Neighborhood Finance Corporation (NFC) Named Non-Profit of The Year
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Wednesday, February 14, 2018
Neighborhood Finance Corporation (NFC) of Des Moines was recently selected Non-Profit of the Year by FuseDSM, the Chamber of Commerce representing the North, South and East areas of the Des Moines business community.
The other two nominees for the award were the Principal Charity Classic and HCI Care Services & Visiting Nurses of Iowa.
NFC was recognized for its neighborhood revitalization efforts in Des Moines. Since 1990, NFC has originated more than $300 million in loans and grants that have helped revitalize more than 5,000 housing units in 27 designated neighborhoods in Des Moines and Polk County; including work in the Viva East Bank neighborhoods.
“To be included as a nominee with two other organizations that do so much good in our community is truly an honor,” said Stephanie Preusch, NFC’s executive director. “We are grateful for the recognition and for the opportunity to provide unique home loan programs that keep our neighborhoods thriving and growing.”
NFC was nominated for the award by NFC Board Member Anthony Pleskys who is a small business owner and a recipient of an NFC home loan. “NFC provided a loan for me to purchase and renovate my home,” said Pleskys. “The lending programs and staff at NFC made it possible for me as a first time homebuyer to purchase a home and improve my south side Des Moines neighborhood.”
In addition to the NFC Advantage Loan which provides up to $10,000 in a forgivable loan for home repair with a purchase, refinance or home improvement loan, they offer Project Reinvest Polk County whereby eligible homeowners may apply to receive a $10,500 deferred loan for a down payment on a home in Polk County.
NFC, a 501(c)(3) organization, provides unique lending programs and other services to facilitate targeted neighborhood revitalization in Polk County through partnerships with residents, governments, community based organizations and the business community.
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