Latest news with #Heirs'PropertyProgram
Yahoo
28-03-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas and First Federal Bank of Louisiana Award $100K Grant to Project Build a Future
Funds Will Support Education and Legal Issues LAKE CHARLES, La., March 28, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $100,000 Heirs' Property Program grant to Project Build a Future (PBAF) in a ceremonial check presentation yesterday. The funds, awarded through FHLB Dallas member First Federal Bank of Louisiana, will be used for community experts to inform and educate the community about heirship issues, as well as assist clients with property issues. PBAF will use $25,000 to work with the Southwest Louisiana Law Center (SWLA Law Center), to provide opportunities for community experts to deliver information sessions with educational materials. The remaining grant funds ($75,000) will be provided to the SWLA Law Center to assist clients. "One of the most significant and lingering challenges we face with housing recovery post-Hurricane Laura is the obstacle of clear titles on homeownership," said Lake Charles Mayor Nic Hunter. "There are programs and funds out there to help our residents repair and, in some cases, rebuild their homes. Some residents are unable to access these funds because a succession was never completed…This is why I am thrilled to hear of this grant being awarded to Project Build A Future. They do incredible work in our community every day, and this program in particular, will bring hope to a number of families who are still struggling." Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "These funds will strengthen our efforts to help Louisiana residents secure a strong future with a clear title to their home," said Charla Blake, executive director of PBAF. In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in FHLB Dallas' five-state District. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. $3 million has been allocated for 2025. "We are so pleased to be a part of the Heirs' Property Program and to make a real impact in families' lives," said Melissa Dickson, CRA manager at First Federal Bank of Louisiana. Bruce Hatton, Community Marketing and Outreach Manager at FHLB Dallas, says the Heirs' Property Program has been extremely popular since its inception in 2023. "This program helps those who might not otherwise have access to legal resources and education," he said. "It's extremely gratifying to be able to assist those who have been subjected to hardship, and to help put them on the path of a secure future." For more information about the Heirs' Property Program, visit About the First Federal Bank of Louisiana First Federal Bank of Louisiana is a full-service, locally owned community bank that has helped build the communities we serve for over 75 years. With 16 offices currently serving multiple parishes across Southwest and Central Louisiana, it offers customers comprehensive retail and commercial products as well as investments and insurance services to meet all of their financial needs. Visit to learn more. Member FDIC, Equal Housing Lender. 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 $127.7 billion as of December 31, 2024, 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 About Project Build a Future Project Build a Future (PBAF) is a nonprofit corporation committed to revitalizing its target area through quality, affordable home-ownership initiatives. Its target area encompasses the sections North of Broad Street in Lake Charles, LA. In addition, PBAF offers homebuyer counseling services that lay a solid foundation for financial success of homebuyers which strengthens their ability to be successful over the long term. In fact, PBAF has seen no foreclosures on any of its homes since its inception in 2001. About the Southwest LA Law Center The Southwest LA Law Center (SWLLC) is a "Modest Means" law firm which provides affordable legal assistance to those persons who do not qualify for free legal services. A sliding fee scale is used to determine the cost for representation. The Law Center has been serving the underprivileged communities of Southwest Louisiana since 1967 with measurable success and are proud of the deep tradition of excellence, ensuring only the highest quality of service to clients. View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445
Yahoo
21-02-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas and TexasBank Award $25K Grant to Texas Nonprofit
Funds Will Be Used to Educate the Tarrant County Community About Heirs' Property Issues FORT WORTH, Texas, February 21, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member TexasBank, awarded a $25,000 Heirs' Property Program grant to Opening Doors for Women in Need (ODWIN) in Fort Worth, Texas this week. The funds will be used to educate women in Tarrant County about heirs' property issues. "I've seen neighbors lose their property because of a lack of information about how probate works," said Dr. Sandra Stanley, founder and CEO at ODWIN. "These women have very few resources. Our goal is to help them retain ownership of their homes." ODWIN often works with women who have been recently incarcerated and helps women overcome obstacles and barriers they face when released from prison. Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "At TexasBank, our commitment to community drives everything we do. Homeownership is a cornerstone of financial stability, and the Heirs' Property Program helps protect that foundation," said Greg Dodds, President and CEO of TexasBank. "We are proud to support this initiative and remain dedicated to fostering economic growth and generational wealth for families across Texas." In 2024, FHLB Dallas and 20 participating members awarded $2 million in Heirs' Property Program grants to 33 organizations in its five-state District. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. "We've seen a surge of interest from organizations like ODWIN in the program since its inception in mid-2023," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "We've increased our offering from $1 million in 2023 to $2 million in 2024 and $3 million in 2025." Learn more about the FHLB Dallas Heirs' Property Program. About TexasBank TexasBank is a full-service community bank. It operates throughout West and Central Texas including Brown, Comanche, Erath and Eastland counties and the cities of Austin, Dallas, El Paso, Fort Worth and Weatherford. Our mission is to profitably deliver high quality customer service by investing in our communities, meeting the financial needs of our customers, fostering the development of a motivated and dedicated staff and delivering superior results to our shareholders. 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 $129.4 billion as of September 30, 2024, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445
Yahoo
13-02-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas and Bonvenu Bank Award $50K in Grants to Two Louisiana Nonprofits
Funds Will Be Used for Financial Property Education, Will Planning and Legal Clinics BATON ROUGE, La., February 13, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Bonvenu Bank, awarded $50,000 in Heirs' Property Program grants to two organizations that support resolving heirs' property issues in the Baton Rouge, Louisiana, area. The BRidge Agency and EnvisioNBR each received a $25,000 grant at a ceremonial check presentation today. The funds will be used to assist low-income families to resolve heirs' property title issues. The BRidge Agency grant will be used in part to implement the "Legacy Literacy 4 All" initiative, which focuses on providing marginalized communities in Baton Rouge with education and awareness about executing wills and deeds, as well as property financial literacy. "This grant will enable us to leverage the expertise of pro bono board members in financial literacy and real estate, train community leaders as advocates and establish a resource hub for ongoing support, ensuring the program's sustainability and long-term impact," said The BRidge Agency Founder and Executive Director Nicole Scott. The EnvisioNBR grant will fund resources for will planning and hosting community legal clinics to help protect family legacies in the neighborhoods of Bogan Walk, Easy Town, Eden Park and Greenville Extension. "This grant will preserve homeownership, empower residents to secure their futures and build a stronger North Baton Rouge for generations to come," said Founding Executive Director of EnvisioNBR Ashlé Young. Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "We are so pleased to be a part of this program," said Michael Colston, VP community development officer and business banker at Bonvenu Bank. "Helping Louisianans with home ownership benefits not only the families involved, but the community as a whole. We hope to be a part of it for many years to come." In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in our five-state region. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. "The Heirs' Property Program enables families to protect their legacy and secure their future," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. Learn more about the FHLB Dallas Heirs' Property Program. 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 $129.4 billion as of September 30, 2024, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Sign in to access your portfolio
Associated Press
13-02-2025
- Business
- Associated Press
Federal Home Loan Bank of Dallas and Bonvenu Bank Award $50K in Grants to Two Louisiana Nonprofits
The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Bonvenu Bank, awarded $50,000 in Heirs' Property Program grants to two organizations that support resolving heirs' property issues in the Baton Rouge, Louisiana, area. This press release features multimedia. View the full release here: Representatives from FHLB Dallas, Bonvenu Bank, the BRidge Agency and EnvisioNBR celebrate Heirs' Property Program funds. (Photo: Business Wire) The BRidge Agency and EnvisioNBR each received a $25,000 grant at a ceremonial check presentation today. The funds will be used to assist low-income families to resolve heirs' property title issues. The BRidge Agency grant will be used in part to implement the 'Legacy Literacy 4 All' initiative, which focuses on providing marginalized communities in Baton Rouge with education and awareness about executing wills and deeds, as well as property financial literacy. 'This grant will enable us to leverage the expertise of pro bono board members in financial literacy and real estate, train community leaders as advocates and establish a resource hub for ongoing support, ensuring the program's sustainability and long-term impact,' said The BRidge Agency Founder and Executive Director Nicole Scott. The EnvisioNBR grant will fund resources for will planning and hosting community legal clinics to help protect family legacies in the neighborhoods of Bogan Walk, Easy Town, Eden Park and Greenville Extension. 'This grant will preserve homeownership, empower residents to secure their futures and build a stronger North Baton Rouge for generations to come,' said Founding Executive Director of EnvisioNBR Ashlé Young. Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. 'We are so pleased to be a part of this program,' said Michael Colston, VP community development officer and business banker at Bonvenu Bank. 'Helping Louisianans with home ownership benefits not only the families involved, but the community as a whole. We hope to be a part of it for many years to come.' In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in our five-state region. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. 'The Heirs' Property Program enables families to protect their legacy and secure their future,' said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. Learn more about the FHLB Dallas Heirs' Property Program. 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 $129.4 billion as of September 30, 2024, 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 Federal Home Loan Bank of Dallas SOURCE: Federal Home Loan Bank of Dallas Copyright Business Wire 2025. PUB: 02/13/2025 05:04 PM/DISC: 02/13/2025 05:04 PM
Yahoo
13-02-2025
- Business
- Yahoo
Federal Home Loan Bank of Dallas and Bonvenu Bank Award $25K Grant to The Fuller Center for Housing of Northwest Louisiana
Funds Will Be Used for Financial Property Education BOSSIER CITY, La., February 13, 2025--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas), through its member Bonvenu Bank, awarded a $25,000 Heirs' Property Program grant to the Fuller Center for Housing of Northwest Louisiana (Fuller Center) during a ceremonial check presentation this week. The funds will be used to assist low- to moderate-income families with resolving heirs' property title issues such as wills, succession and education. "These funds will help us reach more people, efficiently search for property owners and make the succession process very simple," said Fuller Center Executive Director Lee Jeter. "Most people in this income bracket don't have the financial resources for these types of things, so anything we can do to make the process easier is extremely valuable." Heirs' property refers to property inherited without a will or legal documentation of ownership. As property is passed down, each successive generation typically results in more heirs being added to the inheritance. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "Giving back and helping our community is a win-win situation," said Michael Colston, vice president and community development officer at Bonvenu Bank. "Enabling new homeowners to retain their homes and keeping property in families builds generational wealth, and not only helps the families immensely, but also the community as a whole." In 2024, FHLB Dallas and 20 participating members awarded $2 million to 33 organizations in its five-state region. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs' issues. "The Heirs' Property Program funds have been highly sought-after," said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas. "So much so that we've added an additional $1 million to our offering in 2025." Learn more about the FHLB Dallas Heirs' Property Program. 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 $129.4 billion as of September 30, 2024, 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 View source version on Contacts Corporate CommunicationsFederal Home Loan Bank of (214) 441-8445 Sign in to access your portfolio
