NeighborWorks America is providing more than $79 million in grants to the 247 nonprofit organizations that make up the NeighborWorks network, investing critical resources to increase access to safe, affordable housing and thriving communities in every state, the District of Columbia, and Puerto Rico.
“In 2022, NeighborWorks network organizations were a lifeline for people facing eviction, foreclosure, and homelessness. We provided the knowledge, access, and resources to secure stable housing,” said NeighborWorks America president and CEO Marietta Rodriguez. “Rising housing costs have put enormous strain on household budgets, and NeighborWorks network organizations continue to work with families to improve their financial well-being. NeighborWorks network organizations also lift up entire communities in urban, suburban, and rural areas, partnering with residents to strengthen and revitalize neighborhoods.”
Network organizations use flexible NeighborWorks grants to develop affordable rental and for-sale housing, provide housing and financial counseling services, engage residents in comprehensive community development strategies, and make commercial and economic development loans. These grants serve as catalytic investments, enabling the early stages of a project to begin, filling small gaps in project budgets, and allowing each organization to pursue tailored solutions to address community priorities.
In fiscal 2022, NeighborWorks America and its network yielded a direct investment of $10.8 billion in communities across the country. They owned and or managed 204,900 rental homes and created 18,800 new homeowners as well as developed jobs and provided housing and counseling services.
