FOR IMMEDIATE RELEASE
June 13, 2017
Federal Home Loan Bank of Dallas
Arkansas Senior's Roof Replaced, Thanks to Grant
$5K Grant Part of More Than $350K Awarded by FBT Bank and Mortgage, FHLB Dallas to Fund Home Repairs
RISON, ARKANSAS, June 13, 2017 — Bobbie Johnson, a 71-year-old great-grandmother, has her great-grandson at her home at least twice a week, but a leaking roof was making rainy day visits with him next to impossible. Her problem was recently solved by a $5,534 Special Needs Assistance Program (SNAP) grant from FBT Bank and Mortgage and the Federal Home Loan Bank of Dallas (FHLB Dallas), which provided her a new metal roof.
SNAP grants assist income-qualified, special-needs homeowners with necessary home repairs and modifications. Ms. Johnson's grant is part of $355,455 in grant funds FHLB Dallas has awarded through FBT Bank and Mortgage since SNAP's inception in 2009. The grants have helped 57 Arkansas families.
FBT Bank and Mortgage Vice President Scott Smith worked with Ms. Johnson on the SNAP application. He said the grant program allows seniors to enjoy a higher quality of life.
"Our senior neighbors deserve to live in safe and decent homes," said Mr. Smith. "SNAP has allowed for them to age in place more comfortably and ease the financial burden of home repairs."
Living on disability, Ms. Johnson's fixed income wasn't enough to cover the new roof that her 30-year-old home desperately needed. "I don't know what I would have done without the grant," said Ms. Johnson. "It was just such a blessing."
SNAP grants assist income-qualified, special-needs homeowners with necessary home repairs and modifications. The grants are awarded by FHLB Dallas through participating member institutions, such as FBT Bank and Mortgage.
Since 2009, more than $11.6 million in SNAP funds has been awarded through FHLB Dallas member institutions to assist more than 2,300 families across FHLB Dallas' five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas. In 2016, FHLB Dallas awarded nearly $1 million in SNAP grants that assisted 205 families. The 2017 SNAP funding, made available in January on a first-come, first-served basis, has been exhausted.
"Community investment programs such as SNAP represent the beating heart of our commitment to our members' communities," said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas. "Our partnership with FBT Bank and Mortgage is the backbone that makes it all happen."
To learn more about SNAP, visit fhlb.com/snap.
About FBT Bank and Mortgage
FBT Bank and Mortgage is a full service bank established in 1931. Now operating in five locations, FBT Bank and Mortgage is focused on the communities it serves, offering state-of-the-art products and services while delivering personalized attention to customers. To learn more, go to fbtbank.com.
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 $57.5 billion as of March 31, 2017, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 850 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.