March 27, 2023

Paragould Housing Authority receives $435,000 grant

The Paragould Housing Authority accepted a grant from the Federal Residence Mortgage Financial institution that can propel funding for an aged housing unit growth.

The Federal Residence Mortgage Financial institution of Dallas awarded $435,000 to the group that will likely be added to funds available to proceed and end 48 housing models for an underserved inhabitants.

“We have now a few two-year ready record in our aged inhabitants to get them housed in inexpensive, secure, and sanitary properties,” mentioned Paragould Housing Authority Government Director David Lange.

The cash comes from a pool of funds accessible for the Federal Residence Mortgage Financial institution to make use of for grant awards. From that, 26 initiatives acquired funding, the Paragould Housing Authority being a type of.

“Crucial factor is having a housing authority (or group) group that cares about their group,” mentioned Bruce Hatton, Vice President on the Federal Residence Mortgage Financial institution of Dallas, “When you consider the aged inhabitants, issues are altering. They want secure, inexpensive, and respectable housing for a spot to stay.”

All funds from the grant will keep in Paragould.

“We’re setting up these (models) within the northern a part of town at Goldsmith and Rector Street,” Lange mentioned.

First Nationwide Financial institution is a associate of each the Federal Residence Mortgage Financial institution and Paragould Housing Authority and assisted in facilitating contact for this grant to be awarded.

“It’s necessary for First Nationwide Financial institution to associate with organizations just like the Paragould Housing Authority to assist them serve and higher our group and our at-risk and underserved populations,” mentioned First Nationwide Financial institution Chief Banking Officer Bobby Kasserman.

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“This wouldn’t be attainable with out First Nationwide Financial institution,” mentioned Hatton. “They’re an excellent associate, and we’re grateful for this chance.”

“David Lange and his workers are an asset to Paragould and the individuals they serve,” mentioned Kasserman, “We’re completely happy to be a small a part of this.”