Photo Release -- Comerica Bank and FHLB Dallas Award $20K to Housing
Opportunities of Fort Worth, Inc.
FORT WORTH, Texas, Nov. 15, 2013 (GLOBE NEWSWIRE) -- The Federal Home Loan
Bank of Dallas (FHLB Dallas) and Comerica Bank are pleased to announce they
have awarded a $20,000 grant to a Fort Worth, Texas, nonprofit.
Housing Opportunities of Fort Worth,
Inc., was awarded a $20,000 partnership
grant from Comerica Bank and the
Federal Home Loan Bank of Dallas.
A photo accompanying this release is available at
The $20,000 grant was awarded through FHLB Dallas' Partnership Grant Program
(PGP) to Housing Opportunities of Fort Worth, Inc. (HOFW), a nonprofit
established to assist low- to moderate-income families with accessing and
maintaining affordable homeownership through homebuyer education and housing
counseling. This 25-year-old organization provides one-on-one services in
English and Spanish to a vast majority of their customers.
"FHLB Dallas and Comerica Bank's donation is such a wonderful gift to our
community," said Fort Worth Mayor Betsy Price. "This thoughtful contribution
will help Housing Opportunities of Fort Worth continue to do what they do best
– provide counsel for families in need."
This is the second partnership grant HOFW has received in the past few years.
The grant was announced today at a check presentation and media event at
Comerica's 8^th – Magnolia Banking Center in Fort Worth.
"We will be using the grant to augment the other funds we get for homebuyer
education, default delinquency, and reverse equity mortgage counseling," said
David O'Brien, Jr., executive director of HOFW. "These funds are extremely
important to us because we do not charge for our services."
With a staff of only four people, HOFW serves roughly 500 families a year, all
in a one-on-one counseling setting.
"We realize that small, community-based organizations have very specialized
needs," said Bre Chapman, senior vice president and director of corporate
communications and external affairs at FHLB Dallas. "Our PGP provides funding
for the operational needs of small organizations so they can put more of their
funds toward furthering their missions within the communities they serve.
Comerica Bank has been a valued partner, and we appreciate its continued
support of the PGP and community organizations, such as HOFW, that promote
Through the PGP, FHLB Dallas awards partnership grants through its member
institutions, like Comerica Bank, to provide funding for the operational needs
of community-based organizations involved in affordable housing and community
development. FHLB Dallas matches a member's cash contribution to a
community-based organization of $500 up to $5,000 at a 3:1 ratio. In 2013,
FHLB Dallas awarded $225,000 in partnership grants through its member
In addition to the grant announced today for Housing Opportunities of Fort
Worth, FHLB Dallas and Comerica also awarded a $20,000 partnership grant to a
Mr. O'Brien said Comerica Bank has been an invaluable partner. The
organization learned of the PGP from Lueretha Slack, vice president and North
Texas CRA market manager for Comerica Bank.
"Comerica has been extremely valuable, as has Lueretha," Mr. O'Brien said. "We
live by the grace of private foundations and the mortgage industry, and the
fact that Comerica is literally down the street from my office and the fact we
have a good relationship with them helps us tremendously. Any time we have
funding from a financial institution, it helps us leverage funds we receive
from private foundations and HUD."
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
$31.3 billion as of September 30, 2013, is a member-owned cooperative that
supports housing and community development by providing competitively priced
loans and other credit products to approximately 900 members and associated
institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For
more information, visit the FHLB Dallas website at fhlb.com.
About Comerica Bank
Comerica Incorporated (NYSE:CMA) is a financial services company headquartered
in Dallas, Texas, and strategically aligned by three business segments: The
Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on
relationships, and helping people and businesses be successful. In addition to
Texas, Comerica Bank locations can be found in Arizona, California, Florida
and Michigan, with select businesses operating in several other states, as
well as in Canada and Mexico. To find Comerica Bank on Facebook, please visit
www.facebook.com/ComericaCares. Follow Comerica on Twitter at @ComericaCares
and follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.
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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