
Overview
- The Partnership Grant Program is a $225,000 first-come, first-served program.
- The Partnership Grant Program was developed by the Bank to provide funding for the operational needs of community-based organizations (CBOs) - nonprofit's involved in affordable housing, community local development funds, or small business technical assistance providers within the District. The program is offered through Bank member institutions to eligible CBOs.
- The Partnership Grants are intended to help promote and strengthen the relationships between CBOs and the Bank's member institutions, and to complement the development activities currently fostered by the AHP and CIP of the Bank.
- The Partnership Grant award is based on the cash contribution of the member institution. A member's contribution of $500 to $5,000 will be match-funded at a 3:1 ratio. The maximum Bank grant permitted is $15,000. The total maximum lifetime grant available to the CBO is $30,000.
- All funds will be allocated on a first-come, first-served basis.
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of Funds
Partnership Grant funds may be used for the following purposes:
- Organizational Capacity Building: to offset operation and administrative
expenses; purchase or rent equipment or computer software, etc; hire staff and/or consultants;
secure technical assistance, training, or consulting, etc.; or to sponsor
special program-related events, meetings, and/or attend conferences.
- Assistance in Applying for Grants or Other Funding Sources: to cover
expenses in preparing applications for Bank programs; hiring fund-raising
and/or grant-writing consultants; or funding education and awareness programs
for community groups and lending institutions.
- Research and Studies: for marketing, feasibility and planning studies
for economic development and affordable housing projects; environmental studies; lead and asbestos
testing; or fair housing policy development.
- Contractual Services: for architectural, engineering, and survey
fees (pre-development project costs); or legal, accounting and administrative
costs (program operating expenses).
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Program Requirements
- The applicant must be a member of the Bank.
- The co-applicants must be a CBO with an operating budget of $500,000 or less. The CBO must have a 501(c)(3) recognition by the IRS.
- Requests for Bank matching grants may range from $1,500 to $15,000. The participating member institution must provide a cash contribution, the value of which will determine the amount of the matching grant for which the CBO may qualify.
In order to assess the effectiveness of the program, each grant recipient
will be required to report specific information on how the funds were
used to help fulfill the organization's objectives. The report will discuss
the effects of the funds on the ability of the CBO to fulfill its objectives.
Application
We are no longer accepting applications for the 2009 Partnership Grant Program. Please check back periodically for updates. For more information please contact the Community Investment Department at 800.362.2944 or your Member Sales Officer at 800.442.9841, or e-mail the Community Investment Department at cip@fhlb.com.
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2009 Partnership Grant Recipients
We are pleased to announce that the 2009 Partnership Grant funds have
been awarded.
Member: Red River Bank
Sponsor: Central Louisiana Community Foundation
Grant: $ 15,000
Member: Bank of the Ozarks
Sponsor: ACHANGE
Grant: $ 7,500
Member: Renasant Bank
Sponsor: Water Valley Main Street Association, Inc.
Grant: $ 15,000
Member: Frost Bank
Sponsor: Accessible Housing Austin
Grant: $ 7,500
Member: Frost Bank
Sponsor: Habitat for Humanity Texas, Inc.
Grant: $ 3,000
Member: Frost Bank
Sponsor: Austin Community Design and Development
Grant: $ 7,500
Member: Crescent Bank & Trust
Sponsor: St. Andrew's Village
Grant: $ 15,000
Member: Mechanics Bank
Sponsor: Water Valley Main Street Association, Inc.
Grant: $ 15,000
Member: Citizens Bank
Sponsor: North & East Lubbock CDC
Grant: $ 3,000
Member: American State Bank
Sponsor: North & East Lubbock CDC
Grant: $ 3,000
Member: BancorpSouth Bank
Sponsor: Southern Christian Mission, Inc.
Grant: $ 3,000
Member: Carter Federal Credit Union
Sponsor: Webster Development Fund Grant: $ 15,000
Member: Citizens Bank & Trust
Sponsor: Webster Development Fund
Grant: $ 7,500
Member: Community Bank
Sponsor: Ruth 's Place
Grant: $ 15,000
Member: First Bank & Trust
Sponsor: North & East Lubbock CDC
Grant: $ 7,500
Member: Community Bank
Sponsor: Indianola Main Street
Grant: $ 2,250
Member: Planters Bank
Sponsor: Indianola Main Street
Grant: $ 2,250
Member: Southern Bancorp
Sponsor: Indianola Main Street
Grant: $ 1,500
Member: Guaranty Bank & Trust Co.
Sponsor: Indianola Main Street
Grant: $ 1,500
Member: Whitney National Bank
Sponsor: Community Development Capital
Grant: $ 7,500
Member: Fidelity Homestead Savings Bank
Sponsor: Community Development Capital
Grant: $ 3,000
Member: IBERIABANK
Sponsor: Community Development Capital
Grant: $ 3,000
Member: Comerica Bank
Sponsor: Business Assistance Center, Inc.
Grant: $ 15,000
Member: Comerica Bank
Sponsor: Jeffries Street Learning Center
Grant: $ 15,000
Member: Comerica Bank
Sponsor: Neighborhood Recovery CDC
Grant: $ 15,000
Member: Comerica Bank
Sponsor: Home Sweet Home Community Redevelopment
Grant: $ 7,500
Member: Comerica Bank
Sponsor: City Wide CDC
Grant: $ 9,000
Member: Northstar Bank of Texas
Sponsor: DAHC Housing I, Inc.
Grant: $ 3,000
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