Federal Home Loan Bank of Dallas and Trustmark National Bank Award HELP Subsidy
Iliana Flores is a newly minted homeowner, thanks in part to $15,000 in Homebuyer Equity Leverage Partnership (HELP) funds from the Federal Home Loan Bank of Dallas (FHLB Dallas) through Trustmark National Bank.
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“HELP can make the difference for those on a budget, and I now encourage everyone in the homebuying process to check if they are eligible.”
FHLB Dallas set aside $6.5 million of its 2023 Affordable Housing Program funds for HELP. Through member institutions, HELP, whose funding has been fully allocated for 2023, assists income-qualified, first-time homebuyers like Ms. Flores with down payment assistance and closing costs.
The funds enabled the 38-year-old mother to make the down payment on a two-story, four-bedroom home in Dallas, Texas.
“My kids dreamed of a two-story home and I’m proud to have fulfilled their dream. HELP provided me with the confidence to clinch the deal,” Ms. Flores said. “HELP can make the difference for those on a budget, and I now encourage everyone in the homebuying process to check if they are eligible.”
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FHLB Dallas member Trustmark National Bank worked with Ms. Flores in the process.
“We take great pride in customizing financial support to suit the needs of our customers and we’re delighted to be a part of this momentous occasion for Ms. Flores’s family,” said Jaime Sisson, vice president, fair and responsible banking – senior CRA manager at Trustmark National Bank. “We aspire to increase homeownership in our communities and HELP is vital to achieving this goal.”
Since the beginning of the year, Trustmark National Bank has assisted 23 homebuyers with more than $300,000 in HELP funds.
“Trustmark National Bank has made exemplary use of its FHLB Dallas membership via the HELP program to advance affordable homeownership across multiple communities in several states,” said Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas.
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