FHLB Grants CUs Housing Funds

January 10, 2007, 9:17 p.m. EST 1 Min Read

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DALLAS – The Federal Home Loan Bank of Dallas announced yesterday that two of its credit union members were awarded $280,000 in affordable housing grants. The grants include a $200,000 award to MobilOil FCU, in Beaumont, Texas, which will administer a 20-unit project for Beaumont Habitat for Humanity; and $80,000 to First Delta FCU, in Marks, Miss., for a 12-unit project. The grants were part of $9.2 million awarded yesterday by the Dallas FHLB to help fund 65 projects providing 2,015 affordable housing units in five states.

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