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Louisiana Neighborhood Organization to Be Awarded $120K Grant

November 21, 2019

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.

WHAT:

 

Ribbon-cutting

 

 

 

WHEN:

 

10:00 a.m., Friday, November 22, 2019

 

 

 

WHO:

 

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

 

 

 

WHERE:

 

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

fhlb.com

(214) 441-8445

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

http://www.businesswire.com/news/home/20191121005066/en