Dallas, TX (PRWEB) June 02, 2017
Dallas Neighborhood Homes, a nonprofit provider of home loans, working in partnership with Dallas Area Habitat for Humanity, is pleased to partner with IBERIABANK to offer Affordable Housing Loans to families in southern Dallas. The goal is to provide 100 or more loans a year over the next five years for low-income residents in specific zip codes in Dallas.
IBERIABANK, a Louisiana-based regional bank with operations in Texas and six other states, is providing up to $5 million in loans and $40 thousand in down payment assistance funds to support the expansion of the affordable mortgage program in 2017. Dallas Area Habitat for Humanity will provide its HUD-certified counseling services to prepare individuals for home ownership and give qualified borrowers up to $4,000 in closing cost assistance. Dallas Neighborhood Homes will facilitate lending to low- and moderate-income borrowers with the support of IBERIABANK. This partnership will make home ownership possible for those with limited or no access to conventional mortgages.
Mark Tribuna, Co-President at Dallas Neighborhood Homes, said, “We are very grateful to IBERIABANK for helping us expand our Affordable Housing Loan Program and assisting us to lend to this underserved population of borrower. With the generous support of IBERIABANK, we will be better able to help enhance a family’s quality of life through homeownership.”
Bill Hall, CEO of Dallas Habitat for Humanity commented, “The relationship between Dallas Habitat and IBERIABANK has been well established for many years; we look forward to continuing our partnership and helping serve the community.”
“The IBERIABANK Dallas team is happy to partner with Dallas Neighborhood Homes and Dallas Area Habitat for Humanity,” said Daryl Kirkham, Dallas Market President for IBERIABANK. “Dallas Area Habitat has been creating vibrant and diverse neighborhoods for years, and we are delighted by this new opportunity to continue supporting such worthy efforts.”
About Dallas Area Habitat for Humanity
Dallas Area Habitat for Humanity is the largest nonprofit home builder in Dallas, constructing more than 50 homes per year. Over the last 30 years, Dallas Habitat has built 1,600 homes in more than 25 neighborhoods in the Dallas community. Dallas Habitat transforms families, revitalizes neighborhoods and is working to build a better Dallas through strategically bringing together public and private funding, community leadership and vision and thousands of volunteers to break the cycle of poverty and transform our communities.
About Dallas Neighborhood Homes
Dallas Neighborhood Homes is a non-profit state licensed mortgage banker established by Dallas Area Habitat for Humanity to assist homebuyers with all aspects of securing a mortgage (http://www.dallasneighborhoodhomes.org). Dallas Neighborhood Homes has a mission to lend to individuals who fall into the gaps of traditional mortgage lenders thereby facilitating homeownership that make loans affordable for every borrower that they serve. Their motto “Making the American Dream a reality, one home at a time” will ensure increased neighborhood diversity and low to moderate income buying power.
IBERIABANK Corporation is a financial holding company with 300 combined offices, including 200 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, and Georgia, 24 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 64 locations in 10 states. The Company has eight locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners L.L.C. office in New Orleans.