FHLB Dallas & First Federal Bank Award $100K to Project Build a Future
The Federal Home Loan Bank of Dallas (FHLB Dallas) has awarded a $100,000 Heirs’ Property Program grant to Project Build a Future (PBAF) in a ceremonial check presentation held yesterday. This funding, provided through FHLB Dallas member First Federal Bank of Louisiana, aims to support community education and legal assistance regarding heirship issues and property rights.
The grant will be divided into two major components. PBAF will allocate $25,000 to collaborate with the Southwest Louisiana Law Center (SWLA Law Center) to conduct educational sessions for the community. These sessions will provide expert insights and materials on heirship laws and property rights. The remaining $75,000 will be directed to the SWLA Law Center to assist individuals facing legal complexities related to property ownership.
Lake Charles Mayor Nic Hunter emphasized the significant challenges faced by homeowners in the aftermath of Hurricane Laura. “One of the most pressing challenges in our housing recovery is the issue of clear property titles. While there are numerous programs and funding sources available to help residents repair and rebuild their homes, many are unable to access these resources due to unresolved succession issues,” he explained. “I am thrilled that this grant has been awarded to Project Build a Future. Their efforts in the community are commendable, and this program will bring renewed hope to families still struggling with property title issues.”
Heirs’ property refers to land or homes passed down without a will or formal legal documentation. Over time, as property ownership transfers to successive generations, the number of heirs increases, complicating legal claims to the property. Without a clear title, homeowners may face difficulties securing loans, selling property, or accessing disaster recovery funds and assistance programs.
“This funding will enhance our mission to help Louisiana residents establish a secure future with a clear and legally recognized property title,” said Charla Blake, executive director of PBAF. “We look forward to making a meaningful impact on families and homeowners who have long been burdened by unresolved property issues.”
The Heirs’ Property Program, initiated by FHLB Dallas in 2023, has gained significant traction in addressing property title issues across its five-state district. In 2024, FHLB Dallas and 20 participating financial institutions collectively awarded $2 million in grants to 33 organizations. This initiative is expected to facilitate the resolution of approximately 560 property titles and provide educational support to over 5,670 individuals regarding heirship matters. Looking ahead to 2025, FHLB Dallas has earmarked an additional $3 million for the program.
Melissa Dickson, Community Reinvestment Act (CRA) manager at First Federal Bank of Louisiana, expressed her enthusiasm for being part of the initiative. “We are honored to contribute to the Heirs’ Property Program and to make a lasting impact on families in our community. The ability to assist residents in securing property rights is invaluable,” she stated.
Bruce Hatton, Community Marketing and Outreach Manager at FHLB Dallas, highlighted the importance and success of the Heirs’ Property Program since its inception. “This program provides crucial legal resources and educational opportunities for families who might otherwise struggle to navigate these complex legal processes. Being able to help individuals overcome these obstacles and secure their homes is incredibly rewarding,” he noted.
Heirs’ property challenges disproportionately impact low-income and minority communities, often leading to property loss, displacement, and economic hardship. Many affected families lack the financial resources to pursue legal remedies, leaving them vulnerable to property disputes or loss due to unpaid property taxes or development pressures.
By investing in community education and legal assistance, the Heirs’ Property Program seeks to address these longstanding issues and provide affected families with the tools and resources needed to secure their properties. Through partnerships with organizations like PBAF and the SWLA Law Center, FHLB Dallas and its participating members aim to foster stability, generational wealth, and long-term housing security for residents.
As awareness and demand for these services grow, stakeholders remain committed to expanding outreach efforts and advocating for policy changes that facilitate the resolution of heirship issues. Programs like these not only provide immediate relief but also establish a foundation for sustainable homeownership and economic empowerment in affected communities.
With continued financial backing and dedicated community engagement, initiatives like the Heirs’ Property Program are poised to create lasting change, ensuring that families can rightfully claim ownership of their homes and pass them down to future generations with confidence and security.
