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Home>State Senator Ronnie Johns Joins Banks to Award $20K to Affordable Housing Nonprofit

State Senator Ronnie Johns Joins Banks to Award $20K to Affordable Housing Nonprofit

State Senator Ronnie Johns Joins Banks to Award $20K to Affordable Housing Nonprofit

09/29/2017

State Senator Ronnie Johns Joins Banks to Award $20K to Affordable Housing Nonprofit

First Federal Bank of Louisiana, First National Bank of Louisiana and FHLB Dallas Award Grant

Louisiana State Senator Ronnie Johns (District 27) joined representatives yesterday from the Federal Home Loan Bank of Dallas (FHLB Dallas), First Federal Bank of Louisiana (FFBLA) and First National Bank of Louisiana (FNBLA) to award $20,000 in Partnership Grant Program (PGP) funds to Project Build a Future. An affordable housing nonprofit, Project Build a Future will use the funds to expand its home rehabilitation program, provide staff training and invest in technology.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170928006363/en/

Affordable housing nonprofit Project Build a Future in Lake Charles, Louisiana, was awarded $20,000 ...

Affordable housing nonprofit Project Build a Future in Lake Charles, Louisiana, was awarded $20,000 in Partnership Grant Program (PGP) funds on September 27, 2017, which it will use for training, technology and marketing. The check presentation, held at a home built by Project Build a Future, was attended by representatives of State Senator Ronnie Johns' office (District 27), First National Bank of Louisiana, First Federal Bank of Louisiana and the Federal Home Loan Bank of Dallas. (Photo: Business Wire)

“Communities benefit when financial institutions come together through programs such as the PGP,” said Senator Johns. “I applaud the banks’ support of Project Build a Future’s important mission.”

In 2016, Project Build a Future celebrated the construction of its 100th home and the organization’s 15th anniversary. Inspired by local churches’ commitment to affordable housing, Father Henry Mancuso established the nonprofit in 2001 while serving at Sacred Heart Catholic Church. Since then, Project Build a Future has expanded to include home construction, rehabilitation and a matched-savings program for qualified homebuyers.

“There’s a perception that a house that’s falling down or has fewer amenities is affordable,” said Charla Blake, executive director at Project Build a Future. “Many people have been displaced over the past few years as landlords have come in and raised rents out of reach. There is a growing demand for affordable housing in Lake Charles, and this grant will help us to meet that need.”

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