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Banks Announce $28K to Benefit Low-Income Homebuyers

September 20, 2018

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

fhlb.com

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

http://www.businesswire.com/news/home/20180920005036/en

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