$8K Grant from Federal Home Loan Bank of Dallas and Planters Bank Offers Cooling Relief to Mississippi Homeowner
28 Junio 2024 - 5:09PM
Business Wire
Grant Covered Cost of New Air Conditioning
Unit
Doddsville, Mississippi, resident Stella Groves has endured many
Mississippi summers, but this one would have been unbearable due to
a broken air conditioning system. However, a more than $8,000
Special Needs Assistance Program (SNAP) grant from the Federal Home
Loan Bank of Dallas (FHLB Dallas) through member Planters Bank
provided cooling relief in the form of a new air conditioning
system.
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A Mississippi homeowner proudly points to
the new air conditioner she was able to install thanks to an $8,000
Special Needs Assistance Program grant from Federal Home Loan Bank
of Dallas. (Photo: Business Wire)
Through FHLB Dallas member institutions, SNAP grants provide
funding for the repair and rehabilitation of owner-occupied housing
of eligible, special-needs individuals such as the elderly and
disabled. FHLB Dallas set aside $2 million of its 2024 Affordable
Housing Program funds for SNAP.
Ms. Groves has lived in her current home for 27 years. The air
conditioning was not the only item that needed attention, but it
was one of the most pressing ones.
“I’m having problems with the water, floor and windows. But
thanks to the SNAP grant, I have one less problem to deal with; it
can get pretty hot out here and I’m relieved to have a new air
conditioning unit,” Ms. Groves said.
Planters Bank has used SNAP grants to improve the welfare of
some of the most vulnerable in the community.
“Ensuring residents can stay cool during the sweltering summer
goes beyond just comfort — it’s about dignity and well-being,” said
Planters Bank CRA Officer Paula Gagnier. “We are honored to play a
part in ensuring that Ms. Groves and other senior residents from
our community can live safely and comfortably in their homes.”
SNAP helps preserve housing affordability in communities with
limited resources, said Greg Hettrick, senior vice president and
director of Community Investment at FHLB Dallas.
“We’re glad to have partners across our communities who ensure
that no one slips through the cracks,” he said.
For more information about the SNAP, visit
fhlb.com.
About Planters Bank
Currently headquartered in Indianola, Mississippi, Planters Bank
has grown from one bank nestled in the rich soil of Ruleville to
over 22 locations spanning communities in Mississippi, Tennessee
and Louisiana. As it grows, Planters Bank continues to pride itself
on giving back to local communities while providing outstanding
service to customers.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks
in the FHLBank system created by Congress in 1932. FHLB Dallas,
with total assets of $125.1 billion as of March 31, 2024, is a
member-owned cooperative that supports housing and community
development by providing competitively priced advances and other
credit products to approximately 815 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico and
Texas. Visit fhlb.com for more information.
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Corporate Communications Federal Home Loan Bank of Dallas
fhlb.com (214) 441-8445