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Photo Release -- A Partnership Grant From Green Bank and FHLB Dallas Assists in Rehab of a Home for Veterans' Family

Green Rebuilding
Federal Home Loan Bank of Dallas Logo

DALLAS, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Representatives from Green Bank and the Federal Home Loan Bank of Dallas today announced an $8,000 Partnership Grant Program (PGP) award to Rebuilding Together Greater Dallas.

A partnership grant from Green Bank and the Federal Home Loan Bank of Dallas will assist Rebuilding Together Greater Dallas with a home rehab project for two veterans and their children.


A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=21985

Rebuilding Together Greater Dallas will use a portion of the funds toward the rehabilitation of a home for disabled veterans, Jammie and Katina Hinson. The check presentation will take place at the site of the home. The remaining grant funds will be used to hire a part-time assistant to help the organization with client intake.

Magdalena Brodnax, Rebuilding Together Greater Dallas' executive director, said the PGP funds couldn't have come at a better time.

"The partnership grant has just been really amazing for our organization," she said. "It has provided us with the capacity building we need in order to help more families in the city of Dallas."

The home being rehabbed was provided by Green Extreme Homes. Mr. Hinson, who served in the Army, has been diagnosed with congestive heart failure and is relying on a left ventricle assist device until he is placed on a transplant list. Mrs. Hinson, an Air Force veteran, is a full-time caregiver to her husband and their two children, and she is also disabled.

"They are a wonderful family and one of Mr. Hinson's wishes is that his family would have a stable home if anything ever happened to him," Ms. Brodnax said. "We have completely redeveloped this distressed home, built him a ramp to allow him access to the home, and completely redesigned the entire house."

Dave Matthews, executive vice president and CRA officer for Green Bank, said he was thrilled to assist with the rehab efforts.

"Green Bank is very pleased to partner with FHLB Dallas to assist RT-Greater Dallas with their excellent work for veterans and other homeowners with pressing housing needs in Dallas' inner city," said Mr. Matthews. "This is a wonderful project for a very deserving veteran family."

FHLB Dallas awarded $225,000 in grants through its PGP this year. The grants provide funding for the operational needs of community-based organizations involved in affordable housing and community development.

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 $31.3 billion as of September 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.

The photo is also available via AP PhotoExpress.

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

Source:Federal Home Loan Bank of Dallas