Ashley Hugley, 35, purchased her first home in Valdosta, Georgia, with the help of a $6,000 Homebuyer Equity Leverage Partnership (HELP) subsidy from The First Bank (The First) and the Federal Home Loan Bank of Dallas (FHLB Dallas). Representatives from the banks and the Valdosta-Lowndes County Habitat for Humanity (Valdosta-Lowndes Habitat) celebrated recently at a ceremonial check presentation at Ms. Hugley’s new home.

Prior to her purchase, Ms. Hugley, lived in her mother’s home, along with her uncle and two children.

“I was looking for a three-bedroom house so my kids could have their own space,” said Ms. Hugley. “It’s a wonderful feeling to purchase a home and call it mine. I thought I’d never get here.”

Ms. Hugley learned about HELP from Valdosta-Lowndes Habitat, which she had worked with to help build her new home.

For Mike Bourgoin, executive director of Valdosta-Lowndes Habitat, his passion is helping people through the organization’s mission.

“I come to work every day feeling like I am doing something good,” Mr. Bourgoin said. “The HELP funds were critical in this instance as the price of the home spiked due to shortages in materials. The funds made it comfortable to afford for Ms. Hugley and her family, enabling them to buy their first home.”

Jud Moritz, Valdosta’s market president at The First, said HELP is a great program that enables people to begin building equity in a home.

“HELP gives us the opportunity to invest in our communities and create affordable opportunities,” said Mr. Moritz. “We are always excited and honored to take part in the program and partner with FHLB Dallas.”

HELP subsidies are offered by FHLB Dallas through its member institutions, like The First, to assist first-time homebuyers with down payments and closing costs on new or existing homes. For 2022, FHLB Dallas set aside $4 million available through its members on a first-come, first-served basis. Visit fhlb.com/help to view the current availability of HELP funds.

“The rise in home prices presents a challenge for low- to moderate-income families stepping into homeownership,” said FHLB Dallas First Vice President and Director of Community Investment Greg Hettrick. “HELP is a great program our members can leverage to help families make a home in their community. We are honored to partner with The First in providing the funds to Ms. Hugley.”