Lafayette-based IberiaBank announced Tuesday it is launching a new grant program for qualified customers trying to purchase a home or refinance their current home loans.

According to a release from the bank, the Subsidy Program will award $1 million in grants for down payments or closing costs over the next three years. Most major markets in Louisiana are included in the grant program, the bank says, including Acadiana, Baton Rouge, Greater New Orleans, Houma, Lake Charles, Monroe and Shreveport. Six out-of-state markets in IberiaBank’s footprint will also be designated for the program.

The subsidies will give up to $4,000 per closing for clients who are eligible for the grants. To qualify, income cannot exceed 80 percent of the median income outlined by the Federal Financial Institutions Examination Council. The grants will be administered through seven non-profit agencies in the Southeast, including two in Louisiana: Assist Agency of Crowley and Neighborhood Housing Services of New Orleans, Inc.

“We are very proud to help families achieve their dreams of homeownership,” says IberiaBank President and CEO Daryl Byrd in a prepared statement. “This program will help many of our clients close the gap they may have to buy a home or refinance property.”

Click here for more information from IberiaBank’s website.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 20.25 0.00 (0.00%)
o Frank's International 27.37 ▲0.40 (1.48%)
o IberiaBank Corp 67.28 ▼0.30 (-0.44%)
o LHC Group 21.22 ▼0.43 (-1.99%)
o MidSouth Bancorp 16.90 ▼0.09 (-0.53%)
o Petroquest Energy 5.66 ▼0.01 (-0.18%)
o PHI Inc. 42.52 ▼0.08 (-0.19%)
o Superior Energy 32.72 ▲0.17 (0.52%)
o Stone Energy 46.25 ▼0.02 (-0.04%)
o Teche Holding 77.78 ▲1.28 (1.67%)
o Facebook Inc. 61.36 ▼1.67 (-2.65%)
o Twitter Inc. 45.95 ▼0.07 (-0.15%)
o Gannett 27.10 ▼0.05 (-0.18%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:20.25 Trade time:3:59PM EDT Value change:0.00 (0.00%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:27.37 Trade time:4:02PM EDT Value change:▲0.40 (1.48%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:67.28 Trade time:3:59PM EDT Value change:▼0.30 (-0.44%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:21.22 Trade time:3:59PM EDT Value change:▼0.43 (-1.99%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:16.90 Trade time:4:02PM EDT Value change:▼0.09 (-0.53%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:5.66 Trade time:4:03PM EDT Value change:▼0.01 (-0.18%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.52 Trade time:3:26PM EDT Value change:▼0.08 (-0.19%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:32.72 Trade time:4:04PM EDT Value change:▲0.17 (0.52%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:46.25 Trade time:4:00PM EDT Value change:▼0.02 (-0.04%)
NYSE:TSH

Teche Holding

Company ID [NYSE:TSH] Last trade:77.78 Trade time:4:00PM EDT Value change:▲1.28 (1.67%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:61.36 Trade time:4:00PM EDT Value change:▼1.67 (-2.65%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:45.95 Trade time:4:00PM EDT Value change:▼0.07 (-0.15%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:27.10 Trade time:4:01PM EDT Value change:▼0.05 (-0.18%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement