Washington, D.C. – May 16, 2011 – (RealEstateRama) — Today NeighborWorks America announced that it was named one of the nation’s largest residential home builders, according to Builder Magazine’s 2010 Builder 100 list. NeighborWorks America was ranked No. 46 in its second year on the Builder 100, with 503 closings of for-sale housing completed by its network of local NeighborWorks organizations. In addition to the overall ranking for productivity in 2010, NeighborWorks America was also named the No. 5 builder of affordable housing. NeighborWorks America debuted on the Builder 100 for 2009 at No. 82 for for-sale closings.
“We are excited to be recognized for the work of our homebuilding network organizations. Even in a housing market that continues to struggle, NeighborWorks organizations are strengthening their communities with new affordable and green for-sale housing, and preparing homebuyers for long-term homeownership,” said Eileen Fitzgerald, Acting CEO of NeighborWorks America. “NeighborWorks organizations not only build homes, we build strong communities.”
For over 20 years, local NeighborWorks organizations have constructed affordable for-sale homes for low- and moderate-income families in their communities. In addition to home construction, NeighborWorks organizations offer services to homebuyers that many builders don’t – homeownership education and lending – in order to help prepared homebuyers achieve their dream: long-term, affordable homeownership.
For Builder Magazine’s Builder 100 rankings for 2010, visit http://www.builderonline.com/builder100/2010.aspx.
About NeighborWorks America
NeighborWorks America creates 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 $20 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.
Douglas Robinson, 202-220-2360,
Erin Collins, 202-220-6317,