DALLAS, Oct. 4, 2010 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce it has awarded $225,000 in Partnership Grant Program (PGP) awards to assist 18 community-based organizations with operating costs.
Partnership grants are offered through FHLB Dallas's member institutions, and are awarded on a first-come, first-served basis. The grants provide funding for operational needs of community-based organizations involved in affordable housing and community development. FHLB Dallas matches member's cash contributions to a community-based organization of $500 up to $5,000 at a 3:1 ratio; therefore, the maximum Partnership grant is $15,000.
This year, partnership grants were awarded through 28 FHLB Dallas member institutions to assist organizations within FHLB Dallas's five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Combined with the member contributions, a total of $308,000 in grant funds were awarded to the community-based organizations. A complete list of the partnership grant recipients is available on FHLB Dallas's web site at fhlb.com/community/ahp_partnership.html.
For more information on FHLB Dallas's PGP or its other grant programs, please contact the Community Investment Department at 800.362.2944, or visit FHLB Dallas's web site.
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 $57.1 billion as of June 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