NexBank Focusing on Bright Financial Futures
The American dream is ownership, and NexBank, based in Dallas, will partner with nonprofit mortgage provider Dallas Neighborhood Homes, offering a new Affordable Housing Loan Program to families in southern Dallas. The goal is to provide up to $50 million in 100 or more loans a year over the next five years for income restricted residents in specific southern Dallas zip codes.
NexBank is also helping the dream of ownership become a universally sustained dream, and with the assistance of Dallas Neighborhood Homes and the Dallas Area Habitat for Humanity, the goal of helping lower-income families secure affordable homes can become a reality. In addition to loans, NexBank will work with the Dallas Area Habitat for Humanity to administer financial counseling to those with lower incomes and limited access to mortgages.
No stranger to pursuing the goal of financial success for individuals, NexBank acquired College Savings Bank of Princeton, New Jersey, in December of 2015. This acquisition allowed College Savings Bank to focus on helping students and their families prepare for college. The focus on College Savings Bank is the important 529 college-savings program which allows for families to save properly for college, thus avoiding lingering debt.
The primary goal of NexBank, as evidenced by the partnership with Dallas Neighborhood Homes as well as the acquisition of College Savings Bank, is not only to operate as a financial institution, but to help people prepare for financial freedom and a sustained, successful future. Stepping outside the normality of lending, NexBank proves they strive to counsel and educate participates on the value or financial freedom and the positivity of keeping a strong, debt-free future. As student debt continues to climb, and the lack of home ownership remains an anchor holding lower income families down, NexBank leads the way in providing financial solutions to assist everyone universally.