2020 Special PGP Award Recipients Announced
FHLB Dallas is pleased to announce that $2.3 million in Special Partnership Grant Program (PGP) funds were awarded through 63 members to assist 99 commnunity-based organizations (CBOs). Combined with member contributions, a total of $2,802,400 has been awarded.
This special PGP provides 5:1 matches of member contributions to provide grants up to $30,000 that help promote and strengthen relationships between CBOs and FHLB Dallas members. The PGP also complements the development activities fostered by FHLB Dallas' Affordable Housing and Community Investment programs.
Watch for details on the 2021 funding round which will be announced in January.
2020 Special PGP Recipients
FHLB Dallas and participating members awarded more than $2.8 million in Partnership Grant Program funds to 99 community-based organizations.
PGP Awards are Based on Member Contributions
PGP awards are matched by the member's contribution to a CBO of $500 up to $6,000 at a 5:1 ratio. PGP grants are offered once a year through FHLB Dallas' member institutions via a lottery system.
The CBO must have 501(c)(3) recognition by the IRS and be involved with affordable housing, stimulating small business development or providing small business technical assistance within the District.
Uses of PGP Funds
Partnership Grants may be used for the following purposes:
To offset costs associated with providing aid and meeting needs of the community in response to the COVID-19 pandemic such as economic and rental assistance, shelter and housing and job training.
- To offset operational and administrative expenses
- Purchase or rent equipment or computer software
- Hire staff and/or consultants
- Secure technical assistance, training or consulting
- Sponsor special program-related events, meetings or conferences
- To cover expenses in preparing applications for FHLB Dallas programs
- Hire fundraising and/or grant-writing consultants
- Architectural, engineering and survey fees (pre-development project costs)
- Legal, accounting and administrative costs (program operating expenses)
- For marketing, feasibility and planning studies for economic development and affordable housing projects
- Environmental studies
- Lead and asbestos testing