Media Advisory: Lea County State Bank and FHLB Dallas to Award $16K to Affordable Housing Nonprofit

BY Business Wire | AGENCY | 10/11/22 05:56 PM EDT

***11:00 a.m. Thursday, October 13, 301 E. Navajo Drive, Hobbs, NM 88240***

HOBBS, N.M.--(BUSINESS WIRE)-- Lea County State Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $16,000 in Partnership Grant Program (PGP) funds to Habitat for Humanity of Hobbs, New Mexico Area (Hobbs Habitat). Hobbs Habitat provides affordable mortgages and uses volunteers to help homeowners build their own homes. The funds will be awarded at a ceremonial check presentation Thursday, October 13. Media is encouraged to attend.

PGP grants are awarded annually through FHLB Dallas? member institutions to help promote and strengthen relationships between community-based organizations and FHLB Dallas members. FHLB Dallas provides up to a 3:1 match of member contributions from $500 to $4,000 to provide up to $12,000 in matched funding.

Hobbs Habitat will use the grant for contractual services to develop a new subdivision that includes 14 homes to be sold to families at cost. Hobbs Habitat also plans to use funds for new office equipment.

WHAT:

Check presentation for Habitat for Humanity of Hobbs

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WHEN:

11:00 a.m. Thursday, October 13, 2022

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WHO:

Dickie Wall, Senior Vice President, Lea County State Bank

Alfonso Cisneros, Vice President, Lea County State Bank and Board Member, Habitat For Humanity of Hobbs

Richard Sanchez, Executive Director, Habitat for Humanity of Hobbs New Mexico Area

Kathie Wiseman, Administrative Assistant, Habitat for Humanity of Hobbs New Mexico Area

Melanie Dill, Community and Economic Development Product Manager, FHLB Dallas

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WHERE:

Offices of Habitat for Humanity of Hobbs New Mexico Area

301 E. Navajo Drive, Hobbs, NM 88240

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Source: Federal Home Loan Bank of Dallas

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