Affordable Housing Made a Reality in Southern Dallas
NexBank SSB (NexBank) has partnered with the Dallas Neighborhood Homes (DNH) to sign a five-year deal at an estimated cost of more than $50 million. The main reason behind the deal is to provide over 100 loans and affordable housing to low-income earners who call southern Dallas home.
Dallas Neighborhood Homes (DNH), a nonprofit organization that deals with mortgage financing and services, will oversee the five-year plan as well as provide insight in terms of housing and funding. DNH will also provide financial support to help to each and every resident under the flagship deal achieve home ownership status.
Apart from lending the $50 million financial assistance, NexBank will also pay for all the titles associated with new households as well as provide a total of $2,000 in closing costs per each and every loan. What this simply means is that the beneficial residents will not pay a single dime since the bank will provide everything. This deal will bring together a total of three (3) of the most influential organizations in Dallas, Texas, namely Dallas Neighborhood Homes (DNH), NexBank SSB, and Dallas Area Habitat for Humanity.
NexBank is a fully-integrated financial institution that brings together investment banking, cooperate advisories and securities. Regarding investment banking, NexBank offers real estate advice, operations advisory, cooperate finance, and industry coverage. With over $3.5 billion in assets and over five (5) years in the banking sector, NexBank has fully positioned itself as a world leader in the banking industry. Located in Dallas, Texas, NexBank also offers commercial banking, mortgage banking, and advisory to middle-market companies, banks, and small businesses.
With internet banking been the new way to bank in the current era, NexBank offers online banking services to its members. With this in mind, each and every account holder with the bank can access banking services 24 hours a day and seven days a week.