Washington, D.C. – (RealEstateRama) — 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. This fiscal-year (FY) 2018 grant funding (appropriated through Public Law 115-141- the Consolidated Appropriations Act 2018) will provide these organizations with much-needed resources to further NeighborWorks America’s vision of making every community in the country a place of opportunity.
“With the generous support of Congress, NeighborWorks America is proud to award these grants to NeighborWorks network organizations throughout all 50 states, Puerto Rico and the District of Columbia to provide affordable housing opportunities, build strong neighborhoods and create jobs. Through our strong investment in our network, we franchise excellence throughout our nearly 250 organizations,” said NeighborWorks America’s interim President and CEO Jeffrey Bryson. “A strong indicator of the value of these grants is that in FY17, we leveraged $59 of other investments for every $1 provided by Congress to NeighborWorks America — resulting in a direct investment of $8.3 billion in communities across the country.”
- 22,700 homeowners created.
- 15,200 quality, affordable rental homes developed.
- 12,500 affordable homes preserved.
- 71,300 homes repaired.
- 165,500 quality, affordable rental homes owned and/or managed
- 181,400 families and individuals counseled on financial capacity, pre-purchase, post-purchase, or foreclosure issues.
- 17,000 training certificates issued.
- 43,000 jobs created/maintained.
NeighborWorks America is a congressionally chartered, national, nonpartisan nonprofit that provides access to homeownership, safe and affordable rental housing, and other community-building services. Over the past 40 years, NeighborWorks and its network have assisted an estimated close to 4 million people with affordable housing and counseling. The organization’s mission is to make every community a place of opportunity while serving as a responsible guardian of the federal and other investment funds entrusted to it to make that mission a reality.
For more information about NeighborWorks America, visit the About Us page.
About NeighborWorks America
For nearly 40 years, Neighborhood Reinvestment Corp. (d/b/a 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 safe, 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.