NeighborWorks America Awards $68 Million in Grants

NeighborWorks America Awards $68 Million in Grants

NeighborWorks America, a congressionally chartered national nonprofit organization, has announced grants totaling nearly $68.1 million to two hundred and forty-three nonprofit organizations working to develop and preserve affordable housing, revitalize neighborhoods, and create jobs.

Organizations in NeighborWorks America's network are focused on creating safe and affordable rental housing, boosting access to homeownership, and providing other community-building services. In 2016, the NeighborWorks network created 21,000 homeowners, developed 16,200 quality affordable rental homes, preserved an additional 12,700 affordable homes, repaired 55,600 home units, issued 18,900 training certificates, and created or preserved more than 53,600 jobs.

"NeighborWorks America is proud to award these grants to NeighborWorks network organizations across the country to support their efforts to provide affordable housing opportunities, build strong neighborhoods, and create jobs. We are committed to being strong stewards of the resources the taxpayers have entrusted to us," said NeighborWorks America president and CEO Paul Weech. "A strong indicator of the value of these grants is that the NeighborWorks network leveraged $91 of other investments for every $1 of appropriated grants we provided them — resulting in a direct investment of $7.1 billion in communities across the country during the last fiscal year."