CommunityBank of Texas donates to local nonprofit
CommunityBank of Texas and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $10,000 in Partnership Grant Program funds to Legacy Community Development Corporation on Feb. 28 to benefit affordable home development.
Blake Hopper, deputy district director for Congressman Randy Weber (TX-14), joined CommunityBank of Texas Executive VP for Commercial Lending Charles Cox, along with Bruce Hatton and Eric Haar of FHLB Dallas, at CommunityBank on Delaware in Beaumont to support the charitable endeavors of the nonprofit during the presentation of the donation to Legacy CDC Executive Director Vivian Ballou.
“We’re here today to honor Legacy CDC and Vivian for their outstanding work,” said Hatton. “We also want to recognize CommunityBank for their efforts and for being a contributing partner. We just want to say congratulations for what you do in your community. We, as a whole, make this happen, because without your contribution and without the work you are doing in the community, this wouldn’t be possible.”
“CommunityBank is very pleased to make this contribution and to work with the FHLB in this endeavor,” said Cox, who added that the bank is always striving to live up to its name. “It’s important to the bank. It’s important for our community to use these funds in such a way that benefits, as our name implies, the whole community where we generate our business and where we have our focus.”
PGP awards provide grants meant to promote and strengthen relationships between community-based organizations and FHLB Dallas members, such as CommunityBank of Texas.
According to the corporation’s website, Legacy CDC is a nonprofit that specializes in the development of affordable housing: “If you have been turned down for a mortgage, auto loan, apartment, insurance or credit card — we can help.”
Hopper said 225 grants are distributed to nonprofits each year through the PGP, and applicants are chosen by lottery. CommunityBank donated $2,500 to the grant, and FHLB of Dallas matched the donation 3:1 with $7,500, bringing the total donation to Legacy CDC up to $10,000.
Ballou thanked the donors for the grant and said the funds would be put to good use, offsetting the cost of the nonprofit’s annual audit, a requirement for many grant programs applied for by Legacy that costs approximately $12,000, estimates the executive director.
“I’ve enjoyed the relationship with CommunityBank,” Ballou said at the check presentation ceremony. “Being a nonprofit, it’s very hard to get out there and get what you need to get done, and CommunityBank has been very helpful to us. I am really appreciative. The funds will be used so we will be able to put ourselves in a position to do greater things. We are all about housing development, home ownership programs, community development, and it will help us take the next step.”
Ballou said Legacy hopes to build 60 new homes in downtown Port Arthur over time and has already taken steps to purchase land where St. Mary’s church was, which has room for five houses.
“Our first house is underway now,” she said. “It’s great to be able to bring back an area. And I grew up on Ninth Street, so I am really excited about it.”
“I encourage all of our nonprofit clients to apply for the grant program,” said Cox following the presentation. “All of this is part of our overall community effort. We serve the community.”
CommunityBank is the largest independent community bank headquartered in and focused on the financial needs of Houston and Southeast Texas.
Photo and text by Sharon Brooks - Blake Hopper, deputy district director for Congressman Randy Weber (TX-14); Bruce Hatton, Federal Home Loan Bank of Dallas; Legacy CDC Executive Director Vivian Ballou; Charles Cox, CommunityBank of Texas; and Eric Haar, Federal Home Loan Bank of Dallas