Carpenter's Helper gets $29,200 in grants - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Carpenter's Helper gets $29,200 in grants

HATTIESBURG, MS (WDAM) - Several local banks and a federal home loan institution have awarded a Hattiesburg-based organization which rehabilitates substandard housing nearly $30,000 in grants. The Federal Home Loan Bank of Dallas and 5 other banks have given The Carpenter's Helper 5 Partnership Grant Program awards totaling $29,200.

The Carpenter's Helper serves elderly and low-income homeowners in Forrest, Lamar and Perry counties.

The grants are given to non-profit groups which assist with affordable housing and community development.

"Each member bank can contribute anywhere from $500 up to $5,000 and we will match that contribution on a 3-to-1 ratio," said Mark A. Loya, senior affordable housing analyst for the Federal Home Loan Bank of Dallas.

"I'm excited about it," said Tom Smith, executive director for The Carpenter's Helper. "It's a great opportunity for us to move forward and help a lot of people," Smith said.

The 5 local banks which contributed to the grants are the Citizens Bank of Philadelphia, The First, A National Banking Association, Grand Bank for Savings, Magnolia State Bank and Trustmark National Bank.  

Since its founding in 2004, The Carpenter's Helper has assisted more than 1,200 homeowners.

Copyright 2011 WDAM. All rights reserved.

 

Powered by Frankly