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  • February 10, 2021

City of Natchez Receives $97,700 to Renovate 10 Homes
Concordia Bank & Trust Company and FHLB Dallas Provide Funds for Low-Income Homeowners

NATCHEZ, MISSISSIPPI, February 10, 2021 – Concordia Bank & Trust Company and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $97,700 Affordable Housing Program (AHP) subsidy to the city of Natchez to provide upgrades to one of the oldest settlements on the Mississippi River.

Ten homeowners have been pre-approved based on their income for improvements to their homes. Each homeowner will be provided with a $9,700 budget, which includes covering costs such as a city inspection and administration fees.

“The city of Natchez will be able to provide very low- to moderate-income residents with healthier and safer homes to improve their quality of life,” said James Johnston with the Planning and Community Development department at the city of Natchez.

Concordia Bank & Trust Company said it is committed to improving the lives of Natchez residents. 

“We are excited to partner with FHLB Dallas via AHP to help the city of Natchez provide home improvements,” said Paula Morris, Concordia Bank & Trust Company vice president. 

Patrick R. Biglane, president and CEO, said that over the past eight years Concordia Bank & Trust Company has provided housing-related subsidies to 80 applicants in the Natchez area totaling more than $400,000. 

AHP funds are intended to assist FHLB Dallas members in financing the purchase, construction and/or rehabilitation of owner-occupied, rental or transitional housing and housing for homeless individuals. AHP funds must be used to benefit households with incomes at or below 80 percent of the median income for the area.

In 2020, FHLB Dallas awarded $19.3 million in subsidies to 38 affordable housing projects. The subsidies will help create 2,749 new or rehabilitated housing units. Included in that total, are $2.3 million in subsidies for 231 units of housing in the state of Mississippi.

Since the AHP’s inception in 1990, FHLB Dallas has awarded more than $323 million in AHP and Homeownership Set-Aside Programs and has assisted more than 57,000 households. 

“Members like Concordia Bank & Trust Company benefit from AHP by providing local organizations like the city of Natchez with funds they need to repair homes for special-needs homeowners,” said Greg Hettrick, first vice president and director of Community Investment at FHLB Dallas.

For more information about the AHP, visit

About Concordia Bank & Trust Company
Concordia Bank & Trust Company, established in 1903, is headquartered in Vidalia, Louisiana, with approximately $600 million in assets, $500 million in deposits and equity capital at $69 million.  Concordia Bank operates 8 full-service branch locations as well as one loan production office in Louisiana and Mississippi.  The bank is a responsible citizen and business leader and is committed to serving the financial needs of our communities, businesses and its citizens. To learn more, visit our website at

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 $66.3 billion as of September 30, 2020, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at


Contact Information:

Corporate Communications
Federal Home Loan Bank of Dallas