NeighborWorks America
Encyclopedia
The Neighborhood Reinvestment Corporation, doing business as
NeighborWorks America,is a Congressionally chartered
nonprofit organization that supports community development in the United States. The organization provides grants and technical assistance to 235 U.S. community development organizations.NeighborWorks America provides training for housing and community development professionals through its national training institutes.Since 2007, NeighborWorks America has administered the Congressionally created National Foreclosure Mitigation Counseling Program.
The NeighborWorks network comprises 235 community development organizations working in nearly 4358 urban, suburban and rural communities across the country.
The Neighborhood Reinvestment board of directors consists of the Assistant Secretary of Housing and Urban Development, a member of the Board of Governors of the Federal Reserve System,a member of the Chief Counsel Office of the Comptroller of the Currency, the Director of the Office of Thrift Supervision
and a member of the Board of the National Credit Union Administration
. The chairman of the board is Thomas J. Curry, Director of the Federal Deposit Insurance Corporation
.
In 1970 the Federal Home Loan Bank, using the model of NHS Pittsburgh, started training savings and loan officers for urban areas. They become workshops for creating organizations like NHS. These are known as NeighborWorks Organizations today. NHS Pittsburgh is now a NeighborWorks Organization called NeighborWorks Western Pennsylvania.
In 1984 the first Neighborhood Housing Week (now called NeighborWorks Week) was congressionally established. President Ronald Reagan proclaimed a national observance.
During the 1980’s the Ad Council
worked with Neighborhood Reinvestment Corporation and created “NeighborWorks.”
Neighborhood Reinvestment Corporation began doing business as NeighborWorks America in 2005.
From 2005 to 2010, the NeighborWorks organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families purchase or improve their homes or secure safe, decent rental or mutual housing.
In June 2011 the U.S. Department of Housing and Urban Development in partnership with NeighborWorks America, launched the Emergency Homeowners' Loan Program to assist homeowners across the country at risk of foreclosure.
Doing business as
The phrase "doing business as" is a legal term used in the United States, meaning that the trade name, or fictitious business name, under which the business or operation is conducted and presented to the world is not the legal name of the legal person who actually own it and are responsible for it...
NeighborWorks America,is a Congressionally chartered
Congressional charter
A congressional charter is a law passed by the United States Congress that states the mission, authority and activities of a group. Congress issued federal charters from 1791 until 1992 under Title 36 of the United States Code....
nonprofit organization that supports community development in the United States. The organization provides grants and technical assistance to 235 U.S. community development organizations.NeighborWorks America provides training for housing and community development professionals through its national training institutes.Since 2007, NeighborWorks America has administered the Congressionally created National Foreclosure Mitigation Counseling Program.
The NeighborWorks network comprises 235 community development organizations working in nearly 4358 urban, suburban and rural communities across the country.
The Neighborhood Reinvestment board of directors consists of the Assistant Secretary of Housing and Urban Development, a member of the Board of Governors of the Federal Reserve System,a member of the Chief Counsel Office of the Comptroller of the Currency, the Director of the Office of Thrift Supervision
Office of Thrift Supervision
The Office of Thrift Supervision was a United States federal agency under the Department of the Treasury that charters, supervises, and regulates all federally- and state-chartered savings banks and savings and loans associations. It was created in 1989 as a renamed version of another federal agency...
and a member of the Board of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
. The chairman of the board is Thomas J. Curry, Director of the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
.
History
The nonprofit organization known as NeighborWorks America started in 1968, when a resident of Pittsburgh, Pennsylvania's Central North Side, started a campaign for better housing in her neighborhood. She worked with city bankers and government officials to convince 16 financial institutions to give out conventional loans in the community. This organization was named the Neighborhood Housing Services (NHS).In 1970 the Federal Home Loan Bank, using the model of NHS Pittsburgh, started training savings and loan officers for urban areas. They become workshops for creating organizations like NHS. These are known as NeighborWorks Organizations today. NHS Pittsburgh is now a NeighborWorks Organization called NeighborWorks Western Pennsylvania.
In 1984 the first Neighborhood Housing Week (now called NeighborWorks Week) was congressionally established. President Ronald Reagan proclaimed a national observance.
During the 1980’s the Ad Council
Ad Council
The Advertising Council, commonly known as the Ad Council, is an American non-profit organization that distributes public service announcements on behalf of various sponsors, including non-profit organizations and agencies of the United States government....
worked with Neighborhood Reinvestment Corporation and created “NeighborWorks.”
Neighborhood Reinvestment Corporation began doing business as NeighborWorks America in 2005.
From 2005 to 2010, the NeighborWorks organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families purchase or improve their homes or secure safe, decent rental or mutual housing.
In June 2011 the U.S. Department of Housing and Urban Development in partnership with NeighborWorks America, launched the Emergency Homeowners' Loan Program to assist homeowners across the country at risk of foreclosure.
Leaders in NeighborWorks History
- Bill Whiteside, First Executive Director of Neighborhood Reinvestment Corporation from 1978-1990
- George Knight, Executive Director from 1990-2000, Inducted into the Affordable Housing Hall of Fame
- Ellen Lazar, Executive Director from 2000-2003
- Kenneth Wade, CEO from 2004-2011
- Eileen Fitzgerald, Present day CEO