HAMMOND, La., Dec. 2, 2013 (GLOBE NEWSWIRE) -- Please join Mayor Mayson Foster, along with representatives from First Guaranty Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas), today as they announce a $500,000 Affordable Housing Program (AHP) grant to Nebillie, Inc.
Nebillie, Inc. will use the money to renovate the Terrace of Hammond apartments. The project involves the rehabilitation of 11 residential buildings and one clubhouse, which will result in 79, one-, two-, and three-bedroom rental units.
AHP grants are awarded through FHLB Dallas member financial institutions, such as First Guaranty Bank, to assist in the development of affordable owner-occupied and rental housing for very low- to moderate-income households. This year, FHLB Dallas awarded $11.3 million in AHP funding to 36 projects across its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
The public and media are welcome to attend the event.
|WHEN:||1:00 PM: Monday, December 2, 2013|
|WHO:||The Honorable Mayson Foster, Mayor of the City of Hammond, LA|
|The Honorable Ben Nevers, Louisiana State Senator, District 12|
|The Honorable Chris Broadwater, Louisiana State Representative, District 86|
|Arby Smith, Owner, RichSmith Development|
|Keith Richardson, Owner, RichSmith Development|
|Kristina Knight, Vice President of Acquisitions, RichSmith Development|
|Danielle Nall, Vice President of Development, RichSmith Development|
|Pete Panepinto, Director of Administration, City of Hammond|
|Johnny Blount, City of Hammond Council Member, District 1|
|Lacy Landrum, Grants Administrator, City of Hammond|
|Alton B. Lewis Jr., CEO and President, First Guaranty Bank|
|Andrew Gasaway Jr., Board Secretary, First Guaranty Bank|
|Randal A. McDonald, SVP and Chief Risk Officer, First Guaranty Bank|
|Eric J. Dosch, Chief Financial Officer, First Guaranty Bank|
|Larry A. Stark, Executive Vice President, First Guaranty Bank|
|Desiree B. Simmons, AVP, Marketing and Training, First Guaranty Bank|
|Greg Hettrick, VP, Director of Community Investment, FHLB Dallas|
|Michael Lambert, Government & Industry Liaison, FHLB Dallas|
|WHERE:||First Guaranty Bank|
|400 E. Thomas Street|
|Hammond, LA 70401|
CONTACT: Corporate Communications Federal Home Loan Bank of Dallas www.fhlb.com (214) 441-8445 Follow us on Twitter @FHLBDallas
Source:Federal Home Loan Bank of Dallas