Photo Release -- Wells Fargo Bank and FHLB Dallas Award Partnership Grants to
Two Community-Based Organizations
ALBUQUERQUE, N.M., Dec. 13, 2012 (GLOBE NEWSWIRE) -- Representatives from
Wells Fargo Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas)
gathered Wednesday to award the New Mexico Project for Financial Literacy,
Inc. (NMPFL) and the Albuquerque Affordable Housing Coalition nearly $20,000
in Partnership Grant Program (PGP) funds.
New Mexico Project
Representatives from Wells Fargo Bank
and the Federal Home Loan Bank of
Dallas gathered Wednesday to award the
New Mexico Project for Financial
Literacy, Inc. and the Albuquerque
Affordable Housing Coalition nearly
$20,000 in Partnership Grant Program
A photo accompanying this release is available at
NMPFL was awarded $13,772 in PGP funds to assist with the execution of a new
program that provides financial care giving strategies to families and
professional caregivers of seniors in New Mexico. The Albuquerque Affordable
Housing Coalition was awarded $6,000 to assist with operating and
"This community, any community, relies on a great many partners working
collaborativelyif it is to make any progress," said State Senator Jerry Ortiz
y Pino, D – Albuquerque. "The support from the Federal Home Loan Bank of
Dallas and Wells Fargo for financial literacy and affordable housing in
Albuquerque is a great example of this.Their financial assistance coupled
with the old-fashioned mentaland physical elbow grease of the local
nonprofits that received the funds will ultimately help produce a more
livable, nurturing community."
Partnership grants are awarded through FHLB Dallas member institutions, such
as Wells Fargo, to assist with the operational needs of nonprofit,
community-based organizations involved in affordable housing and community
development. Partnership grants are based on cash contributions of $500 to
$5,000 made by FHLB Dallas member institutions, which FHLB Dallas matches at a
3:1 ratio. FHLB Dallas awarded $225,000 in PGP grants this year.
"The two organizations we are supporting through the Partnership Grant Program
showcase our commitment to partnering with organizations in the communities we
serve," said Pat Nie, vice president, community development, at Wells Fargo.
"NMPFL and the Albuquerque Affordable Housing Coalition provide much-needed
services to the area, and we are proud to play a role in funding their
NMPFL is a nonprofit organization that provides quality, financial education
in New Mexico. The organization works with businesses, state agencies, and
nonprofit organizations to deliver financial education and financial life
skills to the citizens and residents of New Mexico, including financial
information for homebuyers. NMPFL will use the PGP funds to expand its program
to provide a 10-hour financial care giving course for professional and family
caregivers of seniors, according to Vicki Van Horn, executive director of
"The course is for people who know seniors, have seniors in their family, or
will be seniors themselves one day," she said. "The course will be co-taught
with a financial planner and social worker, and will cover strategies for
dealing with siblings, active listening skills, opening difficult discussions,
housing issues, social security, estate planning, and a variety of other
This is the third partnership grant NMPFL has received.
"I'm really excited about this course. We already have two sessions
scheduled," Ms. Van Horn said. "It would have been impossible without the
money we got from the PGP and other donors."
The Albuquerque Affordable Housing Coalition will use its PGP funds for
educational programming related to the 2013 Albuquerque bond cycle ballot
question on the Workforce Housing Trust Fund. Created in 2006, the Workforce
Housing Trust Fund provides ongoing funding to develop high-quality affordable
housing for veterans, seniors, and low-wage workers.
"We try to facilitate discussion around the need for affordable housing," said
Louis Kolker, chairman of the coalition. "It's always nice to have money come
your way. As an organization that has no steady stream of income, it's very
helpful to get support from financial institutions like FHLB Dallas and Wells
Fargo. The money is very welcome and very appreciated."
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 12 district banks in the
FHLBank System created by Congress in 1932. FHLB Dallas, with total assets of
$35.2 billion as of September 30, 2012, is a member-owned cooperative that
supports housing and community development by providing competitively priced
advances and other credit products to more than 900 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas.
The Federal Home Loan Bank of Dallas logo is available at
The photo is also available via AP PhotoExpress
CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Dallas Logo
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