Concordia Bank and FHLB Dallas Provide New Roof for Natchez Homeowner

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NATCHEZ, Miss., May 16, 2013 (GLOBE NEWSWIRE) -- Not many people can claim their home dates to the 1880s. But Eddice Hobson can. Her home, located in the Upriver Residential Historic District in Natchez, Mississippi, is believed to have been built around 1880.

In addition, the historic 1,192-square-foot home sits on a bluff with a lovely view of the Mississippi River down below. But a leaky roof kept Ms. Hobson from enjoying her home. The roof was long past its prime, she said. Ms. Hobson has lived in the home for about 30 years and had never had the roof replaced during that time.

It was old and it was leaking in four rooms. "When it rained it would drip down on my bed," Hobson said. "I've been here 30 years and the roof was on the house when I came here."

A fixed income for the 73-year-old senior citizen kept her from having the funds to repair it.

Ms. Hobson applied for a Special Needs Assistance Program (SNAP) grant through the city of Natchez and Concordia Bank & Trust, and was awarded $4,700 for a new galvanized roof, which was installed this spring. Concordia Bank & Trust, a member of the Federal Home Loan Bank of Dallas (FHLB Dallas), utilizes FHLB Dallas SNAP funds to assist homeowners in its community with needed repairs.

"Our partnership with FHLB Dallas and the city of Natchez has provided 10 homeowners with much needed repairs," said Glynn Laird, senior vice president at Concordia Bank & Trust. "A roof is a basic necessity, and we are pleased to have played a role in providing Ms. Hobson with a new roof."

Ms. Hobson's alderman, Joyce Arceneaux-Mathis, said the grant provided needed housing repairs to residents in her ward. She said she hopes the city will be able to tap the funds again in the future.

"These are residents who don't have the income to make these kinds of necessary repairs," Ms. Arceneaux-Mathis said. New roofs, structural improvements and porch repairs were among the needs satisfied.

For Ms. Hobson, the new roof means more rest. "It's working out great," she said. "When it rains I sleep."

Natchez Mayor Larry L. "Butch" Brown said the city is pleased to see the results of SNAP.

"A roof over one's head is a basic need many of us take for granted," he said. "This grant program allows us to care for some of our most deserving residents, our senior citizens."

SNAP grants are available through FHLB Dallas member institutions, such as Concordia Bank & Trust, 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

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

Source:Federal Home Loan Bank of Dallas