank for its strong commitment and commitment to organizations such as CCCLT, ”said Greg Hettrick, senior vice president and director of community investment for FHLB Dallas. “The PGP helps member institutions strengthen their relationships with community organizations and enables them to create impact in their communities.
See the full list recipients of PGP 2021 grants. For more information on PGP 2021 grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.
About Home Bank NA
Home Bank, NA, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in the parish of Lafayette. Over the years, we have expanded to serve markets in southern Louisiana and Mississippi: Acadiana, Baton Rouge, New Orleans, the North Shore of Lake Pontchartrain, St. Martin and Jeff Davis Parishes, as well as Natchez and Vicksburg. With 40 locations in southern Louisiana and western Mississippi, Home Bank is committed to meeting the needs of our communities. Personal banking has always been Home Bank’s trademark and this tradition continues as we grow, invest and serve our customers and our community. We live our values every day, focusing on integrity, innovation and commitment to serving others. For more information on Home Bank, visit www.home24bank.com.
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 established by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a co-operative owned by its members which 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.