Saturday, April 20, 2024

Five Banks to Award More Than $34K to Shreveport Housing Nonprofit

by BIZ Magazine

Representatives from Cadence Bank, Hancock Whitney, Origin Bank and Red River Bank will join with the Federal Home Loan Bank of Dallas (FHLB Dallas) to award $34,200 in Partnership Grant Program (PGP) funds to The Fuller Center for Housing of Northwest Louisiana (The Fuller Center NWLA) during a ceremonial check presentation Wednesday.

The Fuller Center NWLA builds new homes for low-income homebuyers who are unable to obtain adequate financing through other conventional means. Recipients receive a no-interest mortgage and affordable payments.

FHLB Dallas provides 3:1 matches of member contributions to provide grants up to $12,000 per member to help promote and strengthen relationships between Community Based Organizations (CBOs) and FHLB Dallas members. The PGP also complements development activities fostered by FHLB Dallas’ Affordable Housing and Community Investment programs. 

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