MCALLEN, Texas--(BUSINESS WIRE)--
Rio Bank and FHLB Dallas Award Funds to Assist with Feasibility Study
Rio Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) yesterday awarded a $16,000 grant to C.A.M.P. University of McAllen.
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The Partnership Grant Program (PGP) funds will help pay for a feasibility and planning study of providing group housing for special-needs adults.
“We have acquired a two-acre site and would like to build housing for our special-needs clients whose parents are growing older,” said Pam Voss, executive director of C.A.M.P. University. “Before long, these clients will need to live somewhere other than with their aging parents. With this generous grant from Rio Bank, we will be able to take the next step and study what it will take to build group homes on the site.”
C.A.M.P. University was founded in 2006 by a couple who had a special-needs daughter and found out that there was no facility for her in the Rio Grande Valley. So, they opened C.A.M.P. University, which has grown into a facility that the community owns and embraces.
“Rio Bank has long supported C.A.M.P. University,” said Ford Sasser III, president and CEO of Rio Bank. “We are thrilled to join the Federal Home Loan Bank of Dallas in providing this grant so the organization can thoroughly study this big move into providing group housing.”
Through the PGP, FHLB Dallas member institutions contribute from $500 to $4,000 to a community-based organization, and FHLB Dallas matches at a 3:1 ratio. Grants are awarded annually through FHLB Dallas’ member institutions via a lottery system. In 2019, FHLB Dallas awarded $300,000 in PGP funds that were combined with $142,500 contributed by 25 FHLB Dallas member institutions for a total of $442,500 in grants.
“Too often adults with special needs ‘age out’ of programs that could help them find their place in society,” said Greg Hettrick, first vice president, director of Community Investment for FHLB Dallas. “But not in the Rio Grande Valley, thanks to C.A.M.P. University and Rio Bank. It’s a true pleasure for us to join with Rio Bank to provide a total of $16,000 in grants to help this great organization plan its next chapter in helping special-needs young adults.”
For more information about the 2019 PGP grants and other FHLB Dallas community investment products and programs, please visit fhlb.com/pgp.
About Rio Bank
Rio Bank, a locally owned community bank, has been building banking relationships throughout the Rio Grande Valley for over thirty years. Rio Bank’s community competitive advantage is our relationship-based culture. When you call Rio Bank, you get immediate access to someone who understands your banking needs and can answer your questions and make decisions. To learn more about Rio Bank visit: Riobk.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 $73.8 billion as of September 30, 2019, is a member-owned cooperative that supports housing and community investment by providing competitively priced loans and other credit products to approximately 815 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit fhlb.com.