FARMINGTON, NM – (BUSINESS WIRE) – Nov. September 2021–
Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) have granted $ 17,000 to People Assisting the Homeless (PATH) in Farmington, New Mexico under the Partnership Grant Program (PGP).
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PATH’s services include homeless shelter, as seen here, as well as temporary housing. (Photo: Business Wire)
PATH provides emergency shelter for the homeless, a transitional housing program, and a variety of support services for people living in San Juan County and Farmington, New Mexico.
“Funding from the PGP grant will help us with the business expenses we incur in providing services to homeless individuals and families in the Farmington area,” said Amanda Lobato, chief executive officer of PATH. “We are grateful for this cash injection.”
For 2021, the 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 ready. The grants help qualified nonprofits fund a variety of operational and administrative activities that are critical to the service of their communities.
“Wells Fargo is honored to be working with FHLB Dallas to provide this financial boost to PATH, which has long served New Mexico’s vulnerable populations,” said Patricia Parina, vice president and relationship manager, Wells Fargo.
Through this unique program, FHLB Dallas member institutions donate $ 500 to $ 4,000 to a Community-based Organization (CBO), a 501 (c) (3) nonprofit that matches FHLB Dallas at a 3: 1 ratio To provide the CBO with up to US $ 24,000 per member and US $ 60,000 per year in grants. PGP scholarships are awarded annually by the member institutes of FHLB Dallas and help promote and strengthen relationships between CBOs and members.
“Wells Fargo has been an active participant in the PGP for more than a decade, testament to its strong commitment to supporting nonprofits and the work they do across the many communities in its banking presence,” said Greg Hettrick, first vice president and director for Joint investment in FHLB Dallas.
Check out the full list of 2021 PGP Fellows. For more information on the 2021 PGP Grants and other FHLB Dallas investment products and programs, please visit fhlb.com/pgp.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company with approximately $ 1.9 trillion in assets, proud to serve one in three US households and more than 10% of small businesses in the US, and the leading mid-market banking provider is based in the United States We offer a diversified range of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable business segments: Consumer Banking and Loans, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Wells Fargo was ranked 37th on the Fortune 2021 list of America’s largest companies. In the communities where we operate, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.
Via the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system, which was founded by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a member-owned cooperative that supports housing and community development by providing credit and other credit products at competitive prices to approximately 800 members and affiliates Institutions in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. For more information, please visit our website at fhlb.com.
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CONTACT: Corporate Communications
Federal Home Loan Bank of Dallas
KEYWORD: UNITED STATES NORTH AMERICA TEXAS NEW MEXICO
INDUSTRY KEYWORD: OTHER PHILANTHROPY CONSTRUCTION & REAL ESTATE BANKING PROFESSIONAL SERVICES PHILANTHROPY FUND RAISING FOUNDATION RESIDENTIAL CONSTRUCTION & REAL ESTATE
SOURCE: Federal Home Loan Bank of Dallas
Copyright Business Wire 2021.
PUB: 9/15/2021 3:19 PM / DISC: 9/15/2021 3:19 PM
Copyright Business Wire 2021.