Once your bid is accepted by the homeowner(s) and their loan is closed, the amount of your bid is set aside in the homeowner(s)’ rehabilitation escrow account.

You must obtain a permit from the City Permit Department for any work that requires a permit.  The completed work must be inspected and passed by the appropriate city inspector.  NFC will not pay out until we have confirmed the work has passed inspection.

Once work is completed to the homeowner(s)’ satisfaction, they submit a request to NFC to pay you by completing their portion of the “Release and Waiver of Lien” form.  Note: all bills should be presented to the homeowner(s).  An NFC inspector will then inspect any repairs not requiring a permit and/or will verify that any repairs that do require a permit have passed the city inspection.  Requests for payout and inspections must be to NFC by noon on Mondays and Thursdays.

Checks will be ready for pick up at 4 p.m. on Tuesdays or Fridays if all work has passed inspection. Once ready, they can be picked up at our office at 1912 Sixth Avenue (one block south of the 6th & Hickman intersection), Des Moines, between 8:30 a.m. and 5 p.m., Monday through Friday.  You will be required to sign your portion of the "Release and Waiver of Lien" when you pick up your check.  If you have hired sub-contractors, NFC will need signed lien waivers from your sub-contractors before the final payout.

Prior to receiving your first check from NFC, you will be required to supply your taxpayer I.D. number and complete a W-9 form.  Non-corporate contractors are also required to fill out a contractor reporting information form.

PLEASE BE AWARE: The homeowner(s) are responsible for payment of any work contracted by them. NFC administers the payout of their funds to the contractor.  There may be no funds available at NFC to pay for any change orders/extras.  It is the homeowner(s)’ responsibility to have any change orders approved through NFC prior to beginning the work.