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  • June 28, 2024

$8K Grant from Federal Home Loan Bank of Dallas and Planters Bank Offers Cooling Relief to Mississippi Homeowner

Grant Covered Cost of New Air Conditioning Unit

A Mississippi homeowner proudly points to the new air conditioner she was able to install thanks to an $8,000 Special Needs Assistance Program grant from FHLB Dallas.
DODDSVILLE, MISSISSIPPI, June 28, 2024 — Doddsville, Mississippi, resident Stella Groves has endured many Mississippi summers, but this one would have been unbearable due to a broken air conditioning system. However, a more than $8,000 Special Needs Assistance Program (SNAP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) through member Planters Bank provided cooling relief in the form of a new air conditioning system.

Through FHLB Dallas member institutions, SNAP grants provide funding for the repair and rehabilitation of owner-occupied housing of eligible, special-needs individuals such as the elderly and disabled. FHLB Dallas set aside $2 million of its 2024 Affordable Housing Program funds for SNAP.

Ms. Groves has lived in her current home for 27 years. The air conditioning was not the only item that needed attention, but it was one of the most pressing ones.

“I’m having problems with the water, floor and windows. But thanks to the SNAP grant, I have one less problem to deal with; it can get pretty hot out here and I’m relieved to have a new air conditioning unit,” Ms. Groves said.

Planters Bank has used SNAP grants to improve the welfare of some of the most vulnerable in the community.

“Ensuring residents can stay cool during the sweltering summer goes beyond just comfort — it’s about dignity and well-being,” said Planters Bank CRA Officer Paula Gagnier. “We are honored to play a part in ensuring that Ms. Groves and other senior residents from our community can live safely and comfortably in their homes.”

SNAP helps preserve housing affordability in communities with limited resources, said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.

“We’re glad to have partners across our communities who ensure that no one slips through the cracks,” he said.

For more information about the SNAP, visit

About Planters Bank
Currently headquartered in Indianola, Mississippi, Planters Bank has grown from one bank nestled in the rich soil of Ruleville to over 22 locations spanning communities in Mississippi, Tennessee and Louisiana. As it grows, Planters Bank continues to pride itself on giving back to local communities while providing outstanding service to customers.

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 $125.1 billion as of March 31, 2024, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 815 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. Visit for more information.

Contact Information:

Corporate Communications
Federal Home Loan Bank of Dallas