The Credit Coalition to Receive $22K Grant from CommunityBank of Texas & FHLB Dallas
21 August 2017 - 11:25PM
Business Wire
11:00 a.m., Friday, August 25, 9 Greenway
Plaza, Houston, Texas
The Credit Coalition, a nonprofit organization providing free
homebuyer and financial education to the greater Houston and
Beaumont/Port Arthur areas, will be awarded a total of $22,000 in
Partnership Grant Program (PGP) funds from the Federal Home Loan
Bank of Dallas (FHLB Dallas) with additional contributions from
CommunityBank of Texas. The Credit Coalition will use the funding
to continue providing its services at no cost to qualified
consumers.
The media is invited to the check presentation at 11:00 a.m.,
Friday, August 25, 2017, at the CommunityBank of Texas, located at
9 Greenway Plaza, Suite 110 in Houston, Texas.
PGP awards provide grants to community-based organizations
(CBOs) of up to $12,000. The funds may be used for research,
organizational capacity-building, grant- and funding-application
assistance, or contractual services. Through the PGP, FHLB Dallas
matches a member’s contribution to a CBO of $500 up to $4,000 at a
3:1 ratio for a maximum $12,000 contribution from FHLB Dallas.
Members may contribute more than the $4,000 amount required to
maximize the FHLB Dallas contribution, increasing the total amount
to the organization. The grants are offered via a lottery system
once a year through FHLB Dallas members. In 2017, FHLB Dallas
awarded $300,000 in PGP funds through 31 member institutions to
assist 30 CBOs. Combined with the $104,550 contributed by FHLB
Dallas members, a total of $404,550 was awarded to the
organizations. For more information, visit fhlb.com.
WHAT:
Check Presentation
WHEN:
11:00 a.m., Friday, August 25, 2017
WHO:
Travis Jaggers, President,
CommunityBank of Texas
Brandi Gregg, Executive Vice
President & Chief Compliance Officer, CommunityBank of
Texas
Ashley Warren, Marketing &
Events Director, CommunityBank of Texas
Catherine Hardy, District Director,
Office of State Representative Sarah Davis (District 134)
Sherrie Young, Executive Director
& Housing Counselor, Credit Coalition
Denise Schmitt, Community
Investment Operations Manager, FHLB Dallas
WHERE:
CommunityBank of Texas
9 Greenway Plaza, Suite 110 Houston, Texas 77046
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version on businesswire.com: http://www.businesswire.com/news/home/20170821005872/en/
Federal Home Loan Bank of DallasCorporate Communications,
214-441-8445fhlb.com