Partnerships & Investors

NFC is truly thankful to have so many partners. The following institutions have contributed to the success of NFC through grants within the last year:

  • NeighborWorks® America
  • Community Development Financial Institution (CDFI) Fund at U.S. Department of Treasury
  • Bank of America Foundation
  • Wells Fargo Foundation
  • Polk County 

 

The following financial institutions invest in our loans through pool participations and provide money that is used for property repair and closing cost subsidies. Government sponsored entities buy whole loans from us.

Loan Participations:
 
Bank Iowa $1,350,000
Bank of America, N.A. 9,801,000
Bank of the West 10,940,000
Bankers Trust Company, N.A. 17,560,000
Community State Bank, N.A. 6,675,000
First American Bank 3,850,000
First National Bank 2,500,000
Great Western Bank 3,000,000
Iowa Central Credit Union 350,000
Iowa Savings Bank 15,000
Iowa State Bank 2,075,000
Liberty Bank, F.S.B. 2,000,000
Northwest Bank 1,000,000
Principal Bank 24,401,500
Regions Bank 100,000
Two Rivers Bank & Trust 1,200,000
US Bank, N.A. 16,225,000
Wells Fargo Bank, N.A. 27,125,000
West Bank 5,097,500
Sub Total $135,265,000
   
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 250,000
Wells Fargo Bank 1,350,000
West Bank 300,000
Sub Total $3,850,000
   
Government Source Funds:  
City of Des Moines $22,537,687
City of West Des Moines 200,000
City of Windsor Heights 75,000
Polk County 22,575,000
Sub Total $45,387,687
   
Loans Sold to Fannie Mae $68,945,085
   
Total Investments in NFC $253,447,772

Without these financial partnerships, NFC could not continue to improve our Des Moines neighborhoods.