The Banks Provided the Grant to Guadalupe Neighborhood Development Corp.
Horizon Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $36,000 Partnership Grant Program (PGP) award to Guadalupe Neighborhood Development Corp. to assist people whose livelihoods were impacted by COVID-19.
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Horizon Bank & FHLB Dallas have awarded a $36K grant to Neighborhood Development Corp. in Austin, TX, to assist people impacted by COVID-19.
PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are critical to serving their communities.
Since its formation in 1981, Austin, Texas-based GNDC has rehabilitated more than 100 homes, making homeowners of more than 50 families and offering a rental program of 64 single-family and 57 multifamily units that provide quality, affordable and accessible housing to low-income families. GNDC will use the PGP grant for a COVID-19 rental assistance fund to help tenants who have lost work during the pandemic.
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“The PGP grants came just in time as we now seem to be getting contacted almost daily by tenants who have either tested positive or are experiencing the symptoms and are awaiting test results. That’s in addition to the folks who lost work hours or jobs during these trying times. We are really thankful for the partnership between Horizon Bank and FHLB Dallas,” said GNDC Executive Director Mark Rogers.
Horizon Bank said GNDC is on the front lines helping people whose finances may be under extreme stress.
“We know early federal stimulus funds helped carry people through the initial months of unemployment. However, we also understand that the bulk of those funds have already been disbursed and there are still tough days ahead for people in our communities that have lost their jobs,” said Gregg Bennett, executive vice president of operations at Horizon Bank. “We are thankful these PGP funds were available.”
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