FOR IMMEDIATE RELEASEDecember 11, 2012
Federal Home Loan Bank of Dallas
IBERIABANK and FHLB Dallas Award a $10K Partnership Grant to Assist a New Orleans Nonprofit
NEW ORLEANS, LOUISIANA, December 11, 2012 – With the help of $10,000 in
Partnership Grant Program (PGP) funds, The Urban Conservancy will bolster its
workshop series for local businesses, lenders, and community banks. The
workshops teach innovative ways to reinforce the local economy through
investing in local businesses.
The PGP funds were made available by IBERIABANK and the Federal Home Loan
Bank of Dallas (FHLB Dallas). In 2012, FHLB Dallas awarded $225,000 in grants
through its PGP. Partnership grants are offered through FHLB Dallas’s member
institutions to provide funding for the operational needs of community-based
organizations involved in affordable housing and community development. FHLB
Dallas matches a member’s cash contributions to a community-based organization
of $500 up to $5,000 at a 3:1 ratio. In 2012, FHLB Dallas and IBERIABANK
together awarded $20,000 in PGP funds.
Representatives from IBERIABANK and FHLB Dallas gathered yesterday for a
check presentation at The Urban Conservancy’s offices in New Orleans,
The Urban Conservancy’s mission is to promote the wise stewardship of the
city of New Orleans and its local economy.
“We are going to use the grant to bring nationally renowned speaker Michael
Shuman (author of “Local Dollars, Local Sense: How to Shift Your Money from
Wall Street to Main Street and Achieve Real Prosperity”) to lead a workshop in
New Orleans,” said Dana Eness, executive director of The Urban Conservancy.
“The workshop is called Local Investing 101, and it is geared toward local
businesses, lenders, and community banks to create innovative ways to reinforce
the local economy by investing in our local businesses.”
One of The Urban Conservancy’s initiatives is the Stay Local! independent
business alliance. Stay Local! works with locally owned businesses throughout
metro New Orleans to connect them to resources, markets, and each other.
The Urban Conservancy is a member of the New
Orleans Business Alliance’s strategic advisory council.
Ms. Eness learned about the partnership grants while researching financing
opportunities. “I was doing my due diligence, looking through a grants data
base and the PGP jumped out at me, specifically because of my relationship with
IBERIABANK. I was really excited to see that IBERIABANK participates in the
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the
FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of
$35.2 billion as of September 30, 2012, is a member-owned cooperative that
supports housing and community development by providing competitively priced
advances and other credit products to more than 900 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For
more information, visit the FHLB Dallas website at fhlb.com.