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Banks Announce $28K to Benefit Low-Income HomebuyersIBERIABANK, Home Bank, Hancock Whitney Bank, First Bank & Trust and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $28,000 in Partnership Grant Program (PGP (News - Alert)) funds to Northshore Housing Initiative for operational sustainability, a paid marketing intern and other expenses. Local dignitaries and bank representatives will award the funds at a check presentation at 11:00 a.m., Thursday, September 20, 2018, at Northshore Community Foundation at 807 N. Columbia Street on the 2nd floor in Covington. The media is encouraged to attend. Northshore Housing Initiative (NHI) makes homeownership a reality for low- to moderate-income families seeking affordable workforce housing. The structure of the PGP allows FHLB Dallas member institutions to make a contribution of $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas will match at a 3:1 ratio. For more information about the PGP, visit fhlb.com/pgp.
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