Trustmark National Bank, FHLB Dallas, and McComb Housing Authority Giving Hope to Public Housing Residents
MCCOMB, Miss., Oct. 29, 2014 /PRNewswire-USNewswire/ -- Trustmark National Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have embarked on an ambitious project with the McComb Housing Authority (MHA) to demolish, reconfigure, and redevelop 26 public housing units.
FHLB Dallas, through Trustmark National Bank – a member institution of FHLB Dallas, has awarded MHA with a $182,000 Affordable Housing Program (AHP) grant for the project. Art Schuldt, president of Housing Solutions Alliance, says the grant is greatly needed.
"Millwood Village will replace a portion of Utopian Homes, public housing that was built in the 1950s. It's dilapidated and is a safety concern for our community," says Mr. Schuldt. "We have a tremendous opportunity here to redevelop the property and provide our residents safer, more suitable living conditions. We couldn't do this without the support of partners like Trustmark National Bank and FHLB Dallas."
Steffani Jenkins, first vice president and community development director with Trustmark National Bank, points out that this is a collaborative initiative involving many parties. She says the bank became involved because it saw a need and wanted to help.
"Millwood Village will be home to many low-income families in our community, and we believe every member of our community should be afforded the opportunity to live in a clean, safe environment," adds Ms. Jenkins. "This project is stimulating economic growth, creating jobs, and is giving public housing residents in McComb hope for a brighter future."
Greg Hettrick, vice president and director of community investment with FHLB Dallas, adds, "We are proud to support member institutions like Trustmark National Bank and their efforts to work with community outreach organizations to find viable solutions to problems plaguing our communities."
About Trustmark
Trustmark Corporation is a diversified financial services company headquartered in Jackson, Mississippi, with approximately $12 billion in assets and more than 200 locations in Alabama, Florida, Mississippi, Tennessee and Texas. Trustmark provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc. and Fisher Brown Bottrell Insurance, Inc. Visit www.trustmark.com for more information.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHL Bank System created by Congress in 1932. FHLB Dallas, with total assets of $37.5 billion as of September 30, 2014, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 900 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
Contact:
Corporate Communications
Federal Home Loan Bank of Dallas
www.fhlb.com
(214) 441-8445
Photo - http://photos.prnewswire.com/prnh/20140729/130876
SOURCE Federal Home Loan Bank of Dallas
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