KANSAS CITY, MO. (Aug. 21, 2012) – Neighborhood Housing Services of Kansas City, Inc. (NHS) is pleased to announce that UMB Financial Corporation (NASDAQ: UMBF) has donated $50,000 for use in the NHS Minor Home Repair program. This grant through UMB will provide additional financing for NHS lending efforts that assist borrowers in the core sections of Kansas City. Since inception of the Minor Home Repair program, more than 100 projects have been completed for moderate to low income households.
“This is an excellent resource,” said president and CEO of NHS. “We can use these funds for home repair loans or to help make a mortgage loan to a first-time buyer.”
“We are very pleased with the announcement,” stated, NHS board chair. “The fact that UMB has made a grant of this size available to further our mission is very important. We are happy that they have chosen NHS to receive this commitment.”
As the largest provider of U.S. Department of Housing and Urban Development (HUD) approved homebuyer education classes in Kansas City, NHS will ensure that any buyers of rehabbed homes are equipped to be successful homebuyers.
“Being a NeighborWorks® HomeOwnership Center really makes this a good experience for the buyer,” said Marjorie Major, HomeOwnership Center manager. “Buyers can attend classes, receive counseling, apply for a mortgage and buy a house from a single entity. This is a real one-stop-shop.”
NHS is a licensed mortgage broker and all loan applications are accepted by licensed mortgage loan officers. NHS is also a NeighborWorks® Chartered member, located at 616 E. 63rd St. Suite 200, Kansas City, MO 64110. Its mission is to revitalize and maintain urban neighborhoods as vibrant areas that attract people who value diversity, historic architecture, security and community.
“UMB has always been and will continue to be a steward of financial education for the people in our communities,” said Vanessa Vaughn-West, UMB community relations manager. “Through this gift, our intent is to help individuals and families achieve personal goals, and to make a truly meaningful impact in their lives.”
If you would like to assist with supporting the programs and services offered by NHS, please send donations to the NHS offices. Please visit www.nhsofkcmo.org for more information about specific programs and services.