"The rules for NSP and other similar federal programs can be a challenge for nonprofit organizations who are not accustomed to managing federal funds, and the consequence of missteps can be delayed reimbursement or in the worst case, having to return grant funds to HUD,” said Sarah Greenberg, senior manager, Community Stabilization, at NeighborWorks America.
There are 109 organizations in the NeighborWorks network managing over $146 million of NSP Round 1 funds, and an additional 19 NeighborWorks network organizations are direct recipients of competitive NSP Round 2 funds. NeighborWorks America believes that it’s important for all participating nonprofits to have the best guidance on running a cost-effective program.
The webinar is part of NeighborWorks America's overall effort to make information readily available to nonprofits working to restore communities devastated by the foreclosure crisis. To this end, NeighborWorks will also be hosting a peer convening for nonprofit NSP2 grantees in Philadelphia on August 16, 2010, as part of the NeighborWorks Training Institute.
Other information on best practices, case studies, and the latest news and research are available at www.StableCommunities.org.