Federal Home Loan Bank of Dallas and Bonvenu Bank Award $50K in Grants to Two Louisiana Nonprofits
Summary
"This grant will enable us to leverage the expertise of pro bono board members in financial literacy and real estate, train community leaders as advocates and establish a resource hub for ongoing support, ensuring the programs sustainability and long-term impact," said The BRidge Agency Founder and Executive Director Nicole Scott.The EnvisioNBR grant will fund resources for will planning and hosting community legal clinics to help protect family legacies in the neighborhoods of Bogan Walk, Easy Town, Eden Park and Greenville Extension. The absence of a deed or will can make it more complicated to obtain a clear title to land or homes as time passes. "We are so pleased to be a part of this program," said Michael Colston, VP community development officer and business banker at Bonvenu Bank. The funding will help clear an estimated 560 titles and assist more than 5,670 people with training and education regarding heirs issues. FHLB Dallas, with total assets of $129.4 billion as of September 30, 2024, is a member-owned cooperative 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.