IberiaBank and Southern Mutual Help Association have a long history of working together to help end poverty. The first time they collaborated, in 1989, the bank pledged $50,000 in loans for housing to rural self-help organizations under SMHA's wing. The relationship was a good match: the low-interest loans guaranteed by SMHA rarely defaulted, and people without the funds to put a down payment on a house suddenly found themselves first-time homeowners. In 2000, SMHA created a partner nonprofit, Southern Mutual Financial Services Inc., as a community development financial institution. IberiaBank pledged $10 million to SMFS on Aug. 25, 2005, four days before Hurricane Katrina hit.
Thirty-seven years of experience in developing housing for the poor put SMHA in a unique position to move swiftly following the storms, and it immediately began helping Louisiana communities rebuild through private funding. That success led to IberiaBank's latest investment. "It is a blessing to have businesses that care, and IberiaBank is a shining example of the best," says SMHA Executive Director Lorna Bourg. "I believe theirs to be the largest investment by a bank in a not-for-profit community development corporation in Louisiana's history."
Jindal describes the privatization as a cost-cutting move to save the state more than $100 million this year, while improving services and medical training.
A Baton Rouge judge is reconsidering his decision to throw out Gov. Bobby Jindal's revamp of teacher tenure and salary laws.
Ambassador François Delattre will also receive an honorary doctorate of francophone studies at the commencement at the Cajundome.
During the past seven games, the Saints have forced two turnovers — a league low during that span. Now they're trying to figure out what has changed since their first seven games, when they forced 15 turnovers.
Choice cuts from Acadiana’s news media for Friday, Dec. 20, 2013:
For many fans, it was their third consecutive year participating in French Quarter parade.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, December 20, 2013:
Lafayette Parish School Board member Greg Awbrey deserves an attaboy for his unexpected vote during Wednesday’s meeting approving a mediation session between the board and Superintendent Pat Cooper.
The cable television network's suspension of Duck Dynasty patriarch Phil Robertson from the hit reality show has drawn criticism from the governor of Robertson's home state.
The State Bond Commission gave preliminary approval to the borrowing plan Thursday without objection.
The Pediatric Clinic is housed in the same location previously closed by state budget cuts in June 2012.
Three-term Louisiana senator facing tough re-election battle is next in line for Energy Committee chairmanship.
In a letter distributed during Wednesday night's meeting, Lafayette Parish School Board member Shelton Cobb, in his final meeting as board president, called on his fellow board members to start focusing on the children and stop battling Superintendent Pat Cooper.
Joshua Dore of Breaux Bridge was sentenced Tuesday to 1.5 years in prison for counterfeiting, according to a press release issued by U.S. Attorney Stephanie Finley’s office on Wednesday.
School super Pat Cooper alleges Lafayette Parish School Board member Mark Allen Babineaux, an attorney, publicly disclosed the details of a closed-door executive session.
Sun Belt commissioner presents title and practice gets under way in preparation for Saturday
Kerry Bertrand’s charge was upgraded Tuesday by an Acadia Parish grand jury from manslaughter to second-degree murder for his alleged role in the drowning death of his stepdaughter, Skylar Credeur.
Sean Payton announced Wednesday that veteran Shayne Graham was New Orleans' new kicker, and that rookie Terron Armstead would get his first start at left tackle.
Should new parents be required by law to attend special classes before being permitted to raise their child? It’s an idea state Rep. Regina Barrow, D-Baton Rouge, is seriously considering.
The agenda for Wednesday’s meeting of the Lafayette Parish School Board tells it all: The board has lost sight of its elected purpose.
A public Mass will be held Thursday in New Orleans for artist George Rodrigue, who died Saturday of cancer at age 69.
Eight former employees of The Times-Picayune have sued the newspaper and parent Advance Publications Inc., alleging their layoffs violated a longstanding "job security pledge" and age discrimination laws.
Gov. Bobby Jindal's administration hasn't done an independent performance review of its $363 million privatization contract for mental health and addictive disorder treatment services.
"Whether it's the tackle position, whether it's a player on defense ... we're going to look closely at what our options are and what gives us the best chance."
Get to Cajun Field today and show your bowl-bound pride