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The Federal Home Loan Bank of Dallas and Members Award More Than $1.2M to 47 Community Organizations

BY Business Wire | AGENCY | 09/16/24 04:22 PM EDT

The Partnership Grant Program Provides 5:1 Match of Members? Donations

DALLAS--(BUSINESS WIRE)-- More than $1.2 million in funding was awarded to 47 community-based organizations by the Federal Home Loan Bank of Dallas (FHLB Dallas) and 41 member institutions. FHLB Dallas members provided $224,914 in funding, and FHLB Dallas contributed another $1 million in match-funding through its annual Partnership Grant Program (PGP).

Under the program, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members. View the 2024 award recipients.

?With its 5:1 matching funds protocol, our Partnership Grant Program gives our members the opportunity to make a difference in their communities,? said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. ?It?s an effective way to help community-based organizations continue to thrive.?

The PGP may be used for:

  • Organizational capacity building
  • Assistance with applying for grants and other funding sources
  • Research and studies
  • Contractual services
  • Social services

For more information about the 2024 PGP grants and other FHLB Dallas community investment products and programs, please visit our website.

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 $126.2 billion as of June 30, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at fhlb.com.

Source: Federal Home Loan Bank of Dallas

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