Formed in 1979 through grass-roots’ effort of the residents of the Merrill Neighborhood in the City of Beloit, NeighborWorks Blackhawk Region has gone on to create public, private and community partnerships that generate investment and build healthy neighborhoods throughout the community. In addition to the Merrill Neighborhood, today those neighborhoods include the west-side Hackett Neighborhood, the Shore Drive Neighborhood and the neighborhood around Beloit College. Low-to-moderate income residents living in and buying homes in these priority neighborhoods are eligible for special services and loan products.
NeighborWorks Blackhawk Region is a NeighborWorks® America certified Full-Cycle lending organization offering a full range of home buyer services. The agency is an Approved Housing Counseling Agency by the Department of Housing and Urban Development and is HUD certified as a Community Housing Development Organization (CHDO). CHDO status allows NeighborWorks Blackhawk Region to access HOME Program funds for real estate development.
Acquisition, Building, Rehabilitation
WE ACQUIRE HOUSING UNITS, BUILD NEW HOUSING AND REHABILITATE BLIGHTED HOMES IN PRIORITY NEIGHBORHOODS
NeighborWorks Blackhawk Region acquires substandard housing stock in its priority neighborhoods – rehabilitates the homes to high quality standards and sells them to qualified buyers who have completed homebuyer education classes. NeighborWorks Blackhawk Region also builds new homes in areas where conditions have necessitated the demolition of a house.
WE PROVIDE RENTALS IN A PRIORITY NEIGHBORHOOD
NeighborWorks Blackhawk Region owns and manages 6 units of residential rental property. NeighborWorks Blackhawk Region owns a 2-family and a 4-family home in one of our priority neighborhoods: Parker House Estates is a unique historic development that consists of six affordable rental units located in the Bluff Historic District.
For Those Otherwise Homeless
WE PROVIDE SAFE, TEMPORARY, WELL-MANAGED HOUSING FOR AN UNDERSERVED POPULATION OF MEN WHO WOULD OTHERWISE BE HOMELESS
Brittan House is a transitional living facility comprised of 45 units of single rooms for otherwise homeless men. The mission of Brittan House is to provide a stable, peaceful housing environment where the residents have the opportunity to re-build and re-position their lives. NeighborWorks Blackhawk Region also owns two commercial spaces adjacent to Brittan House.
Homeownership promotion uses NeighborWorks® curriculum “Realizing the American Dream” to teach Home Buyer Education classes. Prior to taking the class, participants meet with an NeighborWorks Blackhawk Region Housing Counselor for an individual intake session. HBE classes and counseling services are available to all homebuyers, regardless of income or geographic location. Classes are currently offered in Beloit and Janesville.
NeighborWorks Blackhawk Region also offers a range of downpayment assistance products from its Revolving Loan Fund. Downpayment assistance loans may be forgivable if the buyer’s income is at or below 80% of the area median income and they are purchasing an NeighborWorks Blackhawk Region rehabbed or newly constructed home in a priority neighborhood; deferred if the buyer is purchasing a home in one of NeighborWorks Blackhawk Region’s neighborhoods identified as a priority neighborhoods; or repayable, if the buyer is purchasing a home in Beloit, but outside of a priority neighborhood.
NeighborWorks Blackhawk Region provides post-purchase educational seminars teaching homeowners how to create wealth through homeownership, how to develop a successful family spending plan, how to do preventive and corrective home maintenance, and how to prevent foreclosure.
NeighborWorks Blackhawk Region aspires to work with homeowners at the beginning stages of foreclosure, counseling them through the necessary steps to pull themselves out of their situation. NeighborWorks Blackhawk Region has also developed working relationships with area lenders and loan servicers especially beneficial where loan modifications are sought.
NeighborWorks Blackhawk Region provides Home Equity Conversion Mortgage (HECM) counseling to those seeking HECM loans – commonly referred to as reverse mortgages.
Benefit to Families and Community
NeighborWorks Blackhawk Region’s work has great social value and contributes to improving the quality of life for the thousands of families residing in the greater Beloit communities. We provide a wide range of services, including building and renovating homes, managing properties, counseling new homebuyers and providing foreclosure assistance for struggling homeowners. One result is helping to stabilize high-priority areas, enhancing not just one life within the community but the overall quality of community life.
Contributor to Local Economy
NeighborWorks Blackhawk Region is also a small business. As such, we deliver significant financial value by maintaining and building payrolls, running our own business, purchasing goods and services from other local small businesses and generating local, state and federal taxes and fees. We’re a contributor to the Stateline Area’s prosperous business environment.
During the period 2006-2011 NeighborWorks Blackhawk Region was responsible for over $24.4 million in economic activity as a result of its operations. $8.6 million of this was a direct effect (initial impact on the economy), $2.7 million an indirect effect (secondary impact caused by changing input needs of directly affected industries, e.g., building homes requires lumber, cement, and architectural services) and $13.1 million an induced effect (impact caused by household change in spending due to additional employment caused by direct and indirect affects, e.g., construction workers shop at the grocery store or buy clothing). On an annual basis, the organization sustains over 40.3 jobs.