SNAP Helps Man Undergoing Medical Treatment

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PRAIRIE, Miss., Sept. 26, 2013 (GLOBE NEWSWIRE) -- He's only 35 years old, but Jerry Reese sometimes feels much older.

Leukemia treatments have sapped his youthful energy, causing extreme fatigue and making it impossible for him to work and support a wife and three children living at home.

Thankfully, a Special Needs Assistance Program (SNAP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Community Bank paid for critical repairs needed to the Reese home.

SNAP grants are awarded by the FHLB Dallas through participating member institutions, such as Community Bank, to provide necessary home repairs and modifications for income-qualified, special-needs, and elderly homeowners. FHLB Dallas implemented the program in 2009, and has since awarded more than $6.3 million in SNAP grants throughout the five-state FHLB Dallas district, which encompasses Arkansas, Louisiana, Mississippi, New Mexico, and Texas. FHLB Dallas has awarded a total of $50,000 in SNAP grants through Community Bank to assist 10 homeowners.

Mr. Reese received a $5,000 grant to get a new metal roof on his home. The work was completed in July.

"My house was leaking really badly on the inside when it rained," Mr. Reese said. The problem had festered for about a year and a half, he said.

The SNAP grant meant a lot to the family as it deals with Mr. Reese's illness.

"It made us happy. We definitely needed it," Mr. Reese said.

Community volunteer Ann Tackett, executive director of Tenn Tom Moving Youth Inc., said medical bills for disabled residents such as Mr. Reese can devastate a family's finances. Ms. Tackett helped Aberdeen, Mississippi-area residents, including Mr. Reese apply for the grants. Ms. Tackett is hopeful she can assist more residents next year with the application process.

"SNAP provides home repairs for people who may have no place else to turn," she said. "The grant really hits home. It provides critical, emergency house repairs that make the difference between safe and unsafe living environments."

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of $32.7 billion as of June 30, 2013, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445

Source:Federal Home Loan Bank of Dallas