GULFPORT, Miss .– (BUSINESS WIRE) – Dec. July 2021–
Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) have donated $ 14,000 in funding from the Partnership Grant Program (PGP) to the Gulf Coast Housing Initiative (GCHI), which develops affordable housing in Gulfport, Mississippi posed.
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The Federal Home Loan Bank of Dallas and Hancock Whitney awarded a $ 14,000 grant to the Gulf Coast Housing Initiative at Little Rock Missionary Baptist Church in Gulfport, Mississippi, on July 21. Pictured from left: Anthony Montgomery, Director of Community Development Outreach for Hancock Whitney; The Executive Director of the Back Bay Mission, James Pennington; Pastor James Beal of Little Rock Missionary Baptist Church; Gulf Coast Housing Initiative Executive Director Everett Lewis and Gulfport Alderman Kenneth “Truck” Casey. (Photo: Business Wire)
PGP grants help qualified nonprofits fund a variety of operational and administrative activities that are critical to serving their communities.
GCHI recently completed a home renovation in the Gaston Point community in Gulfport where it acquired and renovated a home that was sold to a buyer who was enrolled in the Section 8 Homeownership Voucher Program. Two more are also being built in another Gulfport parish nearing completion.
Everett Lewis, executive director of GCHI, said the nonprofit plans to use a portion of the PGP funding to hire someone on a contract basis to provide liaison services to the community. The remaining funds will be used for operational and administrative services including surveying costs and architect fees.
“We want to offer individuals and families the opportunity to live in affordable and safe homes,” said Lewis. “So many people struggle to find and maintain affordable housing, and we want to help them take this burden off their plates.”
Hancock Whitney Senior Vice President and Director of Community Development Anthony Montgomery said the bank supports the mission of the Gulf Coast Housing Initiative.
“Your mission of stable and affordable housing is more important than ever in today’s environment of rising home prices,” said Montgomery.
For 2021, the FHLB Dallas awarded $ 400,000 in PGP grants, and its members provided an additional $ 200,250 for an impact of more than $ 600,000 in its five-state district of Arkansas, Louisiana, Mississippi, New Mexico, and Texas ready.
Greg Hettrick, first vice president and director of community investment for FHLB Dallas, said the PGP was beneficial for everyone involved.
“The 3-1 game of the FHLB Dallas underlines the partnership aspect of the program and makes it a unique advantage on various levels,” said Hettrick. “Hancock Whitney has an opportunity to strengthen his connections with the community while the community benefits from the partnership and resources.”
About Hancock Whitney
Since the late 19th century, Hancock Whitney has embodied the core values of honor and integrity, strength and stability, commitment, teamwork and personal responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; Commercial and small business banking; private banking; Fiduciary and investment services; Healthcare banking; certain insurance services; and mortgage services. The company also operates a credit production office in Nashville, Tennessee. BauerFinancial, Inc., the nation’s leading independent bank rating and analysis company, has consistently recommended Hancock Whitney as one of America’s most financially sound banks. More information is available at www.hancockwhitney.com.
Via the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $ 61.1 billion as of March 31, 2021, is a member-owned cooperative that supports housing construction and community development by providing credit and other credit products at competitive prices to approximately 800 members and affiliated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, please visit our website at fhlb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005995/en/
CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214) 441-8445
KEYWORD: UNITED STATES NORTH AMERICA MISSISSIPPI TEXAS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY RESIDENTIAL CONSTRUCTION & REAL ESTATE OTHER PHILANTHROPY FINANCE CONSTRUCTION & REAL ESTATE BANKING
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2021.
PUB: 7/21/2021 8:11 PM / DISC: 7/21/2021 8:12 PM
http://www.businesswire.com/news/home/20210721005995/en
Copyright Business Wire 2021.
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