World News: 22:13 GMT Friday 10th August 2018. [Federal Home Loan Bank of Dallas via Businesswire via SPi World News]
Houston nonprofit, Career Gear Greater Houston (Career Gear), empowers men and male youth who are striving to overcome economic disadvantage to overcome barriers and achieve self-sufficiency. Green Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) today awarded Career Gear $6,000 in Partnership Grant Program (PGP) funds to support costs for the organization’s Business Enterprise Program, helping men prepare to become construction business trade owners with a designated area of focus.
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Green Bank and FHLB Dallas awarded $6,000 in Partnership Grant Program funds to Career Gear, a Houston-based organization aiming to empower men and male youth striving to achieve self-sufficiency. (Photo: Business Wire)
“Congratulations to Career Gear Houston for receiving the Partnership Grant Program award from Green Bank and FHLB Dallas to help support its Business Enterprise Program,” said Texas State Representative Shawn Thierry (D-146). “I sincerely commend Career Gear Houston for its efforts to support the underserved men in our community by promoting economic independence. The career development, financial literacy, professional attire and life skills training that Career Gear provides is critical for these young men to succeed and become role models to younger generations. Thank you to Green Bank and FHLB Dallas for providing the much-needed financial resources that enable nonprofit organizations like Career Gear to provide essential support to underserved communities.”
In addition to offering professional attire and life skills training to Houston men, Career Gear also aims to help men gain employment and become role models for their families and communities.
“Through the PGP, we have been able to build stronger, more collaborative relationships partnering on more programmatic aspects of service to our community,” said Career Gear Executive Director Jamay Fishback. “We’re so thrilled and grateful for the value that was recognized in our program and mission.”
Through this unique grant program, FHLB Dallas member institutions contribute $500 up to $4,000 to a CBO, which FHLB Dallas matches at a 3:1 ratio to provide the CBO up to $12,000 in grant money.
“Strengthening the community is foundational to Green Bank’s mission and part of who we are as a bank,” said Green Bank Vice President and Community Development Officer Courtney Taylor. “The PGP is a conduit through which we can make a difference and serve our community.”
For 2018, FHLB Dallas has awarded $300,000 in PGP funds through 31 member institutions to assist 32 community-based organizations. Combined with the $114,010 contributed by FHLB Dallas members, a total of $414,010 has been awarded to the organizations.
“By matching our members’ contributions, FHLB Dallas is fulfilling the partnership aspect of the program,” said FHLB Dallas Vice President and Affordable Housing Program Manager Bruce Hatton. “We’re proud to partner with Green Bank to help empower low-income men through Career Gear in the Houston area.”
Since 2016, Career Gear has served more than 5,000 men and male youth in employment transition. Some notable achievements of Career Gear include helping more than 1,122 veterans transition into the workforce and offering employment support services to 1,100 unemployed fathers and 877 youth.
“This grant will help us in reaching more men and male youth who are striving to become the providers their families need and the examples our community deserves,” said Ms. Fishback. “It is a true partnership in helping families thrive.”
About Green Bank
Green Bank is a nationally chartered commercial bank and provides commercial and private banking services at full-service offices in Houston, Dallas and Austin. Our growth formula has been simple – lead in providing personalized commercial and private banking services to Texas businesses, entrepreneurs and individuals and capitalize on the vibrant and growing economies of our markets. For more information about Green Bank, visit greenbank.com.
About the Federal Home Loan Bank of Dallas
The Federal Home Loan Bank of Dallas is one of 11 district banks in the FHLBank system created by Congress in 1932. FHLB Dallas, with total assets of $75.9 billion as of June 30, 2018, is a member-owned cooperative that supports housing and community development by providing competitively priced advances and other credit products to approximately 825 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. Visit fhlb.com for more information.
Business Wire: 22:13 GMT Friday 10th August 2018
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