The number of rental homes owned and managed by members of the NeighborWorks network grew to 211,856 in fiscal 2024, a 3.6% increase from the prior year.
“The NeighborWorks network is focused on the construction, development, and preservation of affordable rental homes nationwide aided by a range of support services from NeighborWorks America,” said vice president of real estate programs Lisa Getter. “NeighborWorks America’s real estate team prioritizes expanding access to capital and provides programmatic support and technical assistance to network organizations with real estate lines of business.”
The organization’s network is made up of nearly 250 nonprofits, representing every state, the District of Columbia, Puerto Rico, and on Native lands.
The total number of rental homes owned by the NeighborWorks network organizations grew to 198,889 from 192,562 in the prior year, while rental homes managed increased to 12,967 from 12,001 the prior year.
In addition to growing their owned rental portfolio, NeighborWorks network organizations grew their management-for-others portfolio by nearly 1,000 apartments. This line of business is a source of organizational revenue, strengthening the overall financial stability and flexibility of the NeighborWorks network.
