Friday, August 27, 2010

NeighborWorks America Continues Commitment to Gulf Coast Region

On the fifth anniversary of Hurricane Katrina, NeighborWorks America underscored its commitment to the Gulf Coast region, announcing that it will invest $3 million in the region by the end of 2010. Since 2006, NeighborWorks America has invested $15 million in resources in the Gulf to support an array of rebuilding efforts.

Here's some of the major areas where NeighborWorks is having impact:
  • The construction or rehabilitation of 3,718 for-sale and multifamily affordable housing units, 250 of which incorporate green building techniques
  • Financial and homeownership education for 26,030 Gulf Coast residents
  • Support, technical assistance, and training for local nonprofit affordable housing and community development organizations throughout the region.

    “NeighborWorks remains committed to rebuilding the communities of the Gulf Coast, and will continue to work effectively with our local and regional partners to rehabilitate and develop affordable housing, deliver financial education and homeownership counseling, and provide technical assistance and support for the nonprofit community. With the help of our partners, we will continue to empower affected families and help to build a better future for generations to come,” said Ken Wade, CEO of NeighborWorks America.

    This year alone, NeighborWorks America is investing an additional $3 million in the region, including $225,000 in grants to four Gulf area organizations who are providing assistance to constituents impacted by the BP oil spill.

    James Ross, Gulf Rebuilding manager at NeighborWorks, works closely with Gulf partners has seen first-hand the impact of this latest crisis. “Folks here are blindsided by this disaster – they don’t know how to support their families or pay their mortgages now that their businesses have been shuttered and their way of life has been threatened. Funding from NeighborWorks gives partners much-needed flexibility to address issues resulting from the oil spill.” View news release.