In cooperation with the Harmon’s Heroes Foundation, Nevada State Bank has donated a house in Fernley, Nevada to the Northern Nevada Veteran’s Coalition (NNVC) to aid deserving veterans and their families.
The donation is part of the new NNVC “Heroes Hand Up” program, which puts families on the path to homeownership by providing a rent-free home for up to a year while veterans gain employment and work to become financially stable. In addition to living in the home, Heroes Hand Up veterans will participate in financial literacy classes through Nevada State Bank in hopes of eventually qualifying for a VA loan to purchase a home of their own.
On August 19, 2014, Nevada State Bank executives formally presented NNVC president Brett Palmer with the keys to the house at an event attended by Fernley mayor LeRoy Goodman and members of the press.
Stephanie Arroyo, a Nevada State Bank mortgage lender based in Sparks, serves on the NNVC committee in charge of the Heroes Hand Up program. The committee will consider applications from deserving veterans who want to improve their financial situation. The NNVC will provide counseling and assistance in finding employment, while Nevada State Bank will provide financial education on topics such as budgeting and responsible use of credit.
The Builders Association of Northern Nevada and other local groups are partnering with NNVC to supply materials and volunteers to make necessary repairs to the three bedroom, two bath house to get it ready for a veteran’s family to move in.
“Donating the house is only the beginning of our commitment to northern Nevada veterans,” noted Terry Shirey, EVP and CFO of Nevada State Bank. “Our colleagues have pledged to stay involved with the project, not only assisting with the financial literacy program, but also volunteering to help with painting and fixing up the house for the family.”
Anyone interested in donating to NNVC or in volunteering to help with the Heroes Hand Up program can contact the agency at 775-980-7227 or visit their website, http://supportnnvc.org/.
The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice.
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