NeighborWorks America to Distribute $81 Million in Grants to NeighborWorks Network in 2009

At a time when communities need resources most, thousands across the nation will receive a much-needed affordable housing and community development boost as NeighborWorks America distributes more than $81 million in flexible grants to its national network of more than 230 local nonprofit NeighborWorks organizations. The $81 million that will be distributed in 2009 is an increase from the previous year, and reflects the increased need for community development since the financial crisis began to make headlines in 2008. Read the announcement.

NeighborWorks Tackles Growing Foreclosure Crisis in Louisiana

NeighborWorks America’s Southern District office partnered with the Louisiana Foreclosure Prevention and Mitigation Task Force in March to launch a community stabilization road show. These comprehensive meetings were designed to help stabilize communities by ensuring resources are available to homeowners who are behind on their mortgages and in danger of losing their homes. The task force included staff from FDIC, Louisiana Housing Finance Agency, Federal Reserve Bank of Atlanta, Office of the Comptroller of the Currency and Fannie Mae. Between March 17-20, the task force engaged more than 110 community leaders in target cities. Read more about this effort.