FHLB Dallas Joins Rio Grande Valley Multibank in Presenting Two $20,000 Grants to Austin Nonprofits

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AUSTIN, Texas, Nov. 12, 2013 (GLOBE NEWSWIRE) -- Please join representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Rio Grande Valley Multibank of Brownsville, Texas, at 12:00 p.m., Wednesday, November 13, 2013, as they award two grants of $20,000 through the Partnership Grant Program (PGP) to local Austin, Texas, nonprofits.

Texas Association of Community Development Corporations (TACDC) provides training, advocacy, research, event planning, membership services, and grassroots organization for nonprofit affordable housing and community economic development providers in Texas. Texas Community Capital (TCC) is a lending intermediary providing loan products and development services to Texas community development corporations, Community Development Financial Institutions (CDFIs), and other community development organizations. Both entities will use the grants to build organizational staffing and for occupancy expenses.

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.

WHEN: 12:00 p.m., Wednesday, November 13, 2013
WHO: Matt Hull, Executive Director, TACDC, and Co-Administrator, TCC
Robyn Mitchell, Membership Coordinator and Office Manager, TACDC
Nick Mitchell-Bennett, Administrator, Rio Grande Valley Multibank.
Paul Charles, Board Member, TACDC
David Long, Co- Administrator, TCC
John Garvin, Board Member, TCC
Tom Wilkinson, Board Chairman, TCC
Greg Hettrick, VP, Director of Community Investment, FHLB Dallas
2200 E. Martin Luther King Blvd.
Austin, Texas 78702

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

Source:Federal Home Loan Bank of Dallas