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November 3, 2016


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

14 Low-Income Mississippi Families to Get Home Repairs from Grant

BancorpSouth Bank and FHLB Dallas Award $98K Affordable Housing Grant to Habitat for Humanity Bay-Waveland Area

BAY ST. LOUIS, MISSISSIPPI, November 3, 2016 — Habitat for Humanity Bay-Waveland Area (HFHBW) has been awarded a $98,000 Affordable Housing Program (AHP) grant from BancorpSouth Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds will pay for critical repairs to 14 homes of low-income elderly and special-needs residents of Hancock and Pearl River counties in Mississippi.

The Habitat affiliate is currently accepting applications for the project, which is expected to be completed by June 2017.

"BancorpSouth Bank has been a tremendous partner in this process," HFHBW Program Manager Angela Eastin said. "Without the AHP funds, we would not be able to empower and help homeowner families eliminate barriers to better, healthier, more financially stable lives."

2014 Census data showed a poverty rate of 22.6 percent in Mississippi, which was the highest among the 48 contiguous states. It was outranked only by Puerto Rico with a poverty rate of 45.2 percent.

Evelyn Edwards, vice president and CRA specialist at BancorpSouth Bank, said the repairs will help homeowners in Hancock and Pearl River counties who have few options for repairs.

"BancorpSouth Bank appreciates this opportunity to support homeowners-in-need," she said. "These are rural counties, where many residents, especially special-needs and elderly, lack the resources to handle routine maintenance before issues arise. This AHP grant from FHLB Dallas will benefit some of these families."

FHLB Dallas annually returns 10 percent of its profits in the form of AHP grants to the communities served by its member institutions, like BancorpSouth Bank. AHP grants fund a variety of projects, including home rehabilitation and modifications for low-income, elderly, and special-needs residents; down payment and closing cost assistance for qualified first-time homebuyers; and the construction of low-income, multifamily rental communities and single-family homes.

"The affordable housing options for special-needs and elderly citizens tend to decrease over time, so preserving their own homes becomes particularly important," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. "BancorpSouth Bank's support of affordable housing initiatives brings critical resources to projects of preservation, rehabilitation, and new construction."

In 2016, FHLB Dallas awarded $7.8 million in AHP grants to 27 projects across its five-state District of Arkansas, Louisiana, Mississippi, New Mexico, and Texas. The grants will help create 1,499 new or rehabilitated housing units. Since the inception of the AHP in 1990, FHLB Dallas has awarded more than $245 million in AHP grants to assist more than 45,500 families.

About BancorpSouth Bank

BancorpSouth, Inc. is a financial holding company headquartered in Tupelo, Mississippi, with $14.6 billion in assets. BancorpSouth Bank, a wholly-owned subsidiary of BancorpSouth, Inc., operates 236 full service branch locations as well additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois. BancorpSouth is committed to a culture of respect, diversity, and inclusion in both its workplace and communities. To learn more, visit our Community Commitment page at "Like" us on Facebook; follow us on Twitter@MyBXS; or connect with us through LinkedIn.

About the Federal Home Loan Bank of Dallas

 The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system created by Congress in 1932. FHLB Dallas, with total assets of $58.4 billion as of September 30, 2016, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. Visit for more information.