FHLB Dallas and Eight of its Members Award $283K to DFW Nonprofits

Grants Provided Through FHLB Dallas? Partnership Grant Program

DALLAS--(BUSINESS WIRE)-- Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and eight of its members awarded $283,000 in grants to eight nonprofits in DFW. The awards were part of more than $1.2 million awarded to community groups through the Partnership Grant Program (PGP) and were celebrated during an event today at FHLB Dallas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121129703/en/

?The PGP gives us the opportunity to partner with our financial institution members to connect with community organizations that may not have the staff or the budget to access major grant funding,? said FHLB Dallas President and CEO Sanjay Bhasin. ?Some of our grant recipients are small in terms of budgets and staff, but their work has been impactful and inspirational. It?s our hope that these grants will help support them in the good work they already do.?

All eight organizations receiving grants were in attendance.

U.S. Representative Marc Veasy, TX-33, whose district includes parts of both Dallas and Tarrant counties, commended the work of the awardees.

?These organizations are making a real difference in our communities by addressing critical needs in affordable housing, education and community development,? he said. ?Local nonprofits are at the heart of our neighborhoods ? they know the issues, they understand the people and they deliver results. As we move into 2025, I?m committed to continuing to support these vital organizations that are working every day to improve access to housing, economic opportunities, healthcare and education for all.?

Under the Partnership Grant 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.

The following organizations and the FHLB members that helped fund the grants were celebrated during the event:

• BH365 Education Foundation, Dallas: $9,000
  • Veritex Community Bank

• Ferguson Road Initiative, Dallas: $30,000
  • Charles Schwab Bank

• Renaissance Heights Foundation, Fort Worth: $30,000
  • Charles Schwab Bank

• South Dallas Fair Park Innercity Community Development Corp. (CDC), Dallas: $64,000
  • Charles Schwab Bank
  • Inwood National Bank
  • Woodforest National Bank

• SP 1600 Pennsylvania Avenue, Dallas: $30,000
  • Independent Financial Bank

• Stars United Global Outreach, Grand Prairie: $30,000
  • Centennial Bank

• Youth With Faces, Dallas: $30,000
  • Oakwood Bank

• Zan Wesley Holmes, Jr. Community Outreach Center, Dallas: $60,000
  • American First National Bank
  • Oakwood Bank

For more information about PGP, visit fhlb.com/pgp.

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 $129.4 billion as of September 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 fhlb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121129703/en/

Source: Federal Home Loan Bank of Dallas