Neighborhood Housing Services (NHS), 5835 Troost Ave., announced last month that their request for a $500,000 Patient Loan was approved by US Bank. Patient Loans are uniquely structured to accommodate the timelines and special circumstances in which non profits operate.
This funding will help NHS make an even greater impact in targeted Kansas City neighborhoods as they help low income homeowners responsibly finance home purchasing and renovation. “This is another funding source we are going to use to address the problem of foreclosed and abandoned properties” said Angie Splittgerber, NHS Board Chair. “With decreased federal funding, resources are shrinking. NHS plans to use these funds to help leverage the resources Kansas City does
have, and as a result, increase the overall number of projects that can be completed.”