miss dorothy is at home

DorothyHere is one last profile of a Cottage owner assisted by the Federal Home Loan Bank of Dallas Home Equity Leverage Partnership Program (FHLB HELP). A lifelong resident of the Baptist Town neighborhood, Dorothy was one of the first people to apply for a cottage. Throughout the process of preparing for the project, construction and sale of the homes, Dorothy was patient and supportive, but also didn’t hesitate to be honest. She helped guide me and this project with wisdom and spunk that I think show in her picture.

The PR Newswire summarizes her story this way, “Dorothy Russell, 61, knows you can go home again. She was awarded a Homebuyer Equity Leverage Partnership grant from Planters Bank & Trust Company and FHLB Dallas which was put toward her down payment on her new home. Her new home is located on the same lot of her childhood home.” In her own words, “‘I was away from this spot for nearly 30 years,” she said. “I always wanted to buy a house, but I didn’t expect it to be exactly where I grew up. I’m so proud of my house.'”

Read the full article here.

 

lora and michael’s cottage story

Lora and Michael

The Federal Home Loan Bank of Dallas continues the series featuring Cottage buyers with a great PR Newswire article about Lora and Michael.

Lora and Michael Gallion were lifelong renters and living on a fixed income. The only houses the couple could afford were run-down spaces that were almost uninhabitable.

Then one day, the Gallions saw a sign about the Baptist Town Cottages, a revitalized neighborhood in Greenwood, Mississippi, with new homes for families earning less than 50 percent of the area median income.

“I’m so glad we saw the sign,” said Mrs. Gallion, 50, a former certified nursing assistant now living on disability. “We had looked at other homes to rent, but even at $400 a month, the condition of them was not good.””

Continue reading the article at PR Newswire.