Banks Partner to Award $26K in Partnership Funds to Habitat for Humanity of Greater Jonesboro
Sep. 05, 2018
JONESBORO, Ark.--(BUSINESS WIRE)--Sep 5, 2018--IBERIABANK, BancorpSouth Bank, First Security Bank, Evolve Bank & Trust, First Community Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $26,000 in Partnership Grant Program (PGP) funds to Habitat for Humanity of Greater Jonesboro (Habitat) to help the organization with organizational capacity building.
Local dignitaries and bank representatives will award the funds at a check presentation at 1:00 p.m., Thursday, September 6, 2018, at Habitat’s offices at 520 West Monroe Avenue in Jonesboro, Arkansas. The media is encouraged to attend.
The mission of Habitat for Humanity of Greater Jonesboro is to provide training resources and volunteer opportunities to low-income residents to build and/or rehabilitate their own homes, which they will purchase at a zero percent interest rate.
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/20180905005815/en/
CONTACT: Federal Home Loan Bank of Dallas
Corporate Communications, 214-441-8445
KEYWORD: UNITED STATES NORTH AMERICA ARKANSAS
INDUSTRY KEYWORD: PHILANTHROPY PROFESSIONAL SERVICES BANKING OTHER PHILANTHROPY CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE FOUNDATION
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2018.
PUB: 09/05/2018 01:15 PM/DISC: 09/05/2018 01:15 PM