It's Not Raining in the House Anymore, Thanks to SNAP Grant

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NATCHEZ, Miss., May 15, 2013 (GLOBE NEWSWIRE) -- Estelle Coulston, 68, and her family grew up in and around Natchez, Mississippi. She and her daughter have lived in her current home since the 1980s. Ms. Coulston's 5-year-old grandson now brings a new level of joy to the aging home, which was built in 1960.

While it's not as old as some of the housing stock in this historic town, it was in need of some repairs, said Ms. Coulston's daughter, Celice Coulston.

A $5,000 Special Needs Assistance Program (SNAP) grant offered by the Federal Home Loan Bank of Dallas (FHLB Dallas) in conjunction with FHLB Dallas member institution Concordia Bank & Trust provided a new roof over the family's heads.

"It's not raining in the house anymore," Celice Coulston joked. More seriously, she said the grant was a big help to her mother: a senior citizen and widow living on a fixed income.

"This is a good program for someone on a fixed income who needs the help," Celice Coulston said.

SNAP grant funds can assist with repairs such as roofing, plumbing, electrical improvements and flooring, as well as provide handicap modifications such as ramps, grab bars, expanded doorways, and bathroom and kitchen modifications.

"We have seen first-hand how SNAP has improved the lives of citizens in our community," said Natchez Mayor Larry L. "Butch" Brown. "It's been a positive experience for everyone involved."

Glynn Laird, senior vice president at Concordia Bank & Trust, said word is getting out about SNAP as citizens see the benefits it has provided to low-income residents who need a helping hand.

"The program focuses on emergency repairs like fixing leaking roofs and correcting electrical problems, allowing our senior citizens to live in a safe environment," Mr. Laird said. "We were happy to be able to assist the Coulston family."

FHLB Dallas has awarded $46,845 through Concordia Bank & Trust to assist 10 homeowners so far in 2013, part of a larger $1 million in SNAP funds that FHLB Dallas made available in 2013.

SNAP grants are available through FHLB Dallas member institutions on a first-come, first-served basis to assist income-qualified, special needs homeowners with emergency home repairs and modifications. The program was established in 2009 and, through its member institutions, FHLB Dallas has provided more than $6 million in SNAP grants to 1,260 eligible homeowners.

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 $31 billion as of March 31, 2013, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, visit the FHLB Dallas website at fhlb.com.

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

Source:Federal Home Loan Bank of Dallas