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5H Homeownership Application  City of Des Moines  Dmgov  Form

5H Homeownership Application City of Des Moines Dmgov Form

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Nance corporation has been around since nineteen ninety it's essentially a non-profit mortgage lending company it receives funding from the city and the county through 2080 agreements and those funds primarily go to forgivable loans that are attached to either new home mortgages or home improvement mortgages so it provides an incentive for people to move into certain areas of the city for example if someone we're purchasing in one of our targeted areas they could go through the neighborhood finance corporation and receive an extra ten thousand dollars to do some repairs to their home as well as up to twenty-five hundred dollars for down payment and closing cost assistance so it's just rEvally trying to get people to move into those areas where they may not have thought about moving into it's also one of our only non income based programs which is nice so that it there's no income level a lot of the funds that we use are tied to income so it doesn't allow for the mixed income neighborho

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