10/9/2005
Federal Home Loan Bank Disaster Relief Grants
by Laura Fine, Assistant State Director
The Federal Home Loan Bank of Dallas has announced an Economic Development Disaster Relief Grant Program (EDRG). The grant is designed to address the needs of communities in Louisiana, Mississippi and Texas affected by Hurricanes Katrina and Rita. The grants may also be used to support hurricane-displaced residents in other locations within the Ninth District.
The program:
- Provides working capital to small businesses in officially declared disaster areas in the Ninth District to promote economic development, and create or retain jobs.
- Small businesses must create/retain jobs for individuals at or below 120% AMI.
- All member institutions eligible to obtain advances through the Bank may apply.
- Member institutions may apply for a maximum of $100,000 in EDRG funds; up to $20,000 may be granted to any one small business.
Applications will be processed on a first-come, first-served basis until all funds are exhausted. For more detailed information and application forms, visit the Bank's wbsite at: http://www.fhlb.com/community/dis_rel_grnt_prog.htm. or call 1-800-442-9841.
Recent | 2007 | 2006 | 2005 | 2004 | 2003
Subscribe right now to our FREE
bi-monthly E-News service!
You will receive articles two full weeks before they appear on the Arkansas SBDC web site!
