Banks Announce $28K to Benefit Low-Income Homebuyers
COVINGTON, La.--(BUSINESS WIRE)--Sep 20, 2018--IBERIABANK, Home Bank, Hancock Whitney Bank, First Bank & Trust and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $28,000 in Partnership Grant Program (PGP) funds to Northshore Housing Initiative for operational sustainability, a paid marketing intern and other expenses.
Local dignitaries and bank representatives will award the funds at a check presentation at 11:00 a.m., Thursday, September 20, 2018, at Northshore Community Foundation at 807 N. Columbia Street on the 2 nd floor in Covington. The media is encouraged to attend.
Northshore Housing Initiative (NHI) makes homeownership a reality for low- to moderate-income families seeking affordable workforce housing.
The structure of the PGP allows FHLB Dallas member institutions to make a contribution of $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas will match at a 3:1 ratio.
For more information about the PGP, visit .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005036/en/
CONTACT: Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA TEXAS
INDUSTRY KEYWORD: OTHER CONSUMER PROFESSIONAL SERVICES BANKING CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE CONSUMER
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2018.
PUB: 09/20/2018 06:25 AM/DISC: 09/20/2018 06:25 AM