Homeownership Video Contest Winners

Last month $5,000 in prizes were awarded at the Reclaiming the Vision of Homeownership Symposium in Los Angeles to video contest winners.Three videos were selected out of the many submissions sent in to NeighborWorks America. The winners are all so different and were chosen because of their originality and creativity showing the meaning of homeownership.

The video contest was designed to provide an opportunity for nonprofit housing counseling agencies to creatively portray, through the use of video, what homeownership has meant to the customers they have served in the past, or the dream it represents to customers they are currently serving.

Congratulations to the Winners
First Place: Summit Combined Housing Authority in  Breckenridge,CO
Hope for a Home in the High Country.

 
Second Place: Native American Youth and Family Center in Portland,OR
Sharing Our Stories of Home. 



Third Place: Tabor Community Services in Lancaster, PA
Homeownership 2012.

Board Chair Thomas Curry Visits Foundation Communities Apartments, Learning Center

By Celine Thomasson
NeighborWorks America
Rocky Mountain District

NeighborWorks America Chairman of the Board Thomas Curry took time out of his demanding schedule as Federal Deposit Insurance Corporation director to visit Peter's Colony, a 160 unit apartment community in Carrollton, Texas.  Peter's Colony is owned by Foundation Communities, a member of the NeighborWorks Network.

Director Curry visited the apartment of resident Angela Carter and stopped by one of the children’s programs offered at their on-site Learning Center.  Foundation Communities Executive Director Walter Moreau gave the history of the community which was purchased in 1995 by Foundation Communities from the Resolution Trust Corporation.

The 30- year-old apartments are well kept through renovation and weatherization work. NeighborWorks America grants helped with construction of the on-site Learning Center. Rosa Rios Valdez, CEO of Business & Community Lenders of Texas, also participated in the tour and was able to share many of her experiences as a member of the NeighborWorks Network with Director Curry. Valdez talked about the importance of community banks and BCL of Texas’s work in rural communities.

Although time did not permit a visit to the BCL of Texas NeighborWorks HomeOwnership Center in Dallas, Jan McNerney, director of Homeownership at BCL, spoke about their important work in homeownership and foreclosure prevention throughout the Dallas and Ft.Worth areas.

"It was a privilege to have the gift of Director Curry’s time to visit with residents, children and the NeighborWorks organizations executive directors," said Gary Wolfe, Rocky Mountain district director. "It speaks volumes to his dedication to NeighborWorks America."  

 From left to right: FDIC, Deputy Director Kenyon Kilber; Foundation Communities, Executive Director Walter Moreau; BCL of Texas, Director of Homeownership Jan McNerney; NeighborWorks America, Rocky Mountain District Director Gary Wolfe; Foundation Communities, Director of Programs Julian Huerta; BCL of Texas, CEORosa Rios Valdez; FDIC, Director Thomas Curry;  Peter’s Colony Resident Services Coordinator Tamyra Belo and Lori Lozano.

25th Anniversary of Homebuyers Clubs

NeighborWorks America is joining Manna, Inc. and Network Members across the country to celebrate the 25th anniversary of Homebuyers Clubs this week.

Manna, Inc. was the first organization to create a Homebuyer Club in 1986, a peer support group and a homeownership counseling program. Manna offers low to moderate-income residents of Metropolitan D.C. education and guidance to prepare them for purchasing a home and to sustain the investment of time and money.

Recently two members of Manna's Homebuyers Club shared their story. Meet Willamena Samuels and her daughter Tia Norde; two generations of Homebuyers Club members, in the video below. They show us that being part of a Homebuyers Club makes homeownership possible even for those who thought it wasn’t.



Since the founding of the Homebuyers Clubs numerous organizations have started their own successful clubs. These include PathStone's First Home Club a partnership with Federal Home Loan Bank of New York, Hudson River Housing, Inc. and a club at Community Development Corporation of Tampa.

Thursday, February 23, the founder of Manna, Inc., Reverend Jim Dickerson;NeighborWorks America Board Member and National Credit Union Administration Board Member, the Honorable Christiane Gigi Hyland; NeighborWorks America CEO Eileen Fitzgerald and NeighborWorks American Northeast Regional Director Deborah Boatright will join Homebuyers Club members at the National Press Club to celebrate 25 years of successful first time homebuyers.

Check out stories of Manna's Homebuyers Club members, and be sure to join the conversation on Twitter at #HBC25.

A Recipe for Success: Creating Community Leaders from Scratch

By Sara Varela 
Community Building and Organizing communications specialist, NeighborWorks America

My blog on Leaders for Communities focuses on projects within the national Community Building and Organizing network. This post, on resident leadership development, highlights the activities of CB&O members offering training to promote and build community leaders across the country.

This Wednesday, January 25, Neighborhood Housing Services of South Florida will be hosting a WebEX on how they put together their local Community Leadership Institute (CLI). A great article in the Miami Herald highlighted the CLI graduation ceremony recently. By developing resident leaders organizations like NHS of South Florida contribute to the overall stability of the communities they serve.

NHS of South Florida Community Leadership Institute
graduates celebrate.

Benji Power, NHS of South Florida’s director of Community Building and Organizing, said "Our overall goal is to help those residents make their neighborhood a place that they not only want to choose to stay in and live in, but hopefully other people will as well."

Finding the time to volunteer and be involved can be overwhelming. Resident leadership development programs help break down the enormous task of getting involved. I applaud the graduates of this leadership program and appreciate the efforts of NHS of South Florida for promoting resident leadership development.

NeighborWorks Lincoln, in Nebraska, also hosted a Community Engagement Initiative (CEI) using the “Building Leaders, Building Communities” curriculum created by NeighborWorks America. Residents in this program attend classes once a month for six months. NeighborWorks Lincoln provides a generous $2,500 to each team to complete their project.

And finally, Neighborhood Housing Services of Silicon Valley, in San Jose, California, held a Neighborhood Development Training conference (NDTC) that attracted 200 participants last fall. The NDTC featured free workshops taught by instructors who have experience improving local communities.

NHS of South Florida will be giving instruction how to build community leaders during this Wednesday’s WebEx  at 3 p.m. Participants will be encouraged to share experiences with resident leadership. Are you thinking of hosting or creating a leadership development program for residents in your community? Join NHS of South Florida this week and find out where to start.

NeighborWorks Invested More than $1.3 Billion in Rental Housing in FY 2011

The NeighborWorks network invested more than $1.3 billion into rental housing in the fiscal year ended Sept. 30, 2011. In addition, the number of rental homes owned or managed by the NeighborWorks network exceed 90,000 at Sept. 30.

“In one of the toughest markets for securing capital for quality, affordable rental housing, the NeighborWorks network pushed ahead and found the partners they needed to create great housing for families,” said Eileen Fitzgerald, CEO of NeighborWorks America.

The total investment represents more than 2,800 new apartments built by NeighborWorks, and more than 5,100 homes purchased or significantly rehabbed.

“The investment by the network in these homes created jobs all around the country and helped to secure the long-term availability of great places to live for working families,” added Fitzgerald.

The overall expectations are that the network’s total portfolio will reach 100,000 rental homes in 2013, through a combination of new member affiliation, purchase and new construction.

Despite the forecast for total NeighborWorks portfolio growth over the next few years, the outlook for the broader affordable rental housing is uncertain.

“Government housing budgets at all levels are under stress and the competition for capital priced at rates that make housing accessible for working families, while improved from a year ago, is still a factor in creating quality affordable rental homes for families with modest incomes. In short, the cost to construct, purchase and refinance homes to ensure tenant affordability remains a challenge,” said Fitzgerald.

Faced with these twin realities – reduced resources from government and higher borrowing costs and tight underwriting standards – NeighborWorks America is increasing its efforts to attract social investor capital to the rental housing market.

Fitzgerald noted that the two capital corporations associated with NeighborWorks builders and owners – Community Housing Capital, Decatur, GA, and NeighborWorks Capital, Silver Spring, MD – are essential to the overall effort to bring more social investor capital to the affordable rental housing sector.

Social investors such as the Calvert Foundation and the S.H Cowell Foundation are just two of the investors who have already recognized the triple-bottom line value of investing in quality, affordable rental homes.