Dallas Neighborhood Homes’ Projects set to receive Financing

Nexbank has announced a plan to provide over $50 million in loans to support a housing program for the next five years. The program will be run by the Dallas Neighborhood Homes (DNH), a not-for-profit organization that provides affordable mortgages.
DNH also announced that it will be collaborating with Dallas Area Habitat to provide affordable housing loans to families living in Southern Dallas.
The organization will use the money provided by Nexbank to finance low-income earners who want to buy homes but have less access to mainstream mortgages. The Dallas Area Habitat for Humanity will provide the aspiring homeowners with financial services and offer them other finance-related counseling services.
Nexbank has also offered to pay all the fees for completed closings that are being finalized through the bank’s affiliates.
Dallas Area for Habitat’s vice president said that he was thankful to Nexbank for helping realize the dreams of many people of owning a home.
The North Dallas area has the lowest number of homeowners in US. Housing programs, such as this one by the three organizations, are helping address the problem directly. When families are empowered to realize their dreams of owning homes, the quality of their lives improve. This, in turn, increases the chances of having a better future for the families’ children.
The CEO of Nexbank, John Holt, lauded the organizations involved observing that they have been helping low-income earners to own homes by making affordable homes accessible to members of the community. He further revealed that he was proud to partner with the organizations in spearheading the Dallas housing program.
Nexbank is a financial service provider that specializes in commercial banking, investment banking, and mortgage banking throughout US. The organization was founded in 1922 and has grown to accumulate assets worth over $3.5 billion. It is also a member of the federal deposit insurance corporation.
Sources
http://whitethornforhouse.com/index.php/2016/10/28/nexbank-partners-with-dallas-neighborhood-homes/