Banks Award Funds to Pet Parent to Purchase the Perfect Forever Home
NORTH LITTLE ROCK, Ark., July 07, 2023–(BUSINESS WIRE)–As a veteran family pet parent, Thomas Treweek felt limited in the leasings he resided in. Thankfully, this sensation is a distant memory as Mr. Treweek just recently moved into his very first home with the help of a $10,900 Homebuyer Equity Leverage Partnership (HELP) aid from the Federal Home Loan Bank of Dallas (FHLB Dallas) through its member, Centennial Bank.
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The Federal Home Loan Bank of Dallas, through its member Centennial Bank, supported an Arkansas homeowner with almost $11,000 in deposit support. (Photo: Business Wire)
FHLB Dallas reserved $6.5 countless its 2023 Affordable Housing Program funds for HELP. Through member organizations, HELP helps income-qualified, newbie property buyers with deposit support and closing expenses.
Mr. Treweek, 45, and his partner, found the HELP program through a friend who had actually gained from comparable support. HELP supplied funds towards a deposit on a two-bedroom home in North Little Rock, Arkansas, with a roomy yard for his 2 dogs. The entire procedure, from taking a look at houses to relocating, was finished within a month.
“The most significant relief of being a property owner is not needing to fret about somebody informing me I can’t have 2 dogs. In leasings, individuals desired me to pay more and frequently turned me down outright. This was frustrating as an animal enthusiast. Now, I can bring any animal that requires love into my home without the tiniest issue,” Mr. Treweek said.
Without the HELP financing, Mr. Treweek, who works as a meat cutter at a supermarket, said his imagine being a property owner would likely be a years away.
“We are grateful for the assistance from FHLB Dallas and the HELP program which is changing our neighborhood into among property owners,” said Hannah Ricks, CRA expert, at Centennial Bank.
HELP makes it possible for member banks to build long-lasting relationships with their clients, satisfying their most significant dream along the method — homeownership.
“Centennial Bank has actually been utilizing HELP for 15 years, which is a clear presentation of its dedication to cost effective housing,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
Visit fhlb.com/help for more information about the program.
About Centennial Bank
Centennial Bank, a Home Bancshares (NYSE HOMB) business, is a full-service banks with branches in Florida, Arkansas, Alabama, Texas, and New York and $22 Billion in overall properties. For more details, please see www.my100bank.com. Centennial Bank, Member FDIC, Equal Housing Lender.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is among 11 district banks in the FHLBank System produced by Congress in 1932. FHLB Dallas, with overall properties of $181.2 billion since March 31, 2023, is a member-owned cooperative that supports housing and neighborhood advancement by offering competitively priced loans and other credit items to around 800 members and associated organizations in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more details, visit our website at fhlb.com.
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Contacts
Corporate Communications
Federal Home Loan Bank of Dallas
fhlb.com
(214) 441-8445
