Gulf Coast Housing Partnership Receives AHP Grant from FHLB Dallas and First NBC...

Gulf Coast Housing Partnership Receives AHP Grant from FHLB Dallas and First NBC
Bank

NEW ORLEANS, Nov. 12, 2009 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of
Dallas (FHLB Dallas) and First NBC Bank awarded a $290,000 Affordable Housing
Program (AHP) grant to Gulf Coast Housing Partnership (GCHP) to convert a former
nursing home into an affordable and supportive housing facility.

GCHP is a nonprofit organization whose mission is to promote housing production
and community redevelopment in areas affected by Hurricanes Katrina and Rita.
The grant will assist with the conversion of a former nursing home into a
42-unit facility. The structure will offer affordable housing units for very
low- to low-income individuals, as well as supportive housing for the homeless
and those living with special needs.

"There is always a demand for supportive and affordable housing," said Noel
Henderson-James, Project Manager at GCHP. "But since the storms, New Orleans has
had a critical need for this type of housing, and this project is designed to
help address that demand."

GCHP worked with First NBC Bank to obtain the AHP grant.

"This nursing home site, which is on the historical Esplanade Avenue of New
Orleans, represents another milestone in the rebuilding of our city since
Hurricane Katrina," said Ashton J. Ryan, Jr., President of First NBC Bank. "The
Federal Home Loan Bank of Dallas should be commended for the key role in making
this project possible."

The project remains in the initial planning stage, and construction is scheduled
to begin in 2010.

Each year, the FHLB Dallas returns 10 percent of its profits to the communities
served by member institutions in the form of AHP grants issued through its
member financial institutions. As of September 30, 2009, FHLB Dallas has awarded
$8.4 million to projects within its five-state District, including more than
$2.1 million to projects in Louisiana, resulting in the creation or renovation
of 332 housing units in the state.

For more information about FHLB Dallas programs, please contact the Corporate
Communications Department at 214.441.8445.

About the Federal Home Loan Bank of Dallas

The Federal Home Loan Bank of Dallas is one of 12 district banks in the FHLBank
System created by Congress in 1932. FHLB Dallas, with total assets of $67.3
billion as of September 30, 2009, is a member-owned cooperative that supports
housing and community development by providing competitively priced loans and
other credit products to more than 900 members and associated institutions in
Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information,
visit the FHLB Dallas web site at fhlb.com.

The Federal Home Loan Bank of Dallas logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3013

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CONTACT: Federal Home Loan Bank of Dallas
Corporate Communications
(214) 441-8445
www.fhlb.com