Organizations will use grants to develop affordable housing, restore neighborhoods and create jobs
Washington, D.C. — (RealEstateRama) — The Neighborhood Reinvestment Corp., dba NeighborWorks America, will award $70 million in flexible grants to 242 nonprofit organizations, all members of the NeighborWorks network.
This fiscal-year (FY) 2019 grant funding (appropriated through Public Law 116-6, the Consolidated Appropriations Act, 2019) will allow these organizations to further NeighborWorks America’s mission to create opportunities for people to improve their lives and strengthen their communities.
“Once again, Congress has demonstrated it has a sharp eye for a good investment,” said NeighborWorks America President and CEO Marietta Rodriguez. “NeighborWorks America’s proven ability to leverage $60 for every $1 of Congressional appropriation is a testament to the remarkable performance of NeighborWorks America’s network of nearly 250 organizations located in all 50 states, Puerto Rico and the District of Columbia. We are proud to operationalize excellence through these grant awards to our powerful and innovative network. These organizations demonstrate their leadership every day in providing affordable housing opportunities, building strong neighborhoods and creating jobs. In fiscal year 2018 alone, this resulted in a direct investment of $8.4 billion in communities across the country.”
In fiscal year 2018, NeighborWorks America and the NeighborWorks network provided more than 457,000 housing and counseling services, including:
- 25,100 homeowners created.
- 13,200 quality, affordable rental homes developed.
- 11,100 affordable homes retained, rehabilitated or refinanced.
- 75,000 homes repaired.
- 166,900 quality, affordable rental homes owned and/or managed
- 457,000 housing and counseling services provided.
- 14,600 training certificates issued.
- 45,100 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. NeighborWorks served approximately 457,000 individuals and families in 2018. The organization responsibly stewards the federal and other investment funds entrusted to it to make its mission a reality.
About NeighborWorks America
For 40 years, Neighborhood Reinvestment Corp., a national, nonpartisan nonprofit known as NeighborWorks America, has strived to make every community a place of opportunity. Our network of excellence includes nearly 250 members in every state, the District of Columbia and Puerto Rico. NeighborWorks America offers grant funding, peer-exchange, technical assistance, evaluation tools and access to training, as the nation’s leading trainer of housing and community development professionals. NeighborWorks network organizations provide residents in their communities with affordable homes, owned and rented; financial counseling and coaching; community building through resident engagement; and collaboration in the areas of health, employment and education. In the last five years, our organizations have generated more than $34 billion in investment across the country.