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BancorpSouth and Federal Home Loan Bank Award Grant To Hope Downtown Network

By Mary Kate Jeffries, 10/7/21 7:20 AM

BancorpSouth Bank and the Federal Home Loan Bank of Dallas awarded $78,222 in Partnership Grant Program (PGP) matching-grant funding to 10 nonprofits in Arkansas, Mississippi and Louisiana. PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are critical to serving their communities. The Arkansas organizations which received funding are:

Hope Downtown Network, Hope, Arkansas, $4,000, makes and promotes improvements to the downtown area of Hope, Arkansas.

IN Affordable Housing, Little Rock, Arkansas, $1,117, creates and preserves affordable housing opportunities in targeted neighborhoods for families with limited incomes through training, financial education and advocacy.

In addition, in 2021 both Hope Downtown Network and IN Affordable Housing received previous grants from Bancorp South and the Federal Home Loan Bank of Dallas. For 2021, FHLB Dallas awarded $400,000 in PGP grants, and its members provided an additional $200,250 for an impact of more than $600,000 in its five-state District of Arkansas, Louisiana, Mississippi, New Mexico and Texas.