Photo Release -- Fordyce House Gets a Lift With SNAP Grant

Byrd Home
Federal Home Loan Bank of Dallas Logo

FORDYCE, Ark., June 19, 2013 (GLOBE NEWSWIRE) -- A Social Security disability check doesn't go far. Not far enough for Carl and Gloria Byrd to fund critical repairs needed at their Fordyce, Arkansas home.

A SNAP grant through FBT Bank & Mortgage and FHLB Dallas funded repairs to Carl and Gloria Byrd's home.

A photo accompanying this release is available at

Carl Byrd, 60, said floors were warping, the roof was leaking and floor joists were rotted. It's an old wood frame home, age unknown, Mr. Byrd said.

The couple lives on a fixed income and Mr. Byrd is missing one eye and has severe glaucoma in the other, which prevents him from doing any major repairs on his own.

Mr. Byrd said he heard about the Special Needs Assistance Program (SNAP) from an acquaintance and it sounded like just what the couple needed. SNAP is offered by the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member institutions, such as FBT Bank & Mortgage. It provides grants to assist income-qualified, special-needs homeowners with necessary home repairs and modifications.

A $5,000 SNAP grant from FBT Bank & Mortgage and FHLB Dallas funded the repairs at the Byrd home.

The Byrds received a new roof. They also had the house's foundation lifted and floors evened out. The rotting floor joists were replaced.

"I'm happy with the work that was done," Mr. Byrd said. "I'm very, very satisfied."

Scott Smith, vice president at FBT Bank & Mortgage, said helping people like the Byrds is what SNAP is all about.

"SNAP is designed to help those, who truly need the help -- that includes our senior citizens on fixed incomes and residents with disabilities," Mr. Smith said. "As a bank and as an active participant in the community, we appreciate the opportunity to partner with FHLB Dallas on a program that makes a positive difference in our residents' lives."

SNAP was established in 2009 by FHLB Dallas and is available through its member institutions. Since its inception, SNAP has awarded more than $6 million in grant funds to 1,260 eligible homeowners. In 2013, FHLB Dallas made available $1 million in SNAP grants.

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

The photo is also available via AP PhotoExpress.

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

Source:Federal Home Loan Bank of Dallas