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Community First Bank and FHLB Dallas Award Grant to Assist New Iberia Homeowner With Home Rehabilitation

Federal Home Loan Bank of Dallas Logo

NEW IBERIA, La., Nov. 21, 2012 (GLOBE NEWSWIRE) -- As a 73-year-old, disabled, single homeowner, Yvonne Thomas found maneuvering around her home and its ongoing maintenance quite challenging. Twenty years ago, Ms. Thomas purchased her house from her family after her parents passed away. It was the house she was born and raised in, and was the only place she has ever truly called home.

But when Ms. Thomas became wheelchair-bound, moving from room to room became difficult. Her house was in no way handicap-accessible, and her electricity bills were skyrocketing because of an outdated air conditioning unit and old windows. With her limited income, Ms. Thomas felt helpless in resolving the problems of her home, and wondered how much longer she could live in this home that she loved so much.

A friend referred her to Community First Bank after hearing about a grant program that could potentially help Ms. Thomas. Kenny LeJeune, vice president at Community First Bank, helped Ms. Thomas qualify for a $5,000 Special Needs Assistance Program (SNAP) grant through the Federal Home Loan Bank of Dallas (FHLB Dallas).

SNAP grants are awarded by FHLB Dallas through its more than 900 member institutions, including Community First Bank, to assist income-qualified, special-needs homeowners with necessary home repairs and modifications. The grants are available on a first-come, first-served basis, and in 2012, FHLB Dallas awarded $1 million in SNAP grants, through its members, to qualified recipients within its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

"In my 31 years of banking, SNAP has been the most rewarding program I've been involved in," said Mr. LeJeune. "Every penny is put to good use, and the recipients are always so thankful and appreciative."

The grants funds allowed Ms. Thomas to replace her air conditioning unit, install energy efficient windows, and add railings, grab bars, and new treading in the doorways to make her home more handicap-accessible.

"It has been such a blessing," said Ms. Thomas about the grant and the work that was completed on her home. "It's improved how I live and has made my home much safer and more comfortable for me. Mr. LeJeune took such good care of me, and I am eternally grateful to him and everyone at Community First Bank and FHLB Dallas who made this possible."

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 $35.2 billion as of September 30, 2012, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to more than 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 Federal Home Loan Bank of Dallas logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3013

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

Source:Federal Home Loan Bank of Dallas