The future is looking brighter in North Texas. In an area that statistically has some of the lowest rates of home ownership in the United States, the American Dream – owning a home – is about to become a reality over the course of the next five years for hundreds of families in areas of Southern Dallas. This is thanks to the $50 million in support provided by NexBank to Dallas Neighborhood Homes’ Affordable Housing Loan Program.
This altruistic partnership between NexBank and Dallas Neighborhood Homes aims to provide over 100 loans per year. In addition to lending this capital, NexBank is also covering all title fees associated and closing costs of up to $2000.00 per loan affiliated with the Affordable Housing Loan Program. This expansion of the program will also enable Dallas Area Habitat for Humanity, the establishers of Dallas Neighborhood Homes, to offer the low-income homebuyers impacted by the program the guidance they need to maximize their success in preparation to become homeowners.
NexBank SSB, charted in 1922, has assets of $3.5 billion. The institution specializes in commercial, mortgage and investment banking. NexBank is no stranger to community-wide outreach and education, as just this past May the bank sponsored Lemonade Day Greater Dallas. Youth set up lemonade stands across the city – using the classic model of the lemonade stand as a vehicle to learn business and entrepreneurial fundamentals; again, illustrating that NexBank is truly dedicated to investing in residents to create a brighter future in the Dallas area.
NexBank has experienced strong year after year growth and is poised to continue this trend. It is certainly reassuring to know that this regional financial powerhouse is dedicated to giving back to the Dallas community and fortifying the long-term development of North Texas.
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