Fidelity Bank and FHLB Dallas celebrate $178,000 award to owners of Habitat for Humanity of New Orleans
NEW ORLEANS–(BUSINESS WIRE)–Fidelity Bank and Federal Home Loan Bank of Dallas (FHLB Dallas) today celebrated awarding more than $178,000 to New Orleans-area Habitat for Humanity homeowners in the Crescent City, Louisiana.
In total, Fidelity Bank and FHLB Dallas provided $143,359 from FHLB Dallas’ Disaster Reconstruction Assistance (DRA) program and $35,000 from its Special Needs Assistance Program (SNAP).
Through member institutions, the DRA provides funds for the repair, rehabilitation, and reconstruction of disaster-affected owner-occupied housing in federally declared disaster areas in the FHLB Dallas District. SNAP provides grants for the repair and rehabilitation of owner-occupied housing for eligible individuals with special needs.
“Through this donation, we were able to provide critical repairs to homeowners in need,” said Marguerite Oestreicher, executive director of New Orleans Area Habitat for Humanity. “We are grateful that FHLB Dallas and Fidelity Bank recognize the importance of affordable homeownership and have made this investment in the New Orleans area.”
To celebrate, bank officials joined Crescent City-area homeowners Valerie Thornton Bartholomew and Betty Kennedy for ceremonial check presentations at their homes. Mrs. Thornton Bartholomew received $5,550 in SNAP funding to build a wheelchair ramp at her home and Mrs. Kennedy received $8,795.95 in DRA funds for a new roof.
Ms Thornton Bartholomew, 58, was diagnosed with multiple sclerosis around 14 years ago and now uses a wheelchair. As the disease progressed, several steps to her door made it difficult to enter and leave her house.
“That ramp meant life to her,” said Danica Bartholomew, her daughter. “We saw the quality of his life improve immediately. Instead of staying indoors all day, she is able to step outside and enjoy the larger world.
In 2022, FHLB Dallas has earmarked $750,000 of its 2022 Affordable Housing Program (AHP) funds for DRA and $1.5 million for SNAP. Funding for both has been exhausted for the year.
“New Orleans has learned to live with catastrophic weather events in its more than 300-year history,” said Chris Ferris, president and CEO of Fidelity Bank. “It is an honor to be able to help these women with the help of the DRA and SNAP funds.”
Bruce Hatton, vice president and affordable housing program manager at FHLB Dallas, said both programs are in high demand.
“Our SNAP funding is often allocated just days after it is released in January, and the DRA has been in high demand due to the number of storms that have hit the Gulf Coast region in recent years,” he said. . “We are grateful for our relationship with Fidelity Bank which has made these rewards possible.”
For more information on DRA, visit fhlb.com/dra. For more information about SNAP, visit fhlb.com/snap.
About Fidelity Bank
Founded in 1908, Fidelity Bank is a billion dollar mutual financial institution licensed by the State of Louisiana. Fidelity Bank offers a full range of banking services, with high integrity and personalized service to communities in Southeast Louisiana. Fidelity Bank’s mission is here for good. Visit Fidelity Bank or www.bankwithfidelity.com.
About Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $77.7 billion as of June 30, 2022, serves approximately 800 members and associated institutions in our five-state district of Arkansas, Louisiana, Mississippi, New Mexico and Texas. FHLB Dallas offers financial products and services, including advances (loans to members) and grant programs for affordable housing and economic development. For more information visit our website at fhlb.com.