There are many entities that participate in the funding of NFC, as noted in the following lists. Financial institutions invest in our loans through pool participations and lend money that is used for property repair and closing cost subsidies. Government sponsored entities buy whole loans from us.
|
Loan Participations: |
|
|
Bank of America |
$9,801,000 |
|
Bank of the West |
10,940,000 |
|
Bankers Trust Company |
14,560,000 |
|
Community State Bank |
5,175,000 |
|
First American Bank
First Federal Savings Bank of Iowa |
3,250,000
1,000,000 |
|
Great Western Bank |
750,000 |
|
Iowa Central Credit Union |
350,000 |
|
Iowa Savings Bank |
15,000 |
|
Iowa State Bank |
1,575,000 |
|
Liberty Bank |
1,500,000 |
|
Principal Bank |
22,751,500 |
|
Regions Bank |
100,000 |
|
US Bank |
14,225,000 |
|
Wells Fargo Bank |
26,625,000 |
|
West Bank |
3,597,500 |
|
Sub Total |
$116,215,000 |
|
|
|
|
Equity Equivalent Investments: |
|
|
Bank of the West |
$1,500,000 |
|
Iowa State Bank |
75,000 |
|
Liberty Bank |
75,000 |
|
Principal Bank |
300,000 |
|
US Bank
Wells Fargo Bank |
250,000
1,350,000 |
|
West Bank |
300,000 |
|
Sub Total |
$3,850,000 |
|
|
|
|
Government Source Funds: |
|
|
City of Des Moines |
$19,466,667 |
|
City of West Des Moines |
200,000 |
|
Polk County |
19,300,000 |
|
Sub Total |
$38,966,667 |
|
|
|
|
Loans Sold to Fannie Mae |
$39,943,986 |
|
Total Investments in NFC |
$198,975,653 |
Many organizations, from Central Iowa to our Nation's Capitol, partner with NFC to revitalize neighborhoods, and provide useful information on home ownership and neighborhood issues.
The
Neighborhood Revitalization Board and the City of Des Moines determine which neighborhoods should be designated as NFC lending neighborhoods.
The Neighborhood Development Division of the City of Des Moines provides information on the neighborhood planning process.
Des Moines Neighbors is an umbrella organization for the neighborhood associations in the City of Des Moines.
Many neighborhoods have organized Neighborhood Associations that currently work with NFC or have worked with NFC in the past.
If your neighborhood has not yet formed an association, you should know the Neighborhood Revitalization Program was created to help citizens form neighborhood organizations.
NFC lends in many, but not all, Des Moines Neighborhoods. Here is a list of all Des Moines Neighborhoods and a map of each.
NFC has made over $205,000,000 in loans and grants to many neighborhoods in Des Moines and West Des Moines.
The Neighborhood Conservation Services Division of the City of Des Moines will actively provide housing opportunities for primarily low and moderate-income families and individuals to maintain and expand the housing stock and encourage neighborhood revitalization.
Sometimes our borrowers' contractors will need to obtain a permit prior to performing the work. The City of Des Moines' Permit and Development Center provides what you'll need to know.
Neighborhood Finance Corporation greatly appreciates realtors referring their clients to NFC for mortgage financing, and the Des Moines Area Association of Realtors® has been very supportive of NFC.
The Polk County Assessor's web site contains information regarding the assessed value of a property and the transaction history for the previous 5 years.
The Polk County Treasurer's web site contains information regarding the payment of property taxes.
The U.S. Department of Housing and Urban Development's (HUD) web site contains answers to some homebuyers' questions.
Fannie Mae invests in NFC, and their web site can provide answers to homebuyers' questions.