Posted: Sep 22, 2011 2:26 PM
Source: Baton Rouge Mayor's Office
The Federal Home Loan Bank of Dallas is awarding a $150,000 grant to help 15 low-income families purchase homes through Habitat for Humanity of Greater Baton Rouge.
The Affordable Housing Program (AHP) grant, provided through Whitney Bank, is part of $11 million that is being awarded this year to a total of 53 affordable housing projects in the Federal Home Loan Bank of Dallas's five-state district, which includes Louisiana, Arkansas, Mississippi, Texas and New Mexico.
In all, these projects will result in the creation or rehabilitation of 1,653 housing units for deserving families.
Mayor-President Melvin "Kip" Holden, who helped Habitat for Humanity secure the grant, said the money will change the lives of 15 East Baton Rouge families by making them homeowners.
According to Michael Lambert, government and industry liaison for the Federal Home Loan Bank of Dallas' corporation communications, the bank has awarded more than $214 million in AHP grants since the project was created in 1990 to help approximately 40,000 families obtain safe, affordable and quality housing.