FHLBank Dallas Awards $225K In Partnership Grants

Posted by Orb Staff on September 04, 2012 No Comments
Categories : Residential Mortgage

12311_dollar_circle FHLBank Dallas Awards $225K In Partnership Grants The Federal Home Loan Bank of Dallas (FHLBank Dallas) has awarded $225,000 through its Partnership Grant Program (PGP) to assist 22 community-based organizations with their operational needs.

This year's partnership grants were issued to 24 FHLB Dallas member institutions. The grants provide funding for the operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches a member's cash contributions to a community-based organization of $500 up to $5,000 at a 3:1 ratio. Collectively, FHLB Dallas and its member institutions awarded $314,033 in total grants to community-based organizations this year.

‘The PGP is one of the bank's most popular grant programs,’ says Terry Smith, president and CEO of FHLBank Dallas. "Through the program, our members are able to leverage PGP funds to assist worthwhile organizations in the communities they serve. These funds help the organizations meet their operational needs, often allowing them to use their other funds to accomplish their affordable housing missions.’

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