Dallas Neighborhood Homes has joined forces with the Dallas Area Habitat for Humanity in order to assist low-income people buy new homes in Dallas, Texas. Both of these nonprofit organizations hope to successfully launch the Affordable Housing Loan Program for at least five years. Under this program, at least 100 eligible families each year will get affordable loans.
Another key player in this initiative is NexBank, which is a financial entity that is proudly based in the heart of Dallas, TX. This bank pledges to provide a maximum of $50 million in loans for clients who qualify for the Affordable Housing Loan Program. Additionally, NexBank is willing to waive some of the major fees that come with the purchase of residential real estate. For example, each client can save up to $2,000 in expenses on titles and other closing protocols.
The Senior Vice President of the Dallas Area Habitat for Humanity is absolutely delighted to hear about NexBank’s commitment to support his organization’s efforts. Mark Tribuna noted that the Dallas metropolitan area has a relatively low rate of home ownership compared to other major regions in Texas. Therefore, he is looking forward to working with NexBank in order to make home ownership in Dallas a reality for hundreds of families over the next several years.
NexBank has been in business since opening its first branch in 1922. The Great Depression and other economic hardships did not stop this regional bank from serving its valued clients. NexBank holds an impressive portfolio that includes a significant percentage of consumer loans such as mortgages. Additionally, this financial institution offers plenty of products and services for large businesses and other enterprises. Overall, NexBank holds more than $3.5 billion in assets that mostly support the bustling economy in Dallas and other metropolitan areas in Texas.