Northpointe Bank and Seeds of Promise partnership helps homeowners repair and improve their homes

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Northpointe Bank and Seeds of Promise partnership helps homeowners repair and improve their homes

Northpointe news

GRAND RAPIDS, MICHIGAN (01/21/21) - At Northpointe Bank, we believe in the value of building trusted life-long relationships with the communities we serve. One of the ways we do this is by accessing grant funds from the Federal Home Loan Bank (FHLB) of Indianapolis each spring to provide assistance to low and moderate income borrowers in Kent County. Many homeowners require critical repairs to their homes and often lack the resources needed to complete the repairs. Through a collaboration with Seeds of Promise, a local nonprofit, Northpointe helps administer the FHLBI’s Neighborhood Impact Program to provide grants up to $7,500 to eligible homeowners in the community. These funds are used to restore their homes’ roofs, windows, siding, exterior doors, furnaces and water heaters.

“Seeds of Promise’s partnership with Northpointe Bank has been a real blessing to our residents in the Southtown area,” said Ron Jimmerson, Executive Director and Co-founder of Seeds of Promise. “Most were unaware that this program existed to help them with their home improvements, until the first flyer was developed and distributed to our residents. The Neighborhood Improvement Program has shown that we can slow down the process of Gentrification in our area, by assisting our residents with the needed funds to do the repairs and keep them in their homes”

In 2019, the partnership helped 22 Kent County homeowners improve their homes, a new Northpointe Bank and Seeds of Promise record. In 7 years of participating with the Neighborhood Impact Program, our partnership has helped 59 vulnerable, local, low- and moderate-income homeowners improve their homes with a total community impact of $435,019.

One homeowner shared, “I had a fire 10 years ago and my roof wasn’t restored property. Water was getting into my dining and living rooms. My roof doesn’t leak anymore and I couldn’t have done it without Northpointe Bank and Seeds of Promise.”

Check presentation between Northpointe Bank and Seeds of Promise in January 2021

Northpointe would like to extend a heartfelt thank you to Seeds of Promise for the work they are doing to empower homeowners in the community. We are proud to continue our partnership into 2021 with a donation of $21,000 which will help Seeds of Promise tackle the current waiting list of 86 low- to moderate-income homeowners who need to complete critical health and safety repairs to their homes, and hire a Spanish-speaking employee to help us extend the reach and benefits of this program to our Hispanic Community in Kent County. Enabling more homeowners to repair and improve their homes will help our community to grow and thrive now and in the future. A check presentation will take place at 1:00pm on Friday, January 22nd at the Seeds of Promise office in Grand Rapids, Michigan.

About Northpointe Bank:
Northpointe Bank, headquartered in Grand Rapids, Michigan, is a client-focused company that provides home loans and retail banking products to communities across the nation. Our mission is to be the best bank in America by bringing value and innovation to the people we serve. For each of the past six years, Independent Community Bankers of America® has ranked Northpointe Bank as a top-performing bank in the nation out of approximately 5,000 ICBA member banks*. Learn more about Northpointe Bank at: Member FDIC – Equal Housing Lender.

* - Source: Best Performing Community Banks; Independent Community Bankers of America ranked Northpointe Bank as best performing bank according to return-on-equity for banks with assets over $1 billion