updated 12/28/2010 3:47:39 PM ET 2010-12-28T20:47:39

TYLER, Texas, Dec. 28, 2010 (GLOBE NEWSWIRE) -- Habitat for Humanity of Smith County, the City of Tyler, First Federal Bank of Texas, the Federal Home Loan Bank of Dallas (FHLB Dallas), and a number of Community Services organizations will join forces to provide emergency repair to the home of Tyler resident Olivia Clark.

Ms. Clark, 56, is disabled due to a car accident and lives in a home that has been in her family for 40 years. The home has fallen into such a state of disrepair that when it rains, it rains into her house. The ceilings sag to the extent that Ms. Clark is afraid the house is going to collapse on her.

"I called Ms. Clark one day when it was raining, just to check on her," said Rick Walla, program manager of the ReHabitat program of Habitat for Humanity of Smith County (ReHabitat). "She was sitting on her front porch, afraid to go inside. Any time it rains, she sits on her porch and cries because she knows it's too dangerous to stay inside her house."

Thankfully, help for Ms. Clark is on its way. ReHabitat received funding through First Federal Bank of Texas for a $110,000 Affordable Housing Program (AHP) grant, made available by FHLB Dallas. The grant was awarded in 2010 to assist qualified Smith County residents, such as Ms. Clark, with emergency home repairs. The AHP funds will be used to replace Ms. Clark's roof, decking and rafters. 

"It is truly rewarding for FHLB Dallas to be a part of a project that will make such a significant impact on Ms. Clark's life and well being," said Greg Hettrick, vice president and director of community development at FHLB Dallas. "The collaboration of the different community-based organizations is a tribute to Habitat for Humanity of Smith County's ability to get things done. This work will help Ms. Clark restore her home so that she may continue to live in it without worry. This ReHabitat project will also bring people together from across the area to work for the greater good of the Tyler community."

In addition, the City of Tyler, through its Neighborhood Services Department, will spend up to $5,000 to repair interior walls and ceilings that have rotted due to extensive water damage. 

Funds from the U.S. Department of Energy will assist Community Services, a weatherization company in Corsicana, Texas, in providing new insulation, solar window screens, and a new air conditioner.

"Usually when a house is in this state of disrepair, the city will spend approximately $70,000 to demolish and rebuild it," said Jim Wooldridge, director of Habitat's ReStore program. "This collaborative project will save the city an estimated $65,000 since they won't have to demolish and rebuild Ms. Clark's home."

Other organizations involved in the project include Mission Tyler, whose volunteers will paint Ms. Clark's home. ReHabitat will provide the paint, which was donated by Valspar Paints.

The entire project is scheduled to start the first of January and will take approximately three to four weeks to complete. Value Place Motel will provide lodging for Ms. Clark while the interior of her house is being repaired.

"We are honored to be part of this collaborative effort," said Angela Hestand, Value Place property manager.

This collaborative effort is the result of Ms. Clark's perseverance to find a solution to her dire housing needs. After making several attempts to get help, Ms. Clark took the initiative and approached Mayor Barbara Bass at a funeral and explained her situation. Mayor Bass called Habitat for Humanity, and soon other organizations were on board to help with Ms. Clark's home repairs.

A media event announcing the project will take place at 2113 Ben Street in Tyler on Wednesday, December 29, 2010, at 10:00 a.m. CST, and all media is welcome to attend. Representatives from Habitat for Humanity of Smith County, First Federal Bank of Texas, and FHLB Dallas will join Ms. Clark, as well as Tyler Mayor Barbara Bass, and State Representative Leo Berman for the event. Representatives from each organization will be available for interviews and photo opportunities.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $51.6 billion as of September 30, 2010, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas web site at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013

CONTACT:  Federal Home Loan Bank of Dallas
          Corporate Communications
          (214) 441-8445
          www.fhlb.com

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