FHLB Dallas and First Security Bank Award $30K Grant for Emergency Shelter

FHLB Dallas and First Security Bank Award $30K Grant to Combat Homelessness

Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and First Security Bank have awarded $30,000 in Partnership Grant Program (PGP) funding to the Conway Ministry Center. This funding will assist the nonprofit organization in its mission to reduce homelessness and poverty in the local community.

Addressing Poverty and Homelessness Through Innovation

The Conway Ministry Center, based in Arkansas, is a nonprofit dedicated to tackling poverty and homelessness. With this grant, the organization will support the salary of a shelter manager for the Refuge Family and Respite Shelter (the Refuge). As Arkansas’ first emergency housing program specifically designed for families with children, individuals with disabilities, and those with medical needs, the Refuge is a groundbreaking initiative.

The Refuge comprises 22 motel units that are being transformed into studio apartments. Beyond housing, the program offers comprehensive services such as wraparound case management, life skills classes, medical and behavioral healthcare, child tutoring, and job placement. These holistic services aim to empower residents and help them achieve long-term stability.

Collaborative Support for Community Impact

Johnny Adams, President and CEO of First Security Bank in Conway, shared his enthusiasm for the grant: “We are so pleased to be a part of FHLB Dallas’ Partnership Grant Program. These funds will help struggling Conway residents get on their feet.”

The Partnership Grant Program (PGP) is a key initiative of FHLB Dallas, designed to strengthen ties between community-based nonprofits and FHLB Dallas member institutions. Under the program, member institutions contribute $500 to $5,000 to a nonprofit, and FHLB Dallas matches these contributions at a 5:1 ratio, providing up to $25,000 per member. This innovative funding model amplifies the impact of local partnerships.

Broader Goals and Community Benefits

“Our Partnership Grant Program is extremely valuable to nonprofits and their communities,” said Greg Hettrick, Senior Vice President and Director of Community Investment at FHLB Dallas. “It’s gratifying to see how these grants make a tangible difference in the lives of people who need it most.”

The $30,000 grant to the Conway Ministry Center is part of a larger effort by FHLB Dallas. In 2024, the bank, in collaboration with its member institutions, awarded $1.2 million in PGP grants. These funds target organizations that address critical community needs, ensuring that resources are effectively allocated to where they are needed most.

The Refuge: A Holistic Approach to Emergency Housing

The Refuge Family and Respite Shelter stands out for its innovative approach to emergency housing. By converting motel units into studio apartments, the Refuge provides immediate shelter while also offering a supportive environment for families and individuals. Its wraparound services ensure that residents receive comprehensive support to address their unique challenges.

Key services include:

  • Life Skills Classes: Equipping residents with practical tools to navigate everyday challenges.
  • Healthcare: Providing medical and behavioral health services to address physical and mental well-being.
  • Child Tutoring: Supporting children’s academic growth and stability.
  • Job Placement Services: Empowering adults to reenter the workforce and achieve financial independence.

This multifaceted approach ensures that residents are not only housed but also supported in their journey toward self-sufficiency.

First Security Bank: A Partner in Community Development

First Security Bank, based in Searcy, Arkansas, is a significant partner in this initiative. Part of the privately held First Security Bancorp, the bank boasts $1.4 billion in total capital and $7.82 billion in assets. It offers a wide range of financial solutions, including community banking, investment banking, wealth management, public finance, real estate development, leasing, and mortgage services. With its deep ties to the local community, First Security Bank is uniquely positioned to address the needs of Conway residents.

FHLB Dallas: Supporting Housing and Community Development

The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank System, which was established by Congress in 1932. As of September 30, 2024, FHLB Dallas had total assets of $129.4 billion and served approximately 800 members and associated institutions across Arkansas, Louisiana, Mississippi, New Mexico, and Texas.

FHLB Dallas provides competitively priced loans and other credit products to its members, empowering them to invest in housing and community development. The Partnership Grant Program exemplifies the bank’s commitment to fostering collaborative solutions for societal challenges.

A Vision for Lasting Change

As the Conway Ministry Center continues its mission, the $30,000 grant from FHLB Dallas and First Security Bank marks a significant milestone. Programs like the Refuge are crucial for addressing homelessness and poverty, offering not just shelter but also the tools for long-term stability.

This partnership demonstrates the power of collaboration in creating meaningful change. By pooling resources and expertise, organizations like FHLB Dallas, First Security Bank, and the Conway Ministry Center are building a brighter future for those in need. The Refuge Family and Respite Shelter stands as a beacon of hope, showcasing what can be achieved through innovative and inclusive community support.

Read more: FHLB Dallas and First Security Bank Award $30K Grant for Emergency Shelter

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