Two Port Arthur homeowners get help after hurricane | Business

PORT ARTHUR, Texas–(BUSINESS WIRE)–February 23, 2022–

Two homeowners whose properties were damaged by Hurricane Harvey today received checks from Hancock Whitney and the Federal Home Loan Bank of Dallas (FHLB Dallas) to help fund needed repairs due to the water damage.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20220223006397/en/

Left to right: Trey Reynolds, Minister of Music, Borden Chapel Missionary Baptist Church (Borden Chapel); Rev. Dr. Airon Reynolds, senior pastor, Borden Chapel; Mary Stagg, owner and recipient of a grant with a check for $9,998; Mrs. Stagg’s husband, Gonzuella Williams; LaCarsha Babers, Assistant Vice President, Community Development Manager, Hancock Whitney; and Steven Matkovich, AHP Rental Project Manager, FHLB Dallas. (Photo: BusinessWire)

The owners each received a check for nearly $10,000 each from FHLB Dallas Disaster Reconstruction Assistance (DRA).

DRA grants provide funds up to $10,000 for the repair and rehabilitation of disaster-affected owner-occupied housing in federally declared disaster areas in the five-state district of FHLB Dallas, which covers Arkansas, Louisiana, Mississippi, New Mexico and Texas.

The grant covered a wide variety of home repairs and renovations for homeowners related to hurricane water damage, including subfloor and framing repairs, as well as new baseboards, drywall and upholstery. of ground.

“It was a relief to get these repairs, a very good blessing,” said Patricia Chorm, one of the DRA recipients. “I would pass visitors, and I wouldn’t let them in because of the state of my house, and now I can invite them.”

Mary Stagg said her floors suffered extensive damage due to flooding in the aftermath of Hurricane Harvey.

“It means everything to me,” Ms. Stagg said. “I didn’t have the means to make these repairs. That would have been hard to do even with a payment plan.

The Gulf Coast region is still recovering from Hurricane Harvey, even though it has been more than four years since flooding devastated the area, said LaCarsha Babers, assistant vice president and community development manager at Hancock Whitney.

“We appreciate our partnership with FHLB Dallas in providing these funds to help these homeowners who have lived with the devastation of the storm for so long,” she said.

In 2021, FHLB Dallas funded 123 DRA grants totaling $997,736, and for 2022 it has set aside $750,000. Funds are disbursed through member institutions like Hancock Whitney on a first-come, first-served basis, one owner at a time.

“Natural disasters can have devastating and lasting effects on entire communities,” said Greg Hettrick, senior vice president and director of community investment at FHLB Dallas. “We are grateful for the opportunity to partner with Hancock Whitney to bring some relief to the area.”

About Hancock Whitney

Since the late 1800s, Hancock Whitney has embodied the core values ​​of honor and integrity, strength and stability, commitment to service, teamwork and personal responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana and Texas offer comprehensive financial products and services, including traditional and online banking; corporate and small business banking; private banking; trust and investment services; health banking services; certain insurance services; and mortgage services. The company also operates a loan origination office in Nashville, Tennessee. BauerFinancial, Inc., the nation’s leading independent bank ratings and analyst firm, consistently recommends Hancock Whitney as one of America’s most financially sound banks. More information is available at www.hancockwhitney.com.

About Federal Home Loan Bank of Dallas

Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system established by Congress in 1932. FHLB Dallas, with total assets of $63.5 billion as of December 31, 2021, is a cooperative owned by its members 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 our website at fhlb.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220223006397/en/

CONTACT: Corporate Communications

Federal Home Loan Bank of Dallas

fhlb.com

(214) 441-8445

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

SECTOR KEYWORD: PROFESSIONAL SERVICES PHILANTHROPY RESIDENTIAL BUILDING & REAL ESTATE OTHER PHILANTHROPY FINANCE CONSTRUCTION & REAL ESTATE BANKING

SOURCE: Federal Home Loan Bank of Dallas

Copyright BusinessWire 2022.

PUBLISHED: 2/23/2022 7:36 PM / DISK: 2/23/2022 7:36 PM

http://www.businesswire.com/news/home/20220223006397/en

Comments are closed.