$558,985 Awarded in Partnership Grant Program Funds for 2022
For 2022, FHLB Dallas awarded $400,000 in Partnership Grant Program (PGP) funds to assist community-based organizations (CBOs) and members contributed $158,985 for a total contribution of $558,985 to 38 CBOs.
FHLB Dallas provides up to a 3:1 match of member contributions to provide a match of up to $12,000 per member to 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.
2022 PGP Recipients
Image Changers, seen here in a 2021 check presentation, is also a PGP recipient in the 2022 round of PGP awards that provided funding for 38 organizations.
PGP Awards are Based on Member Contributions
PGP awards are matched by the member's contribution to a CBO of $500 up to $4,000 at a 3:1 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. Total revenues may not exceed $600,000.
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 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