NeighborWorks America Awards $60.5 Million for Affordable Housing

NeighborWorks America Awards $60.5 Million for Affordable Housing

Washington, D.C.-based NeighborWorks America has announced grants totaling more than $60.5 million to its national network of nearly two hundred and fifty local housing and community-development organizations.

The grants will enable organizations in the network, which was created by Congress in 1978, to provide a broad range of housing and financial services in their communities, including improved homeownership opportunities for low- and moderate-income families; financial education; help with repairs to and rebuilding of properties; construction and preservation of affordable rental homes; and the promotion of innovative strategies aimed at providing services, improving safety, and revitalizing communities across the country.

"NeighborWorks America is proud to distribute these congressionally appropriated funds to nonprofit businesses across the country to support their excellent work in communities," said NeighborWorks America's president and CEO Paul Weech. "The NeighborWorks network organizations create opportunities for people to live in affordable housing, improve their lives, and strengthen their communities. We at NeighborWorks America focus on being careful stewards of the resources the taxpayers have entrusted to us by providing these resources to a network of high-caliber nonprofits."