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More Than $442K Awarded in PGP Funds to Support Community-Based Organizations
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The Federal Home Loan Bank of Dallas (FHLB Dallas), in partnership with 25 member institutions, awarded $442,500 in Partnership Grant Program (PGP) funds alongside member institutions to 27 community-based organizations (CBO). Read more |
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| Small Business Boost Program Helps Mississippi Restaurant |
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Cameron Parker, owner of HP Restaurant Group, LLC, was in need of a substantial loan to fund tenant improvements to a new Chicken Salad Chick franchise in Starkville, Mississippi. The restauranteur already had a 10-year lease on the property but needed additional collateral to fund the improvements on the would-be startup. Since
Mr. Parker did not own the property, the only lien a bank could hold on his business was on the furniture, fixtures and equipment (FFE) resulting in his business being undercollateralized. Read more |
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| AHP Grant Funded Housing for Young Adults Transitioning Out of Foster Care |
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According to the National Foster Youth
Institute, more than 23,000 children age out of the U.S. foster care system every year, 20 percent of whom become instantly homeless. Read more |
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Red River Bank Awards More Than $1 Million for
Special-Needs Housing |
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Nestled in Boyce, Louisiana, is St. Mary’s Residential Training School (St. Mary’s), a unique educational environment for more than 200 children and adults with severe to profound developmental disabilities. Accommodating students ranging from 5 to 35 years of age, St. Mary’s mission is to provide every person the opportunity to develop to his or her full potential. The organization strives to provide just that — an educational environment that provides meaningful jobs, builds a sense of belonging and promotes respect and dignity for individuals with disabilities. Read more |
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| $50K in Disaster Rebuilding Assistance Funds Assists Texas Families After Floods
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In June 2018, no one expected a flooding disaster to occur and impact south Texas as deeply as it did. Towns in the Rio Grande Valley were submerged after record-breaking rainfall, some
locations receiving up to 15 inches of rain in the course of 72 hours. Read more |
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Around the District
U.S. Congressman Colin Allred, D-TX, joined Veritex Community Bank and FHLB Dallas for a home tour and build with Habitat for Humanity of Greater Garland.
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U.S. Congressman Kevin Brady, R-TX, joined Frost Bank and FHLB Dallas on a tour of the Adult and Teen Challenge of Texas in Magnolia, Texas.
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U.S. Congressman Bennie Thompson, D-MS, attended a walking tour of the Reserves of Gray Park with Planters Bank and Trust Company and FHLB Dallas, in Greenville, Mississippi.
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U.S. Congressman Michael Cloud, R-TX, joined FHLB Dallas to celebrate $5,000 in funds awarded to Golden Crescent Habitat for Humanity in Refugio, Texas.
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