Washington, DC – (RealEstateRama) — 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.
The 66 grantees include both NeighborWorks network and non-network organizations. The Financial Capability grant funds are primarily intended to help individuals who are at risk of foreclosure, recovering from a foreclosure or residents in distressed communities rebuilding after the foreclosure crisis. The grants awarded will help individuals living in rural, suburban and urban markets. A full list of the grantees can be found at Project Reinvest: Financial Capability.
About NeighborWorks America
For more than 35 years, NeighborWorks America, a national, nonpartisan nonprofit, has created opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $27.2 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.