LHA receives $488,000 grant to repair homes in Laurel
Posted on: January 23, 2018
A $488,000 Affordable Housing Program (AHP) grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and member institution, The First, A National Banking Association (The First), will rehabilitate 72 homes in Laurel, Mississippi. A check presentation ceremony was held at the office of Laurel Mayor Johnny Magee to award the funds.
“Laurel is a small town with a rich history,” said Mayor Magee. “While it’s known as the town that timber built, I’d also like to recognize the partnerships that sustain this city. Thanks to this grant, 72 families will enjoy greater quality of life and for that we thank all parties involved, especially the Federal Home Loan Bank of Dallas and The First.”
Laurel Housing Authority Executive Director Ailrick D. Young said the AHP means a great deal to community-based organizations and communities. Without the grant, the repairs most likely would not be possible.
“I cannot emphasize enough how vitally important public-private partnerships and grants like this are,” said Mr. Young. “When organizations work together like this and take the lead in providing funding, it’s a huge asset to the communities.”
Mayor Magee said there is a tremendous need for the AHP in the Laurel community.
“We are always looking to partner with organizations and people to improve the lives of our citizens,” he said. “We are just so appreciative to be a part of this.”
Residents of the Laurel Housing Authority will be able to apply for grant money with a maximum amount of $6,777. The grants will go toward improvements including siding replacement, doors and windows, mold remediation, kitchen facilities. In addition, work to improve interior and exterior sealing, plumbing and electrical code compliance will be eligible under the grant. To be eligible for funds, the homeowner’s name must appear on the deed of trust, meet income criteria and the house must be located in the city limits of Laurel and occupied by the owner.