Authors Posts by NeighborWorks

NeighborWorks

NeighborWorks

NeighborWorks America (NW) creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing.

Since 1991, we have assisted nearly 1.2 million low- to moderate-income families with their housing needs. Much of our success is achieved through our support of the NeighborWorks network ? more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities.

NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.

Contact:

Tel: (202) 220-2300
Fax: (202) 376-2600

NeighborWorks America

NeighborWorks America awards $31.58 million in financial capability grants to 66 nonprofit organizations

NeighborWorks America today announced that $31.58 million in financial capability grants have been awarded to 66 nonprofit organizations to assist individuals to stabilize their finances, rebuild their credit and establish savings. The one-time grants, awarded after a competitive process conducted by third party reviewers, are part of Project Reinvest, a limited and targeted program from NeighborWorks America, not related to its core grant operations.
NeighborWorks America

NeighborWorks America says affiliates are poised to grow realty services as focus on social...

NeighborWorks America vice president of homeownership and lending, Marietta Rodriguez, today said that she expects the number of NeighborWorks network nonprofits that provide realty services to grow over the short- to medium-term as more organizations look to build revenue producing social enterprises that complement their mission to expand homeownership opportunities throughout their communities. Currently, nearly three dozen NeighborWorks organizations have licensed real estate brokerage services
NeighborWorks America

NeighborWorks America awards $27.5 million in neighborhood stabilization grants to 55 nonprofit organizations

NeighborWorks America today announced that $27.5 million in neighborhood stabilization grants have been awarded to 55 nonprofit organizations to help stabilize and revitalize distressed communities suffering from the direct and/or indirect effects of the foreclosure crisis. The one-time grants, awarded after a competitive process conducted by third party reviewers, are part of Project Reinvest, a limited and targeted program from NeighborWorks America, not related to its core grant operations.
NeighborWorks America

NeighborWorks Training Institute in Minneapolis will attract 1,600+ community-development professionals, $1.7 million in economic...

As national student loan debt soars at $1.4+ trillion, course helps counselors address nationwide problem
NeighborWorks America

NeighborWorks America awards $68.09 million in flexible grants to 243 nonprofits

The Neighborhood Reinvestment Corporation, dba NeighborWorks America, announced that it awarded $68.09 million in flexible grants to 243 nonprofit organizations, all members of the national NeighborWorks network. These awards pend receipt of the funds from the U.S. Department of the Treasury.

NeighborWorks Training Institute in Minneapolis will attract 1,600+ community-development professionals, $1.7 million in economic...

An estimated $1.7 million boost is coming to the Minneapolis economy when more than 1,600 community-development professionals from around the country convene in the city for the NeighborWorks Training Institute May 22-26.
NeighborWorks America

City residents less financially confident than suburban and rural counterparts, finds new survey from...

Pressured by the high cost of housing and other living expenses, 31 percent of American adults living in urban areas are "not too confident" or "not confident at all" of their ability to withstand a sudden financial emergency, according to the fourth annual NeighborWorks America consumer finance survey. In contrast, just 28 percent of rural adults and 25 percent of suburban residents reported a similar lack of confidence.
NeighborWorks America

NeighborWorks America recognizes Older Americans Month

As Older Americans Month begins in May, NeighborWorks America recognizes the importance of helping older adults make safe, informed and healthy decisions, including aging in their own homes. By 2030, one in five U.S. adults will be 65 or older, so it is vital to focus on the service needs of older adults.

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.

NeighborWorks America selects new green-designated organizations

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.

New survey from NeighborWorks America shows how student loans and high rent prices weigh...

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.

HUD Deputy Secretary Nani Coloretti Appointed to NeighborWorks America Board

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 invites qualified CDFIs to apply for a share of $48 million in...

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 releases statement in support of energy conservation in manufactured housing

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 sets goal of $3 billion in mortgage originations in 2016, focuses on first-time...

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 ranks second among builders of affordable homes in latest Builder list

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 improve community one home at a time with rehab efforts

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.

Three green innovations that cities could do to save energy and improve residents’ quality...

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.

Research shows paying day to day bills and expenses beats saving for retirement as...

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.

More than two million homeowners helped by the National Foreclosure Mitigation Counseling Program

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.

Three tips to beat the competition this home buying season from NeighborWorks America

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.

NeighborWorks America makes $60 million in grants to NeighborWorks network in 2016

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

NeighborWorks’ network invested nearly $2 billion in affordable rental housing in 2015

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.

NeighborWorks America sees branding as key element in community revitalization

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

NeighborWorks America selects new Green Organization designees

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

Nearly $200,000 in grants awarded to nonprofits offering solar power for low-income communities

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

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Alliance To Save Energy Announces Six “Stars Of Energy Efficiency” Award...

The 2017 Stars of Energy Efficiency awards, honoring the top energy efficiency innovators, will be presented to American Water, the Chevrolet Bolt EV, Itron, National Renewable Energy Laboratory, Schneider Electric and 7-Eleven, the Alliance to Save Energy (Alliance) announced today. The awards will be conferred before nearly 400 leaders from industry, government and the non-profit sectors at the 25th annual Evening with the Stars of Energy Efficiency Awards Dinner on September 14 in Washington, D.C.

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TEXAS NEW HOME PRICES INCREASE, SALES PACE SHOW SIGNS OF SLOWING

New home sales prices are increasing, and the pace of new home sales are showing signs of slowing in the four largest homebuilding markets in Texas, but total new home sales remain solid, according to the HomesUSA.com® New Homes Sales Index and other new home sales data released today.