NEW ORLEANS, LA - NeighborWorks America announced its partnership with Make It Right in New Orleans, La. Through the partnership, NeighborWorks America provides prospective Make It Right homeowners with financial education and homeownership counseling that will ensure each homeowner achieves sustainable homeownership. Just this week NeighborWorks staff helped the first three Make It Right homeowners close on their new homes.
"We thank Make It Right for recognizing the important role of homeownership and financial education in rebuilding New Orleans' Lower Ninth Ward," said NeighborWorks America CEO Ken Wade. "Homeownership education and counseling helps borrowers make sound financial decisions that lead to long-term homeownership. In order for a community to succeed, its residents must have a strong stake in the community."
NeighborWorks works closely with each applicant who applies to become a Make It Right homeowner by assessing their financial needs, providing guidance on job training and employment, expanding their knowledge about homeownership and maintenance, and counseling to help them become leaders in the neighborhood which will create a sustainable community.
NeighborWorks America, a leader in affordable housing and community development, has had a long-standing presence in the Gulf Coast region. Following the 2005 hurricanes, the organization committed to expand its presence and increase financial support for other organizations in the region to address the overwhelming demand for affordable housing and financial and homeownership counseling and education.
NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. Since 1991, we have assisted nearly 1.2 million low- to moderate-income families with their housing needs. Much of our success is achieved through our support of the NeighborWorks network aEUR- more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities. NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals.
Source: NeighborWorks America