Neighborhood Housing Services of Beloit Receives $75,500 to Strengthen Neighborhoods through Housing and Community Development Initiatives
Beloit, WI – Neighborhood Housing Services (NHS) of Beloit, a member of the national NeighborWorks® network, is receiving $75,500 in flexible grants from NeighborWorks® America – a much-needed boost that will support its affordable housing and community development activities. The NeighborWorks network is supported by NeighborWorks America and consists of more than 240 independent nonprofit organizations committed to strengthening communities in all fifty states, the District of Columbia and Puerto Rico.
Where the money is invested
Neighborhood Housing Services of Beloit provides a range of community-based services including improving financial literacy and capability; building new homes for sale; repairing single-family homes; developing and maintaining the availability of affordable rental homes; and creating opportunities for neighbors to work together on community issues.
“We thank Congress and our other private, philanthropic and public funders who make possible our work to expand affordable housing opportunities, strengthen communities and stem foreclosures,” Shelley Cousin, Executive Director.
Our Investments Are Working
[quote float=”right”]“For every dollar in NeighborWorks grants, an average of $34 is invested…”[/quote]”For every dollar in NeighborWorks grants, an average of $34 is invested in America’s communities like the ones served in Southern WI, resulting in a total direct investment of almost $4.7 billion in communities in 2012,” said NeighborWorks America CEO Eileen Fitzgerald. “As good stewards of taxpayer dollars, NeighborWorks America ensures our investments are working in ways that truly make a difference.”
NeighborWorks America supports Neighborhood Housing Services of Beloit and more than 240 other chartered members of the NeighborWorks network with grants, technical assistance and training, who believe that that quality housing — homeownership and rental — is the building block of strong communities.
Pre-purchase Homeowner Education
“The homeownership market is getting stronger, but we encourage our neighbors who are considering homeownership for the first time to seek out quality pre-purchase homeownership education and counseling. Research recently published by NeighborWorks America shows that first-time homebuyers who receive help from a NeighborWorks organization are significantly less likely to fall seriously behind on their mortgages within the first two years of homeownership,” said Shelley.