Citing the increasing housing challenges facing the residents of Southern Dallas, the Dallas Neighborhood Homes, backed by the Dallas Area Habitat for Humanity, recently launched an Affordable Housing Loan Program. The program was unveiled with an objective of providing 100 loans or more in a given year for a span of five years, which target low-income individuals within identified zip codes in the Southern Dallas area.
Nexbank is also expected to take part in the program by offering a maximum of $50 million in terms of the value of loans in a bid to facilitate the expansion of the housing program in the oncoming five years. The Dallas Neighborhood Homes aims at utilizing the proceeds to give to low-income homebuyers. On the other hand, the Dallas Area Habitat for Humanity will offer financial counseling services to prepare low-income persons for home ownership.
NexBank has created an exceptional reputation for itself as one of the top banking entity in the Dallas area. As of June 30, 2016, NexBank’s assets stood at a value of about $3.5 billion. This record serves as a testament to its tremendous success. Further, the NexBank has consistently delivered quality corporate advisory, investment banking, commercial banking, mortgage banking services to its diverse clientele including clients in the capital markets, small business, real estate investors, large corporations and middle market companies.
The creation of a strong clientele base has been possible due to its deeply-entrenched qualities in customer service, which include quality, timely and reliable execution of services. NexBank utilizes a team of professionals who are highly devoted to serving the customers throughout the financing process. Further, it works in close collaboration with various players in the real estate sector such as investors, developers, and owners in a bid to provide financing services for development, construction as well as acquisition and refinancing opportunities.
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