Neighborhood Reinvestment Corp

Preserving affordable housing:organizations construct new housing, repair and renovate existing housing, promote homeownership, and further mixed-income affordable housing opportunities. The corporation also supports the organizations' hazard abatement, energy conservation, post purchase counseling, and foreclosure prevention activities. Equity capital, in the form of highly flexible corporation grants to local organizations' revolving loan funds, is also vitally important. Revolving loan funds are used to support home repairs, down-payment and closing-cost assistance, energy conservation repairs, commercial and small business loans, predevelopment costs, acquisition of problem properties, and a host of other initiatives.

Housing counseling stability program:the american rescue plan provided funding to neighborworks america to design and administer its housing stability counseling program (hscp). The hscp is administered nationwide and aims to help eligible nonprofit agencies that provide direct counseling services to individuals and families facing housing instability such as eviction, foreclosure, and homelessness. The hscp increases the capacity of neighborworks america to provide a higher-level housing counseling through hud-approved housing counseling agencies, state housing finance agencies (shfa), and neighborworks organizations (nwos).

Training and informing: through communication, publishing, research and training functions, the corporation collects and disseminates pertinent and useful information for the neighborworks network and the broader community development field. The corporation imparts this data and information through a variety of vehicles and trains and informs the network and representatives of the broader industry through national and regional training events, publications, on-line (at www.nw.org), and other venues.

Organizational assessment:the corporation pays close attention to the capacity of each neighborworks organization to successfully manage programmatic risks and to ensure their financial and organizational stability. The organizational assessment function evaluates all of the neighborworks network member to successfully predict, mitigate, and manage risk and steadily increase the health, performance, productivity, and effectiveness of the organizations.