Louisiana Neighborhood Organization to Be Awarded $120K Grant
COVINGTON, La.--(BUSINESS WIRE)--Nov 21, 2019--
The First, A National Banking Association and the Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $120,000 Affordable Housing Program (AHP) grant to West 30’s Redemption Company to help fund new construction and renovation of single-family, affordable houses in Covington’s West 30’s neighborhood.
The media is encouraged to attend a ribbon-cutting event at 10:00 a.m. on Friday, November 22 at 807 North Columbia Street in Covington.
The AHP grant was awarded to West 30’s Redemption Company earlier this year. The nonprofit seeks to help families achieve homeownership in Covington’s West 30’s neighborhood.
The AHP assists FHLB Dallas member institutions like The First, A National Banking Association, in financing the purchase, construction and/or rehabilitation of homes, benefiting households with incomes at or below 80 percent of the area’s median income. In 2019, FHLB Dallas awarded $16.3 million in grants to 34 affordable housing projects that helped create or rehabilitate 2,057 housing units.
For more information about the AHP, visit fhlb.com/ahp.
10:00 a.m., Friday, November 22, 2019
Mark Johnson, Mayor of Covington, Louisiana
Jerome Brown, Senior Vice President, Director of Community Development, The First, A National Banking Association
Mike Prenger, Commercial Lender, The First, A National Banking Association
Pat Brister, Parish President and FHLB Dallas Board Member
Michael Cooper, Incoming St. Tammany Parish President
Bryan Burns, Executive Director, West 30’s Redemption Company
Kennetha Johnson, Advisory Board Director, West 30’s Redemption Company
Steven Matkovich, Senior Affordable Housing Analyst, FHLB Dallas
Northshore Community Foundation
807 North Columbia Street
Covington, Louisiana 70433
View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005066/en/
CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
KEYWORD: LOUISIANA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY RESIDENTIAL BUILDING & REAL ESTATE OTHER PHILANTHROPY CONSTRUCTION & PROPERTY BANKING
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2019.
PUB: 11/21/2019 07:13 AM/DISC: 11/21/2019 07:13 AM