METAIRIE, La. — Red River Bank, alogn with The Federal Home Loan Bank of Dallas, is marking more than $12 million in grant funding delivered across Louisiana through its 25-year partnership with the Federal Home Loan Bank of Dallas, supporting affordable housing, disaster recovery and economic development initiatives statewide.
The funding, distributed through multiple FHLB Dallas programs, has helped expand housing access, strengthen homes against severe weather, assist disaster recovery efforts and support nonprofit and community development projects throughout Louisiana communities served by Red River Bank.
“These grants have allowed us to support affordable housing, help families and businesses rebuild after disasters and invest in long-term economic growth across Louisiana,” said Jannease Seastrunk, senior vice president, community relations and CRA officer of Red River Bank. “Our long-term partnership with FHLB Dallas has been instrumental in turning that commitment into action.”
To commemorate the milestone, Red River Bank and FHLB Dallas hosted a series of ceremonial check presentations Dec. 8-9 at multiple locations across the state, highlighting the decades-long relationship between the two institutions.
Grant funding secured through Red River Bank over the past 25 years includes approximately $6 million from the Affordable Housing Program to expand access to housing, nearly $800,000 in disaster recovery grants following natural disasters and nearly $1.1 million from the FHLB Dallas FORTIFIED Fund to help homeowners strengthen properties against future severe weather events.
Additional funding includes $2.6 million in down payment assistance through the Homebuyer Equity Leverage Partnership, more than $260,000 through the Partnership Grant Program to support nonprofit organizations, $380,800 in Special Needs Assistance Program grants for critical home repairs and more than $320,000 from the Pathway Fund to help resolve title and homeownership issues.
“This long-standing partnership with Red River Bank exemplifies the power of collaboration in building strong, resilient communities,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas.
Red River Bank, founded in Alexandria in 1999, operates 28 banking centers across Louisiana and maintains loan and deposit production offices in New Orleans and Lafayette. The bank serves markets including Central Louisiana, Shreveport-Bossier City, Baton Rouge, Lake Charles, Acadiana, the Northshore and New Orleans. Red River Bank is a subsidiary of Red River Bancshares Inc., which trades on the Nasdaq Global Select Market under the symbol RRBI.