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Neighborhood Housing Services of Greater Cleveland Receives $192,500 Grant from NeighborWorks America
Grant is a much-needed boost for NHS of Greater Cleveland’s efforts
Cleveland, OH — Today Neighborhood Housing Services of Greater Cleveland, a member of the national NeighborWorks® network, announced that it received $192,500 in flexible grants from NeighborWorks® America, which will support NHS of Greater Cleveland’s affordable housing and community development activities including homebuyer education, rehabilitation lending and foreclosure prevention, at a time when communities need investment most.
“As the funding arena continues to be unpredictable,” stated Lou Tisler, executive director of NHS of Greater Cleveland, “the consistent and much needed funding from NeighborWorks® America will allow NHS of Greater Cleveland to serve our clients’ housing needs in northeast Ohio.”
In 2010, NeighborWorks America will provide over $119 million in grants to its national network of more than 230 nonprofit organizations operating in over 4,400 rural, urban, and suburban communities, including the Greater Cleveland. The grants will be used to revitalize and strengthen communities by providing counseling for homeowners on the brink of foreclosure; increasing the number of certified foreclosure and homeownership counselors through training; stabilizing areas hard-hit by the foreclosure and economic crisis by putting vacant properties back into productive use; empowering consumers through financial and homeownership education and counseling; creating homeownership opportunities for low- and moderate-income families; and producing and managing affordable, high-quality rental properties.
"For every dollar in NeighborWorks® grants, an additional $35 is invested in America’s communities, resulting in a direct investment of nearly $4 billion in the areas served,” said NeighborWorks® America CEO Ken Wade. “As good stewards of taxpayer dollars, NeighborWorks® ensures our investments are working in ways that truly make a difference.”
The need for Neighborhood Housing Services of Greater Cleveland has never been greater. With the foreclosure rates in Greater Cleveland still high, delinquency rates climbing, etc., home values at a low, and the unemployment rate climbing, Greater Cleveland residents are increasingly more susceptible to, and affected by, the foreclosure and economic crisis.
“As NHS of Greater Cleveland strives to achieve economic stability in the lives of our clients, either by assisting in the purchase of housing that is affordable, giving access to lending capital for rehabilitation or successful avoidance of foreclosure,” said Tisler, “the financial support and network experience from NeighborWorks America will allow NHS of Greater Cleveland effectively address these issues.”
Neighborhood Housing Services of Greater Cleveland is a member of the NeighborWorks network, which was created by NeighborWorks America to improve homeownership opportunities for low- and moderate-income families, provide financial education and improve financial literacy, rebuild and repair properties; develop affordable multifamily units, and, use innovative strategies to improve safety and revitalize communities across the nation. Collectively, NeighborWorks America and the NeighborWorks network have been able to:
- Invest nearly $20 billion in America's urban, rural, and suburban communities;
- Create the nation's largest force of certified homeownership education counselors and foreclosure intervention counselors;
- Provide homeownership counseling to more than 500,000 families;
- Assist more than 80,000 families of modest means to achieve their dream of homeownership;
- Develop, own and manage over 73,000 affordable, high quality rental units;
- Rehabilitate more than 85,000 homes using state-of-the-art methods, including green and healthy building techniques;
- Invest in rebuilding efforts in hurricane-affected communities across the Gulf Coast; and
- Mobilize hundreds of thousands of volunteers to revitalize communities.
“We are grateful for the support from Congress and our other private, philanthropic and public funders who make our work possible. Although no one organization or sector can resolve the foreclosure crisis and re-stabilize communities, NeighborWorks America and the NeighborWorks network are making a significant contribution to this effort because of the support from Congress and our partners,” continued Wade.
For more information about Neighborhood Housing Services of Greater Cleveland, please contact Lou Tisler, 216.458.4663 x12 or LTisler@nhscleveland.org.
For more information about NeighborWorks America, please contact Erin Angell Collins, 202-220-6317, ecollins@nw.org.
Neighborhood Housing Services of Greater Cleveland (NHSGC) is an organization providing free, fair and unbiased information, programs and services to the residents of Greater Cleveland and the surrounding areas of northeast Ohio to assist residents in achieving, preserving and sustaining the American dream of homeownership. NHSGC is one of the first chartered NeighborWorks® organizations, a network of over 230 organizations working in nearly 4,400 urban, suburban and rural communities nationwide. For more information call 216.458.HOME (4663) or visit our website at www.nhscleveland.org.
