Seven homes have received structural repairs thanks to a grant from the Federal Home Loan Bank of Dallas
GREENVILLE, Miss. – June 10, 2020 – Greater Greenville Housing and Revitalization Association, Inc. (GGHRA), in partnership with Southern Bancorp and Planters Bank and Trust Company (Planters Bank), was recently awarded a grant through the Federal Home Loan Bank of Dallas (FHLB) for the purpose of repairing or rehabilitating homes owned by elderly and/or disabled individuals. The grant, which was part of a $2.50 million program set-aside, was provided through the Special Needs Assistance Program (SNAP), a product of the FHLB’s Affordable Housing Program (AHP). Since the AHP's inception in 1990, FHLB has awarded more than $300 million in AHP funds to assist more than 53,500 households.
Specifically, this year’s funding was used to substantially rehabilitate seven (7) low-income, elderly and/or disabled households within Washington County. “Even though we utilize various sources of funding to help support our Homeowner Rehabilitation Program, SNAP funds have been instrumental in allowing us to serve the number of families we have over the past decade,” says Daniel Boggs, CEO of GGHRA. Boggs further states, “we are grateful for the partnerships we maintain with our community banks, and we are thankful that they understand the need for maintaining affordable housing within the Mississippi Delta. We could not do this without their support”. This is the fifth consecutive year that Planters Bank has supported an FHLB application for GGHRA, and the second for Southern Bancorp.
In addition to improving the living conditions of Washington County residents, GGHRA also understands the importance of impacting the local economy through grant programs. Specifically, over the past 10 years, GGHRA’s Homeowner Rehab Program has solely utilized local vendors and contractors to assist all 209 beneficiaries. This year’s award of $39,070.50 propelled the program's lifetime allocation to more than Nine Hundred Thousand Dollars.
Per the Department of Housing and Urban Development (HUD), the greater Greenville community maintains one of the highest concentrations of substandard housing for the state of Mississippi. Homeowner rehabilitation is one of the more popular programs that GGHRA offers to the greater Greenville community, as exemplified through the substantial waiting list GGHRA maintains for this program. The purpose of the program is to mitigate structural issues associated with the housing unit, alleviate physical decline, and to address health, safety, and wellness issues due to disrepair.
For more information regarding this program please visit www.gghra.com or contact them at 662-378-3121.