Home Authors Posts by NeighborWorks
NeighborWorks’ network investment in affordable rental housing surges nearly 20 percent in 2016 to...
With the supply of affordable rental housing declining throughout the U.S., NeighborWorks America reported today that its network of local non-profit builders invested more than $2.38 billion into the development and preservation of rental housing. The affordable housing investment was made through construction, rehabilitation, refinance, and purchase of existing apartments, often specifically to support the needs of low- and moderate-income households, seniors, formerly homeless veterans and disabled individuals.
NeighborWorks America invites qualified community development nonprofits to apply for a share of $26.5...
NeighborWorks America announced that the application period is open beginning November 28 for one-time grants to revitalize distressed communities suffering from the direct and/or indirect effects of the foreclosure crisis. Projects proposed should support and further existing multi-faceted, place-based initiatives working to transform communities.
Fifteen nonprofit community development organizations were recognized today for their excellence in sustainable business and housing practices that are designed to save people money by NeighborWorks America. To date, 95 network members have earned the NeighborWorks Green Organization designation.
Student loan debt and high rent prices continue to worsen the homeownership outlook according to data from the fourth annual housing survey from NeighborWorks America. The national telephone survey found nearly one-third (30 percent) of Americans know someone who has delayed the purchase of a home because of student loan debt, up from 28 percent in 2015 and just 24 percent in 2014.
Today NeighborWorks America, a nonprofit, nonpartisan, Congressional-sponsored corporation, announced the appointment of new board member Nani Coloretti. Nani Coloretti serves as Deputy Secretary of the U.S. Department of Housing and Urban Development (HUD).
NeighborWorks America announced today that the application period will open Oct. 3 for special one-time down payment assistance grants to eligible community development financial institutions (CDFIs) that want to increase low- and middle-income homeownership in their communities. The one-time grants are part of Project Reinvest, a limited and targeted program from NeighborWorks America, not related to its core grant operations.
New report from NeighborWorks America focuses on people who’ve been helped by foreclosure prevention...
While taking care of his mother-in-law, who had a serious medical condition, Brian Martinez was laid off from his job after 33 years. Medical complications of his own set in, and while he eventually secured new employment, like millions of others in the United States, his income didn’t rebound and he and his wife found themselves struggling to pay their mortgage.
NeighborWorks America knows that manufactured housing can help solve America’s affordable housing crisis. It is a vital resource for many elderly and low-income homeowners. Particularly in rural, high-poverty areas, it may be the best housing option. Manufactured housing can offer benefits to buyers including lower cost and improved energy efficiency compared with site-built homes. Increasing the energy-efficiency of manufactured homes can help make homeownership a sustainable investment for low- and moderate-income families long-term.
NeighborWorks America, one of the country’s largest nonprofit community development corporations, announced today that it expects its network of nonprofits across the United States will help originate $3 billion of mortgages this year, up from approximately $2.9 billion and $2.8 billion in calendar years, 2015 and 2014, respectively
NeighborWorks America announced that it was named one of the nation’s largest builders of affordable homes, according to the Builder 100 list. NeighborWorks America, representing the NeighborWorks network, was ranked No. 2 among builders specializing in affordable for-sale homes. NeighborWorks organizations build homes in suburban, rural and urban markets
Nearly $40 Million awarded through National Foreclosure Mitigation Counseling program to help more than...
NeighborWorks America today announced that nearly $40 million has been awarded to 21 state housing finance agencies (HFAs), 19 HUD-approved housing counseling intermediaries, and 60 community-based NeighborWorks organizations to provide counseling to families and individuals facing the threat of foreclosure.
NeighborWorks organizations assisted more than 7,700 homeowners with rehab projects last year, an increase of ten percent over the year before, and 14 percent higher than 2013. NeighborWorks organizations also helped homeowners complete more than 4,700 owner-occupied repairs, an increase of 30 percent from 2014. Data are for fiscal years ending Sept. 30.
As we approach Earth Day April 22, NeighborWorks America urges cities to practice these three innovations in green practices. Sprawl just seems to happen, but with the right planning, towns and neighborhoods could be more energy efficient and healthier. For example, a growing trend is the formation of an ecodistrict, a neighborhood where urban planning aims to reduce the ecological footprint — offering benefits such as reduction of transportation-induced greenhouse gas emissions and more green spaces for safe, secure social events.
Despite a growing economy, when asked to choose their most important financial goal, more people cite paying day-to-day bills than other choices, including saving for retirement, according to a national survey. Twenty-six percent of people cited paying bills as their top financial priority, compared to 21 percent who placed saving for retirement as their number one financial goal.
NeighborWorks America today announced that more than 2 million homeowners facing foreclosure have received much-needed counseling thanks to the Congressionally-funded National Foreclosure Mitigation Counseling (NFMC) Program.
Mortgage rates are very low and home prices are stable or rising in most communities across the United States, and a recent poll by NeighborWorks America, national nonprofit corporation that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities, found that nearly nine-of-ten consumers say that homeownership is at least somewhat important.
At a time when communities need resources most, hundreds of communities across the nation will receive a much-needed affordable housing and economic development boost as NeighborWorks America distributes more than $60.57 million in flexible grants to its national network of more than 245 local nonprofit NeighborWorks organizations
With the supply of affordable rental housing declining throughout the U.S., NeighborWorks America reported today that its network of local non-profit builders invested more than $1.9 billion into the development and preservation — through construction, rehabilitation, refinance, and purchase of new and existing apartments — of affordable rental homes for low- and moderate-income households.
Ten communities from around the country have been selected for an initiative that will help them attract and retain residents, businesses and investment, announced NeighborWorks America, a national nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities
Twenty nonprofit community development organizations were recognized today for their excellence in sustainable business and housing practices by NeighborWorks America. To date, 81 network members – or nearly one-third of all organizations in the network - have earned the NeighborWorks Green Organization designation.
Reliable communication with servicers is improving, but remains major challenge for counselors helping homeowners...
Housing counselors across the country working with homeowners to find an alternative to foreclosure for thousands of homeowners cite improving communications with servicers, but note that more needs to be done, according to the latest report on the National Foreclosure Mitigation Counseling program (NFMC). NFMC is a congressionally funded effort that has helped more than 1.9 million homeowners understand their foreclosure prevention options
Nine grantees will collectively receive $170,000 in grants to equip affordable single- and multi-family homes with solar power, announced NeighborWorks America, a national nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities. The average household pays nearly $170 each month in energy costs, and the typical homeowner saves more than $1,000 a year on electricity by installing roof-top solar panels
NeighborWorks America Safe and Sound initiative awards $1.2 million in grants across nine nonprofits...
U.S. Sen. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, today urged his colleagues to pass the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, a bipartisan, multi-year transportation bill that includes important modifications to the Commerce Committee’s various legislative titles that cover key transportation safety and regulatory reforms.
NeighborWorks America ‘Comeback Communities’ summit, and day of service events in New Orleans garner...
NeighborWorks America today announced that lead grants from JPMorgan Chase and Wells Fargo Housing Foundation are underwriting the Comeback Communities summit and enabling dozens of nonprofit professionals to attend the one-of-a-kind event here. Comeback Communities is the first step in a national effort designed to identify, explore, celebrate and nurture the essential ingredients of strong, resilient communities.
Ten years after the costliest natural disaster in U.S. history devastated homes and displaced tens of thousands of people from New Orleans and other Gulf Coast cities, residents in that part of the country have come back to build a community that is even stronger and more connected to each other than elsewhere in the U.S. People living in the Gulf Coast region of the United States are more likely to be completely satisfied with their community, feel a stronger sense of ‘neighborly’ connection, and more readily recommend where they live to others than the people living in other parts of the country.
On June 6-14, NeighborWorks America and its network of local organizations kicks off the 32nd annual NeighborWorks Week, a weeklong celebration in which thousands of volunteers come together to help make their communities healthy, sustainable places. Nearly 200 affordable housing and community development organizations are holding events across the country, that range from rehabbing and repairing homes, beautifying parks, conducting neighborhood tours, recognizing successful partnerships, and hosting events that educate and train others. “Celebrating Community” is this year’s NeighborWorks Week theme
Community-development conference coming to Kansas City will attract 2,100+ professionals, $1.7 million in economic...
A $1.7 million boost is coming to the Kansas City economy when more than 2,100 community-development professionals from around the country convene in the city for the NeighborWorks Training Institute (NTI) May 4-8. The week-long event is hosted by NeighborWorks America, a national, Congressionally chartered nonprofit that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities
$44.8 Million awarded through National Foreclosure Mitigation Counseling program to help nearly 130,000 families
NeighborWorks America today announced that $44.8 million has been awarded to 25 state housing finance agencies (HFAs), 18 HUD-approved housing counseling intermediaries, and 68 community-based NeighborWorks organizations to provide counseling to families and individuals facing the threat of foreclosure. Although fewer new households face foreclosure than just a couple of years ago, the rate has begun to increase again, and many hundreds of thousands of homeowners remain seriously delinquent and face the prospect of foreclosure this year
WASHINGTON, D.C. - February 19, 2015 - (RealEstateRama) -- NeighborWorks America today reported that in the 12 months ended Sept. 30, 2014 its network helped homeowners rehab more than 7,000 single family homes and rehabbed more than 2,300 rental homes. Although home prices are stabilizing, many homeowners still have little equity to tap for needed home repairs and nonprofits in the NeighborWorks network are stepping in to use grants provided by NeighborWorks and other support in order to help owners maintain quality and affordable homes. Additionally, as affordable rental apartments age, the NeighborWorks members conduct rehab to maintain the supply of quality affordable rental homes
WASHINGTON, D.C. - July 31, 2014 - (RealEstateRama) -- Seventeen communities from around the country have been selected for an initiative that will help them attract and retain residents, businesses and investment, announced NeighborWorks America, a national nonprofit corporation that creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities