Jueves 19 de Octubre 2017

$70K Grant to Help 10 Families Return Home 11 Years Post-Katrina

Whitney Bank and FHLB Dallas Award Affordable Housing Grant to “Project
Homecoming”

NEW ORLEANS–(BUSINESS WIRE)–Project Homecoming, a 501c3 nonprofit, has been awarded a $70,000
Affordable Housing Program (AHP) grant from Whitney Bank and the Federal
Home Loan Bank of Dallas (FHLB Dallas). The funds will support critical
repairs to 10 houses, allowing families to return home 11 years after
Hurricane Katrina.

“New Orleans is still rebuilding and bringing hundreds of families back
home,” said Kris Pottharst, executive director at Project Homecoming.
“Without partners like Whitney Bank and FHLB Dallas, who are aware of
this still-urgent need and are willing to invest in this very special
community, these homes would not be repaired and these long-term
residents would not live in safe and healthy homes once more. We are
thankful for this critical partnership and generous grant that allows us
to return these families home.”

The AHP grant, the first to Project Homecoming, will be matched by other
funding sources as part of a $485,000 restoration project.

“Whitney’s commitment to the city of New Orleans drives us to do all we
can to help our nonprofit partners preserve affordable homeownership for
our friends and neighbors,” said Ashley Aubrey Harrison, assistant vice
president and community affairs representative at Whitney Bank. “We
appreciate our FHLB Dallas membership and the ways in which it helps us
support our hometown.”

FHLB Dallas annually returns 10 percent of its profits in the form of
AHP grants to the communities served by its member institutions, like
Whitney Bank. AHP grants fund a variety of projects, including home
rehabilitation and modifications for low-income, elderly, and
special-needs residents; down payment and closing cost assistance for
qualified first-time homebuyers; and the construction of low-income,
multifamily rental communities and single-family homes.

Project Homecoming began as a foundation in 2006 under the auspices of
Presbyterian Disaster Assistance and the Presbytery of South Louisiana,
taking its name in 2007. The nonprofit hosts volunteer groups from
around the country to help rebuild the Big Easy.

“The AHP was designed, in part, for relief efforts like this,” said Greg
Hettrick, first vice president and director of Community Investment at
FHLB Dallas. “But we could not reach community-based organizations like
Project Homecoming, without the commitment of Whitney Bank to facilitate
AHP grants. Our partnership is helping to restore the city for all
citizens.”

In 2016, FHLB Dallas awarded $7.8 million in AHP grants to 27 projects
across its five-state District of Arkansas, Louisiana, Mississippi, New
Mexico, and Texas. The grants will help create 1,499 new or
rehabilitated housing units. Since the inception of the AHP in 1990,
FHLB Dallas has awarded more than $245 million in AHP grants to assist
more than 45,500 families.

About Whitney Bank

Since 1883 the Whitney Bank name has embodied core values of honor and
integrity, strength and stability, commitment to service, teamwork, and
personal responsibility. Part of the Hancock Holding Company financial
services family, Whitney Bank locations in Louisiana and Texas and
Hancock Bank locations in Mississippi, Alabama, and Florida provide a
full array of traditional and online consumer, business, commercial,
private banking, trust, investment, and mortgage services. More
information and online banking are available at www.hancockwhitney.com.

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 $54.4 billion as of June 30, 2016, is a member-owned
cooperative that supports housing and community development by providing
competitively priced advances and other credit products to approximately
850 members and associated institutions in Arkansas, Louisiana,
Mississippi, New Mexico, and Texas. Visit fhlb.com for
more information.

Contacts

Federal Home Loan Bank of Dallas
Corporate Communications,
214-441-8445
www.fhlb.com