Cadence Bank and FHLB Dallas Award $6K to Affordable Housing Nonprofit
BY Business Wire | AGENCY | 11/10/22 04:53 PM ESTChristmas in April Grenada Repairs Homes for the Elderly, Disabled and Families with Children
GRENADA, Miss.--(BUSINESS WIRE)--
Cadence Bank
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110006139/en/
Christmas in April, a Grenada, Mississippi, community organization, plans to use the grant toward expenses for social services. PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities.
?Christmas in April has repaired nearly 300 homes in this area,? said Ritchie Hampton, president of the DeSoto County, Mississippi, market at Cadence Bank
Awarded annually through FHLB Dallas? member institutions, PGP funds help promote and strengthen relationships between community-based organizations and FHLB Dallas members. FHLB Dallas matches member contributions of $500 to $4,000 at a 3:1 ratio.
?So many homeowners are placed in the position of choosing between paying for vital necessities, such as food and medicine, or for home repairs,? said Kim McRee, executive director of Christmas in April. ?With help from Cadence Bank
Christmas in April is one of nine nonprofits to receive PGP funding from Cadence Bank
?So many nonprofits operate on a shoestring budget, yet manage to do so much good for their communities,? said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. ?We?re thankful to be able to provide assistance through our member Cadence Bank.?
See the complete list of the 2022 PGP grant recipients. For more information about the 2022 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.
About Cadence Bank
Cadence Bank
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 $89.6 billion as of September 30, 2022, serves approximately 800 members and associated institutions across our five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas provides financial products and services including advances (loans to members) and grant programs for affordable housing and economic development. For more information, visit our website at fhlb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221110006139/en/
Source: Federal Home Loan Bank of Dallas