Arkansas Homeowner Receives FORTIFIED-Designated Roof from Federal Home Loan Bank of Dallas and Simmons Bank
25 Julio 2024 - 12:19PM
Business Wire
Storm-Resistant Roofing in Hurricane-Prone
Locations Gains Interior Foothold
A homeowner in Batesville, Arkansas, is the proud owner of a
storm-resistant roof thanks to a $14,750 grant from the Federal
Home Loan Bank of Dallas (FHLB Dallas), awarded through its member
Simmons Bank.
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A homeowner in Batesville, Arkansas, seen
here with her daughter, is the proud owner of a storm-resistant
roof funded by the Federal Home Loan Bank of Dallas through Simmons
Bank that is fortified to withstand damage from wind, hail and
thunderstorms. (Photo: Business Wire)
The roof is installed to the FORTIFIED roof standard to
withstand damage from high wind, hail and thunderstorms.
Through its FHLB Dallas FORTIFIED Fund, FHLB Dallas has made
available $4 million this year through members. The funds will
assist homeowners and qualified nonprofits with individual grants
of up to $15,000 to replace an existing roof and up to $7,500 for
new construction roofs.
“Having a child at home, you want to be sure they are safe,”
said Batesville, Arkansas, homeowner Dulce Walker. “Knowing I have
a great roof gives me peace of mind. I am impressed, amazed and
very grateful.”
Greg Hettrick, senior vice president and director of Community
Investment at FHLB Dallas, said the fund is growing in popularity
as a proactive way to protect homes against severe weather.
“We encourage our members and homeowners to learn how our fund
might help them,” he said. “These roofs have the potential to help
communities bounce back faster when severe weather hits.”
Latriana Robertson, community development specialist at Simmons
Bank, said Simmons Bank was drawn to the fund’s resilient
approach.
“This fund is a great way to be proactive, and we are thrilled
to be able to assist Ms. Walker in that effort,” she said.
FORTIFIED is a voluntary construction and re-roofing program
developed by the Insurance Institute for Business & Home Safety
(IBHS). The method is proven to strengthen homes against severe
weather. On the Gulf Coast, these roofs are being used in
hurricane-prone areas, but they remain less common in tornado-prone
interior states.
IBHS President and CEO Roy Wright said Ms. Walker’s roof was
just the second roof installed to FORTIFIED standards in the state,
but more than 65,000 have already been installed in 28 states,
primarily coastal states including Alabama, North Carolina and
Louisiana, to protect against hurricanes.
“Severe weather is a growing concern for families in inland
states, which are seeing an increased risk from high wind events
like tornadoes,” said Mr. Wright. “The FHLB Dallas FORTIFIED Fund
is an important tool to help Arkansas homeowners minimize storm
damage with a FORTIFIED roof, a proven solution to the high wind
risk communities face.”
Visit the FHLB Dallas FORTIFIED Fund to learn more, including
eligibility requirements and application information.
About Simmons Bank
Simmons Bank was founded in 1903 in Pine Bluff, Arkansas, with
first-day deposits of approximately $3,300. Today, Simmons has over
$27 billion in assets and employs more than 3,200 associates across
six states. We are a community bank with scale, taking as much
pride in customer relationships as we do in our extensive products
and services. For 120 years, we’ve worked hard to make our
customers’ financial goals become reality, whether those goals look
like buying a home, starting a business, sending a child to college
– or simply having greater confidence when it comes to managing
your money.
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 loans and other
credit products to approximately 800 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico and
Texas. For more information, visit fhlb.com.
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Corporate Communications Federal Home Loan Bank of Dallas
fhlb.com, (214) 441-8445