Non-Profits To Assist Low-Income Homeowners

WASHINGTON, DC, Rebuilding Together, the nation's lead nonprofit working to preserve affordable homeownership, today announced that it has partnered with NeighborWorks America. The partnership will allow both groups to better serve low-income homeowners in urban, suburban and rural areas, especially the elderly and disabled. Partnership elements will include local affiliate outreach and collaboration, sharing of training opportunities, referral and information sharing, and strategic alignment with other nonprofit organizations.

"The NeighborWorks partnership is a fantastic benefit for our affiliates. We are delighted to have forged this important alliance with NeighborWorks given the severity of our nation's on-going housing crisis and the need for a robust response from the non-profit community," said Gary A. Officer, President and CEO of Rebuilding Together.

Rebuilding Together has accomplished more than 100,000 homes in the United States since its founding through the work of nearly 225 affiliates. By the end of 2007, more than 3 million volunteers had committed their time and effort to Rebuilding Together, which has resulted in more than $1 Billion in market value delivered to the nearly 2000 communities.

"NeighborWorks America looks forward to collaborating with Rebuilding Together and its affiliates," said NeighborWorks America CEO Ken Wade. "We will capitalize on the unique strengths of each organization to address the nation's affordable housing needs and strengthen communities."

NeighborWorks America provides financial support, technical assistance and training for communities across the nation, including the NeighborWorks network, a nationwide network of more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks organizations have generated more than $12.4 billion in reinvestment and helped more than 850,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.