FHLB Dallas and Bonvenu Bank Award $351K to Habitat for Humanity St. Tammany West
'These funds have the potential to help so many residents ensure that their homes are secure and able to withstand what storms may come."
Share
Terri Gage, president and CEO of Habitat for Humanity St. Tammany West, says that without the funds, many residents would not be able to afford to repair their homes.
'In Louisiana we are finding more and more need for repairs to homes,' she said. 'I can't stress enough the importance of the funding. Not only do we have a significant insurance crisis in Louisiana, it's also a real struggle for low-income families to maintain their homes. The FHLB Dallas FORTIFIED Fund helps so many families in different ways.'
FORTIFIED roofs are installed to withstand damage from high wind, hail and thunderstorms. Homeowners can qualify for FHLB Dallas FORTIFIED Fund grants up to $15,000 for roof replacements and up to $7,500 for roofs on new construction. In 2025, $10 million is available through member institutions within the FHLB Dallas District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.
For 2025, FHLB Dallas set aside $4 million of its AHP allocation for the DRA program.
As an example of how the DRA funds are used, an elderly local homeowner whose home was damaged by Hurricane Ida three and a half years ago was awarded $14,974 in DRA funds to repair significant roof and window damage. The FHLB Dallas DRA program provides grants for the repair, rehabilitation and reconstruction of owner-occupied housing affected by a disaster event in a federally declared disaster area within the FHLB Dallas District.
'This funding is extremely important for low-income homeowners in St. Tammany Parish and throughout Louisiana,' said Michael Colston, vice president and community development officer at Bonvenu Bank. 'We are excited to be a part of this program and stand ready to help communities with our available resources.'
'Bonvenu has been a strong partner of FHLB Dallas,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. 'These funds have the potential to help so many residents ensure that their homes are secure and able to withstand what storms may come.'
Visit the FHLB Dallas FORTIFIED Fund and Disaster Recovery Assistance pages at fhlb.com to learn more.
About Bonvenu Bank
Bonvenu Bank is a community bank in Louisiana that offers a variety of banking services for individuals and businesses. Formerly Citizens National Bank, Bonvenu Bank was established in 1985, and has 14 full-service branch locations throughout Louisiana. Committed to offering an elevated banking experience, Bonvenu strives to build a prosperous future for the communities it serves. Bonvenu Bank has been a leading financial partner for businesses and individuals in Northwest Louisiana for 40 years.
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 $109.9 billion as of March 31, 2025, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Meme Rally Sparks Opendoor (OPEN) Jump by 62.6%
We recently published . Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the last week's top performers. Opendoor Technologies saw its share prices jump by 62.6 percent week-on-week, in what appeared to be a meme rally amid the lack of fresh catalysts to spark buying appetite. Additionally, investors appeared to have taken path from a transaction triggered by a prominent crypto investor and podcast host, who announced on social media on Wednesday that he had personally acquired shares in Opendoor Technologies Inc. (NASDAQ:OPEN). 'I believe retail investors are a powerful force in financial markets. They can help a company grow, generate new ideas, and bring valuable attention to a narrative,' said Anthony Pompliano, who serves as CEO of ProCap Acquisition Corp. and a former employee of Meta Platforms. Pompliano also owns a podcast called The Pomp Podcast and a YouTube channel under his name, where he discusses topics about crypto, business, and investing. To date, his channel has more than 624,000 subscribers. Meanwhile, Opendoor Technologies Inc. (NASDAQ:OPEN) recently regained compliance from the Nasdaq after it notified the company earlier this year of its failure to meet the $1 minimum bid price requirement to stay listed. 20 Affordable, Promising Cities to Buy Real Estate in 2024 The issue was resolved after Opendoor Technologies Inc. (NASDAQ:OPEN) announced on August 1 that it had successfully traded above the minimum level for 12 consecutive days from July 15 to 30. While we acknowledge the potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
Wedderspoon Organic owner Florenz strikes deal to buy fellow honey firm Comvita
New Zealand's Comvita has agreed to a takeover bid from fellow Mānuka honey supplier Florenz. Florenz, which owns honey brand Wedderspoon Organic, has offered NZ$0.8 ($0.48) a share for Comvita. In a stock-exchange filing today (18 August), Comvita said its board "unanimously" recommended shareholders vote in favour of the bid. The offer represents a 67% premium to Comvita's closing share price on 15 August, values the company's equity at approximately NZ$56m and giving it an enterprise value of around NZ$119m. "Recent years have been challenging for Comvita and its shareholders, with sustained sector pressures, softer market conditions and the demands of a complex turnaround weighing on performance," Comvita chair Bridget Coates said. "Comvita has faced ongoing pressure from structural changes in the Mānuka honey sector, which continues to face oversupply, price and demand volatility, and intense competition, including online. Florenz is a subsidiary of Christchurch-based Masthead Limited and was set up to develop New Zealand's largest health and wellness export business. Its portfolio also includes supplements exporter Xtend-Life and sports-nutrition brand 2before Performance Nutrition. Coates added: "The environment is fragmented, with several participants under financial strain. Industry dynamics require consolidation at pace but sector leadership demands capital strength, scale and speed, which are not available to Comvita under its current capital structure." In June, Comvita has appointed Karl Gradon, a former CEO of a rival Manuka honey producer, as its new chief executive. From December 2015 to June 2018, he was CEO of New Zealand Mānuka Group. More recently, he was CEO of New Zealand dairy processor Miraka for three years up to this April. The company has focused on repositioning itself as a premium brand, investing in marketing, distribution, supply security and scientific credibility. Coates said: "Significant capital was invested in brand equity, distribution reach, supply security and scientific credibility to position Comvita for this opportunity. A number of these investments did not meet their objectives or deliver expected returns. In parallel, market growth did not materialise at the expected pace, competition intensified and oversupply created additional headwinds, reducing profitability. "Comvita has taken urgent steps to reduce costs, simplify operations, and protect long-term brand strength – which are delivering early results – and the brand remains the category leader in key markets. However, these factors alone are not sufficient to strengthen the balance sheet or position the business for long-term sustainability." June also saw Comvita warn it could book a 'material' impairment charge for the 2025 financial year, which closed at the end of the month. Commenting on trading conditions Coates said today they 'remained challenging', with the group expecting a 'significant loss' as well as a 'material write-down' of net assets as a result of impairment tests against inventories. She added: "Comvita's lenders are providing short-term accommodation but have signalled that a longer-term solution – through debt repayment or potential strategic transactions – is required." Comvita will present its full-year results on 29 August. "Wedderspoon Organic owner Florenz strikes deal to buy fellow honey firm Comvita " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12 hours ago
- Associated Press
Empery Digital Secures $25 Million Credit Facility to Fund Share Repurchases
AUSTIN, Texas--(BUSINESS WIRE)--Aug 18, 2025-- Empery Digital Inc. (NASDAQ: EMPD) (the 'Company' or 'Empery Digital') today announced that it has entered into a committed borrowing facility to provide the Company with immediate access to $25 million in USD for share repurchases. Drawdowns on the facility are at the sole option of Empery Digital, providing management the flexibility to act decisively if the market presents an opportunity to repurchase shares below net asset value (NAV). The Company also anticipates securing an additional $75 million in borrowing capacity through an uncommitted borrowing facility to fund share repurchases in excess of the $25 million. In addition, the Company today announced that it has amended its existing share repurchase agreement to decrease the fees to 1%, further demonstrating management's focus on lowering its costs while increasing bitcoin per share. 'These facilities and the amended share repurchase agreement provide us with the flexibility to strategically leverage a modest portion of our BTC portfolio to increase bitcoin per share through opportunistic share repurchases if our share price trades below NAV,' said Ryan Lane, Co-CEO & Chairman of Empery Digital. 'This approach is consistent with our stated strategy of increasing BTC per share regardless of whether our stock trades above or below NAV.' BTC Holdings Update Additionally, the Company today announced that since the last press release on August 12, 2025, the Company has acquired an additional 25.20 BTC for a total purchase price of $3.0 million. As of the time of this release, the Company holds 4,051.90 BTC acquired for an aggregate purchase price of approximately $476 million, reflecting an average purchase price of $117,554 per BTC. See real-time NAV Metrics on our dashboard here: Follow us on X: @EMPD_BTC About Empery Digital Inc. Built on Principles, Powered by Blockchain Effective as of July 17, 2025, the Company adopted a bitcoin treasury strategy with the goal of becoming a leading, low cost, capital efficient, globally trusted aggregator of bitcoin. Empery Digital (formerly Volcon) was founded as the first all-electric power sports company sourcing high-quality and sustainable electric vehicles for the outdoor community. The power sports brand will operate under the brand name Empery Mobility. Empery Mobility electric vehicles are the future of off-roading, not only because of their environmental benefits but also because of their near-silent operation, which allows for a more immersive and enjoyable outdoor experience. Forward-Looking Statements This press release includes forward-looking statements. These forward-looking statements generally can be identified by the use of words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'believe,' 'estimate,' 'forecast,' 'goal,' 'project,' and other words of similar meaning. These forward-looking statements address various matters including the statements relating to whether we will be able to obtain additional debt financing at terms that are acceptable for making share repurchases if our common stock is trading below NAV or if we will repurchase shares of our common stock at all. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, changes in business, market, financial, political and regulatory conditions; risks relating to the Company's operations and business, including the highly volatile nature of the price of Bitcoin and other cryptocurrencies; the risk that the Company's stock price may be highly correlated to the price of the digital assets that it holds; risks related to increased competition in the industries in which the Company does and will operate; risks relating to significant legal, commercial, regulatory and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purpose, as well as those risks and uncertainties identified under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other information the Company has or may file with the SEC, including those disclosed under Item 8.01 of the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on July 17, 2025. We caution investors not to place considerable reliance on the forward-looking statements contained in this press release. You are encouraged to read our filings with the SEC, available at for a discussion of these and other risks and uncertainties. The forward-looking statements in this press release speak only as of the date of this document, and we undertake no obligation to update or revise any of these statements. Our business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. View source version on CONTACT: Empery Digital Contacts For Media:[email protected] For Dealers:[email protected] For Investors:[email protected] For Marketing:[email protected] For Digital:[email protected] KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY EV/ELECTRIC VEHICLES FINANCE AUTOMOTIVE GENERAL AUTOMOTIVE PROFESSIONAL SERVICES BLOCKCHAIN PERFORMANCE & SPECIAL INTEREST CRYPTOCURRENCY SOURCE: Empery Digital Inc. Copyright Business Wire 2025. PUB: 08/18/2025 06:00 AM/DISC: 08/18/2025 06:00 AM
