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Investar Bank and FHLB Dallas Award More Than $15K to Three Nonprofits
Grants Will Assist the Baton Rouge and New Orleans Area Organizations BATON ROUGE, La.--(BUSINESS WIRE)-- Investar Bank, National Association (Investar) and
About this update from Investar Holding Corporation
[{"type":"text","content":"\nGrants Will Assist the Baton Rouge and New Orleans Area Organizations\n\n BATON ROUGE, La.--(BUSINESS WIRE)--\nInvestar Bank, National Association (Investar) and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a total of $15,450 in Partnership Grant Program (PGP) funds to Scotlandville Community Development Corp. of Baton Rouge, Tulane/Canal Neighborhood Development Corp. of New Orleans and West 30’s Redemption Co. (West 30’s) of Mandeville, Louisiana.\n\n\nPGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are critical to serving their communities.\n\n\n“Investar is proud to support the great work of these three nonprofits,” said Ryan Finnan, consumer banking president at Investar. “Rosalind Jones, our community development officer for Baton Rouge, and Prax Melancon, community development officer for New Orleans, are vital to building relationships to offer affordable housing solutions to those with low to moderate incomes. By joining with the Federal Home Loan Bank of Dallas for these grants, we were able to help defray some of the administrative costs that can be a challenge for charitable organizations.”\n\n\nThe three community-based organizations (CBOs) will use the grant money in the following ways:\n\n\nScotlandville Community Development Corp., Baton Rouge, $6,000 \n\n\nScotlandville’s mission is to revitalize the community through affordable housing, economic investment and social development. Over the years, it has built and renovated homes for low- to moderate-income residents. Scotlandville Community Development Corp. plans to use the grant to conduct educational and financial seminars and for external communications and operational support.\n\n\nTulane/Canal Neighborhood Development Corp., New Orleans, $6,000\n\n\nTulane/Canal Neighborhood Development Corp. helps make housing more affordable and safer for families in the Tulane Gravier and Treme neighborhoods of New Orleans by developing affordable housing, providing financial counseling for clients and offering repairs for owner-occupied properties. The grant will be used to offset the cost of salaries, homebuyer counseling software and phone bills.\n\n\nWest 30’s Redemption Co., Mandeville, $3,450 \n\n\nWest 30’s mission is to help families through the blessing of homeownership in t...