FHLB Dallas and Stellar Bank Donates $85K to Houston Community
FHLB Dallas and Stellar Bank Join Forces for Community Impact
In a commendable initiative, the Federal Home Loan Bank of Dallas (FHLB Dallas) and Stellar Bank have announced a generous donation of $85,000 to support three nonprofit organizations based in Houston. This remarkable contribution exemplifies their commitment to fostering community relationships and promoting economic development within the city.
Teams Awarding Grants
The awarded grants will be distributed to three deserving nonprofits. The Community Development Corporation of Freedmens Town will receive $30,000, while the Houston Real Estate Association CDC (HREACDC) is designated to receive another $30,000. Finally, the Credit Coalition will benefit from a $25,000 grant. Each organization plays an essential role in uplifting and empowering the communities they serve.
Partnership Grant Program Overview
This funding initiative is part of the Partnership Grant Program spearheaded by FHLB Dallas. Under this program, member institutions contribute between $500 to $5,000 to nonprofit organizations, with FHLB Dallas matched contributions at a remarkable 5:1 ratio. This enables FHLB to award up to $25,000 to each nonprofit per member institution. This innovative funding model is designed to enhance collaboration between community-based nonprofits and FHLB Dallas members, ultimately amplifying the impact of their efforts.
Community Outreach and Accomplishments
This year alone, FHLB Dallas has awarded more than $1.2 million in funding to 47 community organizations through the generosity of 41 member institutions. This highlights the ongoing dedication of FHLB Dallas and contributing banks to support local initiatives. The funding directly enables organizations to expand their reach while offering vital services and support to underserved populations.
Event Details and Media Invitation
The media is welcomed and encouraged to attend the upcoming event where these grants will be celebrated. Your participation would not only showcase the collaborative efforts of financial agencies and community organizations but also highlight the significant positive impact that these grants will generate.
RSVP Information
Interested media personnel are advised to RSVP in advance. Please confirm your attendance by sending an email to events@fhb.com.
Details About the Event
When: 2:30 p.m., upcoming Tuesday
Where: Stellar Bank
9 Greenway Plaza
Houston, TX 77046
Please note that parking is available at the 9 Greenway building, and if you choose to park in the Life Time Garage, parking validation will be provided by Stellar Bank.
Guest Speakers
Highlighting the event will be notable speakers, including:
- Marcus Vasquez, Stellar Bank
- Mark Loya, FHLB Dallas
- Gladys House, Freedmens Town CDC
- Kimberley Barnes Henson, HREACDC
- Sherrie Young, Credit Coalition
Frequently Asked Questions
What is the purpose of the grants awarded by FHLB Dallas and Stellar Bank?
The grants aim to support local nonprofit organizations that work on crucial community development initiatives.
How does the Partnership Grant Program operate?
The program allows FHLB Dallas members to contribute funding to nonprofits, which is then matched significantly by the bank to maximize the impact of donations.
Who are the beneficiaries of the recently awarded grants?
The beneficiaries include Freedmens Town CDC, HREACDC, and Credit Coalition, all of which are vital community organizations in Houston.
When and where will the grant awarding event take place?
The grant awarding event will occur on a Tuesday afternoon at Stellar Bank, located at 9 Greenway Plaza, Houston.
How can media personnel participate in the event?
Media representatives can RSVP to attend the event and cover the important stories around community support and funding initiatives.
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