Mississippi Homeowner Receives $15,000 Grant to Replace Roof Through Guaranty Bank & FHLB Dallas  

In the small town of Indianola, Mississippi, a story of hope and kindness quietly unfolded reminding us of the power of community support. Demetrius Perryman, a disabled individual living on a fixed disability income, was facing a daunting challenge. Her roof was leaking and deteriorating, threatening the safety and comfort of her family.  

For Demetrius, the leaking roof was more than just an inconvenience. It was a source of constant worry, especially during rainy days when water seeped into her home causing damage that could escalate into costly repairs. To make matters worse, insurance coverage was not available for the roof replacement, determining the roof as outdated and beyond repair assistance. With limited financial resources, the situation felt overwhelming.  

A Ray of Hope from Guaranty Bank and The Federal Home Loan Bank Dallas 

A beacon of hope arrived when a family member told Demetrius to reach out to Guaranty Bank for assistance. Working in partnership with the Federal Home Loan Bank of Dallas through its FORTIFIED Fund, Guaranty Bank helped guide her through the application process. Demetrius was approved for a FORTIFIED Roof grant that made it possible to replace her damaged roof, stop the leaks, and prevent further deterioration of her home.  

The grant did more than fix a roof, it restored peace of mind. For Demetrius, it meant a safer, more comfortable home where her family could thrive without the constant fear of water damage. It meant stability in a time of uncertainty and a reminder that kindness and support from a local community bank truly matter.  

In her own words, Demetrius sent a letter to Guaranty Bank that expressed deep gratitude:  

“Your support has made a tangible difference in our lives, providing stability and peace of mind when we needed it most. We are deeply grateful for this opportunity and the kindness extended to our family. Thank you once again for your generosity and support. Your assistance has made a lasting impact on my family’s safety and well-being.” 

What is the Federal Home Loan Bank FORTIFIED Fund?  

• A grant program administered by the Federal Home Loan Bank of Dallas, covering Arkansas, Louisiana, Mississippi, New Mexico, and Texas. 
• Helps income-qualified homeowners get a FORTIFIED Roof which is built to withstand hurricanes, high winds, hail, and severe thunderstorms. 
• $10 million was allocated to the fund in 2026. 
• Funds are available on a first-come, first-served basis beginning with $5 million in January and then $5 million in July until funds are exhausted.  
• A FORTIFIED Roof can double a roof’s uplift strength, reduce water intrusion by up to 95%, and increase home value by an average of 7%.  
• Homeowners can also receive meaningful home insurance savings by receiving a FORTIFIED Roof Certificate upon completion.  

How To Apply for the Federal Home Loan Bank FORTIFIED Fund and Eligibility Criteria 

• Applications must be submitted by an FHLB Dallas member financial institution like Guaranty Bank. 

• Eligible households may receive up to $17,000 toward replacing a roof on an existing home.
• Households must have and show proof of income at or below 120% of the area median income.  
• The home must be an owner-occupied primary residence. 

• Roof replacements must pass pre-evaluation and be installed by a certified FORTIFIED contractor.  
• Grant approval, amount, and timing are subject to FHLB Dallas program requirement, documentation, certified contractor/evaluator requirements and availability of funds.

 About Guaranty Bank:

Founded in 1943, Guaranty Bank is a privately held financial institution serving individuals, businesses, and communities across Mississippi and Tennessee. With 38 locations and a full range of consumer, commercial, mortgage, and wealth services, Guaranty Bank combines the strength of a modern financial partner with the personal relationships of a community bank. As a certified Community Development Financial Institution (CDFI), the bank is deeply committed to expanding access to financial services and supporting economic growth in the communities it serves. For more information about Guaranty Bank, please visit gbtonline.com or follow us on Facebook, LinkedIn and Instagram.  

About Federal Home Loan Bank Dallas:

The Federal Home Loan Bank of Dallas (FHLB Dallas) is a part of the Federal Home Loan Bank System, which consists of 11 district Federal Home Loan Banks created in 1932 to provide capital for mortgage funding and support for community investment. The Federal Home Loan Bank of Dallas (FHLB Dallas), with total assets of 97.1 billion as of March 30, 2026, is a member-owned cooperative that supports housing and community development by providing competitively priced loans and other credit products to approximately 780 members and associated institutions in Arkansas, Louisiana, Mississippi, New Mexico and Texas. For more information visit FHLB Dallas Home.