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Grant Funds Assist Elderly New Iberia Couple With Home Repairs

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NEW IBERIA, La., Dec. 21, 2012 (GLOBE NEWSWIRE) -- Harlan and Louetta Lewis have lived in their New Iberia home for about 12 years. They have shared many memories in their home, but the cracks in the walls and the worn cabinets in the kitchen and bathroom made their home feel more like a constant chore rather than a blessing.

Both Mrs. and Mr. Lewis are 75 years old, and on their limited income, they could not afford to make all the necessary repairs to their home. Mrs. Lewis heard about a grant program that could help them, so she went to Community First Bank for assistance.

Community First Bank is a member of the Federal Home Loan Bank of Dallas (FHLB Dallas), which provides grant funding to income-qualified, special-needs homeowners for critical home repairs and modifications through its Special Needs Assistance Program (SNAP). The program is available on a first-come, first-served basis, and each recipient can receive up to $5,000 in grant funding.

"Each year I look forward to working with the SNAP," said Kenny LeJeune, vice president at Community First Bank. "Through this program, our partnership with FHLB Dallas helps Community First Bank better serve the needs of our community."

Mr. and Mrs. Lewis qualified for a SNAP grant, which was used to replace the sheetrock, ceilings, and cabinets in the kitchen, bathroom, and living room of their beloved home.

"This is a very nice program," said Mrs. Lewis. "It only took the crew three or four days to complete the work, and we feel very fortunate to have benefited from this grant. We are more than satisfied."

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