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Stock impact report

FHLB Dallas, Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Award Nearly $4M in Affordable Housing Funds to Gulf Coast Housing Partnership [Yahoo! Finance]

Red River Bancshares, Inc. (RRBI) 
Company Research Source: Yahoo! Finance
NEW ORLEANS, February 02, 2024 BUSINESS WIRE )--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $3.98 million through members Home Bank, Fifth District Savings Bank, Red River Bank and Trustmark to Gulf Coast Housing Partnership (GCHP). The Affordable Housing Program (AHP) grants will support seven affordable housing projects in Louisiana and Mississippi. The awards were celebrated during a ceremonial check presentation. Kathy Laborde, president and CEO, GCHP, noted the importance of the funding. "We are grateful to FHLB Dallas, Red River Bank, Trustmark, Home Bank and Fifth District Savings Bank," she said. "Their investment provides the necessary gap funding to help bring these ventures to fruition and will have far reaching benefits for communities across Louisiana and Mississippi." The funds are part of $28.4 million in AHP grants provided by FHLB Dallas through its member financial institutions in 2023. They will help create 2,677 new or rehabilitated housing un Show less Read more
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