RealEstateRama Authors Posts by NeighborWorks
The Neighborhood Reinvestment Corp., dba NeighborWorks America, announced it will award $65 million in flexible grants to 242 nonprofit organizations, all members of the national NeighborWorks network.
More than one-third of middle-income adults lack emergency savings; renters and low-income consumers are...
The rainy day fund for many middle- and low-income households is empty, according to the fifth annual NeighborWorks America consumer finance survey. The poll found that 38 percent of all households with incomes below $75,000 have no money saved for an emergency, and 59 percent of those with incomes below $20,000 are without any emergency cash reserves.
NeighborWorks America awards $100,000 in grants to nonprofits to identify strategies to address gentrification
NeighborWorks America (formally known as the Neighborhood Reinvestment Corp.) announced that it awarded $25,000 in grants to each of four organizations to explore collaborative strategies to address gentrification. The nonprofits, all members of the NeighborWorks network, will use the grants to investigate promising strategies
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 $2.7 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 network organizations across the U.S. last year provided $39.2 million in down payment assistance to consumers, helping thousands of people become homeowners. Many of the purchasers were first-time homebuyers with low and moderate incomes, who without the support of NeighborWorks organizations would not have been able to buy a home.
More than 2,000 community development professionals are expected to attend NeighborWorks Training Institute; inject...
An estimated $4.2 million boost is coming to the Washington, DC economy when more than 2,000 community-development professionals from around the country convene in the city for the NeighborWorks Training Institute Dec. 11-15.
On Oct. 13, NeighborWorks America presented six individuals with its annual Dorothy Richardson Award for Resident Leadership. The award recognizes outstanding contributions by community leaders. The recognition occurred during the NeighborWorks Community Leadership Institute, which strengthens the skills of residents and provides seed grants to help them execute action plans when they return home.
Twenty-five NeighborWorks organizations around the country have received more than $18 million as part of grants from the U.S. Department of the Treasury’s Community Development Financial Institution (CDFI) program. Combined with grants from the Neighborhood Reinvestment Corp. (dba NeighborWorks America), local governments, foundations and the private sector, the funds will allow these small- and medium-sized nonprofit businesses to continue to provide affordable loan products and services to low- and moderate-income borrowers.
NeighborWorks America awards $800,000 in grants to nonprofits in communities impacted by hurricanes Harvey,...
NeighborWorks America (formally known as the Neighborhood Reinvestment Corp.) announced that it awarded $800,000 in grants to 20 organizations in communities affected by Hurricanes Harvey, Irma and Maria. The nonprofits will use the grants to help meet any emerging on-the-ground needs, such as cleaning up properties, providing supplies to affected households, coordinating disaster response with other partners, supporting mobile intake centers, and rehabbing and repairing damaged buildings.
Nationwide, 63 percent of adults surveyed by NeighborWorks America say the rent is too high where they live to save for a down payment on a home, but perceptions are dramatically different across the country. In the Midwest, the number having this view is 58 percent, compared to 67 percent in the Northeast and 73 percent in the West
Although nearly every American adult considers homeownership a key component of the American Dream, thousands of would-be homebuyers—especially people of color and millennials—are shut out from the market because of confusion about down payment requirements, lack of information about credit standards and the burden of student loan debt, according to the fifth annual America at Home survey from NeighborWorks America.
Philadelphia symposium on economic empowerment addresses financial challenges facing low- and moderate-income families
An Aug. 16 symposium in downtown Philadelphia will explore how knowledge and skills alone won't improve a person's financial situation; policies, programs and financial products are necessary to promote prosperity for more individuals and families.
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 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 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.