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SNAP Grant Helps New Iberia Homeowner With Home Repairs

Federal Home Loan Bank of Dallas Logo

NEW IBERIA, La., Nov. 21, 2012 (GLOBE NEWSWIRE) -- Alfred Marks has lived in his home in New Iberia, Louisiana, for 35 years. It is full of family history, as it was the home he shared with his late-wife and their 12 children. Mr. Marks said the house now welcomes grandchildren and great-grandchildren, so he wants to make sure it remains in a livable condition.

Over the years, the kitchen of his home had greatly deteriorated. It had always been the heart of family gatherings, holidays, and memories he shared with his wife. So, when he was referred to Community First Bank for grant funding that would help restore his kitchen, he knew it was worth the trip to learn more about the program.

Kenny LeJeune, vice president at Community First Bank, introduced Mr. Marks to the Special Needs Assistance Program (SNAP), which provides grant funding to income-qualified, elderly and special-needs homeowners to assist with necessary home repairs and modifications. SNAP grants are awarded by the Federal Home Loan Bank of Dallas (FHLB Dallas), and available through its more than 900 member institutions, including Community First Bank, within its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

"Every year I look forward to working with the SNAP program," said Mr. LeJeune. "It is so rewarding to assist the families and uplift their spirit by improving their living condition. Community First Bank is proud to partner with FHLB Dallas for the betterment of the people living in our community."

Mr. Marks qualified for a $6,674 SNAP grant, which enabled him to replace the flooring, cabinetry, and countertops in his kitchen. The grant also helped replace deteriorated sheetrock and reinforce support beams inside the walls.

"This grant helped me stay in this home," said Mr. Marks. "At age 79, I can't make these repairs on my own, and I couldn't afford to pay someone with my limited income. Now, this new kitchen will help me and my family enjoy this home for many years to come."

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 advances 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

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