Mountain of Faith Ministries Receives $8K in Funds from Home Bank and FHLB Dallas
VICKSBURG, Miss.--(BUSINESS WIRE)--Sep 12, 2019--
Thanks to $8,000 in Partnership Grant Program (PGP) funds awarded by Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas), Mountain of Faith Ministries will be able to offer more efficient services in providing homeless women and children with food, shelter and support in Vicksburg, Mississippi. The funds – announced yesterday at a check presentation in Vicksburg – will be used to cover operational and maintenance costs for the organization.
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Home Bank and FHLB Dallas awarded $8,000 in Partnership Grant Program funds to Mountain of Faith Ministries, which works to provide support to homeless women and children in Vicksburg, Mississippi. (Photo: Business Wire)
Representatives from the banks were joined by the organization’s leadership and local elected officials such as Mississippi State Representative Kevin Ford, R-54, at the check presentation.
Mountain of Faith Ministries offers the only women’s shelter in Warren County. The organization provides temporary, transitional and permanent housing for women and children who are experiencing homelessness.
Betty James, executive director for Mountain of Faith Ministries, said that access to social services, support, health care, employment and housing is the key to the organization’s success.
“My staff has not been paid since March simply because we don’t have the proper funds or cash flow,” said Ms. James. “I do what I have to do because I will see my blessings in the long run. I’m so thankful for the partnership of Home Bank and FHLB Dallas to provide our organization the funds needed to operate and help an underserved population.”
With the PGP, FHLB Dallas member institutions like Home Bank contribute $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas matches at a 3:1 ratio. This year, FHLB Dallas awarded $300,000 in PGP funds through 25 member institutions to assist 27 CBOs. Combined with FHLB Dallas member contributions, a total of $442,500 has been awarded to the organizations.
Brandon Kelly, vice president, community reinvestment act officer at Home Bank, said grants such as the PGP enable institutions to help those that need it most.
“The Vicksburg community flourishes when institutions work with nonprofits and spread awareness about their mission,” said Mr. Kelly. “Home Bank is committed to serving our community in any way possible through the PGP.”
Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas, said the PGP offers a unique service to member institutions.
“The Partnership Grant Program helps strengthen relationships between community-based organizations and community financial institutions,” Mr. Hettrick said. “Thanks to Home Bank for their strong engagement in the Vicksburg community to improve the lives of homeless women and children.”
To learn more about the PGP, visit fhlb.com/pgp
About Home Bank
With 39 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of its communities. Personal banking has always been Home Bank’s trademark, and that tradition continues as the company grows, invests and serves its clients and community. For more information about Home Bank, visit 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 created by Congress in 1932. FHLB Dallas, with total assets of $74.5 billion as of June 30, 2019, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 810 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.
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CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
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SOURCE: Federal Home Loan Bank of Dallas
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PUB: 09/12/2019 10:09 AM/DISC: 09/12/2019 10:09 AM