first-time home-buying program helps 11 families | Business



HATTIESBURG, Mississippi – (BUSINESS WIRE) – Sep 22, 2021–

Eleven residents of Florida and Louisiana recently purchased a first home through Habitat for Humanity (Habitat) thanks in part to a grant from Homebuyer Equity Leverage Partnership (HELP) from The First, A National Banking Association ( The First) based in Hattiesburg, Mississippi, and the Federal Home Loan Bank of Dallas (FHLB Dallas).

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A Louisiana mother, seen here with her son, received a leveraged homebuyers partnership grant from The First and the Federal Home Loan Bank of Dallas which helped with the down payment initial. (Photo: Business Wire)

Seven residents were from Florida, including four from Pensacola and three from Tallahassee. The other homebuyers assisted by Habitat were from the Louisiana towns of Abita Springs, Covington, Mandeville and Slidell. Each received a HELP grant of $ 5,500 and used the funds for down payments.

HELP, provided by FHLB Dallas through member institutions such as The First, assists first-time homebuyers with qualifying income with down payment assistance and closing costs.

All of the owners have worked with their local Habitat affiliates, which support affordable homeownership through educational and volunteer resources for low-income families.

In total, The First and FHLB Dallas partnership provided $ 60,500 to these 11 homeowners through Habitat.

One of the homebuyers, Bambi Spinks, mother of two from Abita Springs, said she was living in a mobile home when she applied for the grant. She never thought she could afford to buy a house.

“It feels good to know that my children and I live in a healthy environment,” she said.

Crystal Scott, director of resource development at Pensacola Habitat, which has helped owners of Pensacola, said the HELP grant is creating a huge impact for its owners.

“The program helps our community in so many different ways,” said Ms. Scott. “Some people have reached a point where they are ready to own a home, but don’t necessarily have the right tools, education, down payment or good credit to make their dream come true.

Michele Lynch, assistant vice president, community development officer at The First, which has provided $ 117,000 in HELP grants so far this year, said she appreciates the program because it helps long-time tenants become owners.

“The First has been able to help many first-time homebuyers throughout our partnership with FHLB Dallas through HELP,” said Ms. Lynch. “The First has leveraged several FHLB Dallas programs in the past to help our communities. Our partnership is twofold, as we are able to invest in our community while making homeownership accessible to the many clients we serve.

Greg Hettrick, Senior Vice President and Director of Community Investment at FHLB Dallas, emphasizes the importance of this financial assistance.

“Buying a home is such an important achievement for many,” said Hettrick. “We are honored to work with The First to open new doors for these new owners. “

Ms. Scott added that helping tenants become home buyers is life changing.

“Handing over the keys after closing and knowing the impact it will have on their lives is amazing,” she said. “HELP has been of benefit to so many people in our community. “

About The First Bancshares Inc.

The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First, a national banking association. Founded in 1996 near Hattiesburg, Mississippi. The First has grown rapidly in southern Mississippi, southern Alabama, Louisiana, Florida and Georgia, offering competitive services compared to those found in large regional banks. The company’s shares are listed on the Nasdaq Global Market under the symbol FBMS. The information is available on the company’s website

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 established by Congress in 1932. FHLB Dallas, with total assets of $ 58.6 billion as of June 30, 2021, is a co-operative owned by its members which supports housing and community development by providing competitively priced loans and other credit products to approximately 800 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information, visit our website at

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CONTACT: Corporate communication

Federal Home Loan Bank of Dallas

(214) 441-8445



SOURCE: Federal Home Loan Bank of Dallas

Copyright Business Wire 2021.

PUB: 22/09/2021 12:40 / DISC: 22/09/2021 12:42


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