MEDIA ADVISORY -- FHLB Dallas and First Guaranty Bank Present Nebillie, Inc. a $500K AHP Grant

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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 (214) 441-8445 Follow us on Twitter @FHLBDallas

Source:Federal Home Loan Bank of Dallas