FHLB Dallas - AHP - Partnership Grant Program

Overview
Uses of Funds
Program Requirements
Application
Partnership Grant Recipients for 2009
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.

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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Use 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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