- Overview
- Uses of Funds
- Program Requirements
- Application
- Partnership Grant Recipients for 2008
- The deadline of August 15, 2008 for the 2008 Partnership Grant Program has expired. 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.
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.
Return to top of page 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).
- The applicant must be a member of the Bank.
- The co-applicants must be a CBO with an operating budget of $200,000 or less. The CBO must have recognition by the IRS, and must have been in business 10 years or less (as of August 15, 2008).
- 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.
The deadline of August 15, 2008 for the 2008 Partnership Grant Program has expired. 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.
2008 Partnership Grant Recipients
We are pleased to announce that the 2008 Partnership Grant funds have been awarded. Member: Lubbock National Bank Sponsor: Coalition of Community Assistance Volunteers, Inc. Grant: $4,500 Member: American Bank of Commerce Sponsor: Coalition of Community Assistance Volunteers, Inc. Grant: $4,500 Member: Security State Bank Sponsor: Coalition of Community Assistance Volunteers, Inc. Grant: $3,000 Member: American State Bank Sponsor: Coalition of Community Assistance Volunteers, Inc. Grant: $3,000 Member: Citizens Bank & Trust Co. Sponsor: Webster Development Fund Grant: $7,500 Member: Northstar Bank of Texas Sponsor: DAHC Housing I, Inc Grant: $4,500 Member: Planters Bank & Trust Company Sponsor: Indianola Main Street, Inc. Grant: $4,500 Member: BancorpSouth Bank Sponsor: Falconhill Recovery House, Inc Grant: $9,000 Member: Community Bank, North Mississippi Sponsor: Indianola Main Street, Inc. Grant: $4,500 Member: Bankfirst Financial Services Sponsor: Main Street Macon, Inc. Grant: $15,000 Member: BancorpSouth Bank Sponsor: Neighborhood Development Corporation Grant: $5,000 Member: Southern Bancorp Sponsor: Indianola Main Street, Inc. Grant: $3,000 Member: Community First Bank Sponsor: Higher Ground Ministries of Harrison, Inc. Grant: $1,500 Member: BancorpSouth Bank Sponsor: Daylight Ministries Center for Homeless Women Grant: $9,000 Member: Frost Bank Sponsor: Austin Community Design and Development Center Grant: $7,500 Member: ViewPoint Bank Sponsor: City Wide CDC Grant: $7,500 Member: Guaranty Bank & Trust Co. Sponsor: Indianola Main Street, Inc. Grant: $3,000 Member: BancorpSouth Bank Sponsor: Southern Christian Mission, Inc. Grant: $3,000 Member: First State Bank of Uvalde Sponsor: Habitat for Humanity of Uvalde, Inc Grant: $7,500 Member: Guaranty Bank Sponsor: PLAN Fund Grant: $10,500 Member: BancorpSouth Bank Sponsor: West Tennessee Housing Resources Network, Inc. Grant: $7,500 Member: First Arkansas Bank & Trust Sponsor: Lonoke County Safe Haven Inc. Grant: $1,500 Member: BancorpSouth Bank Sponsor: Community Development Council of Greater Memphis Grant: $7,500 Member: Community Bank Sponsor: Children Advocacy Center of Hood & Somervell Co. Grant: $15,000 Member: First Security Bank Sponsor: Habitat for Humanity of White County, Arkansas Grant: $15,000 Member: Peoples Bank Sponsor: Resources for Recovery, Inc. Grant: $15,000 Member: Peoples Bank Sponsor: Hannah Medical Center/South AR Caring Pregnancy Center Grant: $15,000 Member: Bank of the Ozarks Sponsor: North Central AR Regional Economic Dev Corp. Grant: $9,000 Member: Whitney National Bank Sponsor: Guiding Light CDC Grant: $4,500 Member: BancorpSouth Bank Sponsor: Sacred Heart Catholic Mission Inc. Grant: $15,000 Member: Trustmark National Bank Sponsor: Sacred Heart Catholic Mission Inc. Grant: $2,500
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