Thursday, February 24, 2011

New NeighborWorks Video Features Three Organizations Stabilizing Communities in Northern New Jersey

NeighborWorks America’s Stable Communities Initiative, in partnership with the Northeast District Office, is pleased to share a new video that features three NeighborWorks organizations in Northern New Jersey that are stabilizing communities impacted by the foreclosure crisis.

These organizations are using a $20 million award from Round 2 of the Neighborhood Stabilization Program to purchase and rehabilitate foreclosed properties, build new units on vacant lots, and place new homebuyers into homes in Newark and Essex County. The NSP2 consortium is led by the City of Newark and supported by data and research capabilities provided by Rutgers, The State University of New Jersey.

The three NeighborWorks organization – HANDS, Inc., Brand New Day, and La Casa de Don Pedro – came together as part of the Newark Foreclosure Partners Council when the foreclosure crisis hit in 2008, and as a result were well positioned to take advantage of this competitive funding opportunity to continue and enhance their foreclosure response efforts.

The release of this video —Building Stable Communities: Joining Forces to Fight Foreclosure in Essex County, NJ — is timely, with Round 2 of the Neighborhood Stabilization Program having been released one year ago in February of 2010. NSP2 programs are in full swing in local communities, and we anticipate many communities beginning to see the positive results of these activities as grantees work towards tight expenditure deadlines.

We’d love to hear your thoughts on the new video and hear about stabilization efforts in your community. Feel free to share your thoughts using the comment button below.