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  • December 01 2023
  • Mississippi

Celebrating the Revitalization of a Historic Building

A $16,000 Partnership Grant Program (PGP) award provided by the Federal Home Loan Bank of Dallas (FHLB Dallas) and one of its members is helping restore the historic Lundy House in Lexington, Mississippi.

The historic house, built around 1860, was once a stagecoach stop and hotel. It’s been an anchor of the Lexington historic district for decades.

After it was slated for demolition in 2019, the public outcry kept the house standing. A proposed plan seeks to restore and repurpose the 150-year-old landmark into a multipurpose community center for the arts.

Like all FHLB Dallas programs, funds are awarded through member institutions. The grant provided to Friends of Lexington Preservation was awarded through BankPlus.

The PGP funds will be used for an architectural survey.

Mark Ouellette, senior vice president and director of Affordable Housing at BankPlus, said that investment in communities is crucial for their success.

“Projects like this can make a big impact on a community. The restoration of the Lundy House is significant to Holmes County and demonstrates BankPlus’ continued commitment to this area.”

Under the PGP program, FHLB Dallas member institutions contribute $500 to $4,000 to a nonprofit, which FHLB Dallas matches at a 3:1 ratio to provide up to $12,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.

For more information about the 2023 PGP grants and other FHLB Dallas community investment products and programs, please visit Partnership Grant Program.

Do you have a success story using FHLB Dallas programs? We would love to hear from you! Submit your story here.

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