More than 90% of people in the United States rent or will rent a home at some point in their lives. Affordable rental homes are critical to the local workforce and the overall vibrancy and sustainability of our communities.
The NeighborWorks network owns and manages more than 100,000 affordable, high-quality rental homes in communities across the U.S., D.C. and Puerto Rico. Our goal is to ensure NeighborWorks network organizations, with a comprehensive approach to housing and community development, provide the best affordable homes and serve as a model to other community development and housing organizations offering affordable homes.
To build, manage and preserve affordable rental homes, organizations must have strong asset-management capacity.
The NeighborWorks network owns and manages more than 100,000 affordable, high-quality rental homes in communities across the U.S., D.C. and Puerto Rico. Our goal is to ensure NeighborWorks network organizations, with a comprehensive approach to housing and community development, provide the best affordable homes and serve as a model to other community development and housing organizations offering affordable homes.
Asset Management
Our asset management efforts focus on a triple bottom line that meets the needs of residents and community, supports the organization and focuses on enviornmental sustainability.To build, manage and preserve affordable rental homes, organizations must have strong asset-management capacity.
- A strong financial and operational foundation are necessary for organizations to handle the complex activities involved in developing and maintaining rental propertis.
- Good asset management allows organizations to borrow and lend money, invest in new facilities and dedicate resources to resident services.
- Strategic asset management makes it possible to earn a "triple bottom line" of profitability, environmental sustainability and positive social impact.
- Real estate development based on sound asset management experience, assuring that rental homes are underwritten and developed to meet the long term needs of the residents and the community as well as sustain the organization
- Financial capacity ensuring that financial management standards and practices are supporting a healthy and viable organization that is able to borrow, invest, and operate in the community
- Property management supporting the day to day operations that aid the asset management goals of the organization and ensure healthy, viable rental home communities.
- Strength Matters takes asset management to the next level. Based on advanced financial analysis, and using a sophisticated data warehouse that permits industry wide performance benchmarking, this creates a platform to optimize our use of resources and maximize the portfolio performance.
- The Consortium of Housing and Asset Management (CHAM) trains and certifies nonprot housing asset managers so they can better serve their communities and the residents of their affordable housing properties. The CHAM curriculum is the core asset management training program at the NeighborWorks America. This series of six required courses and many elective courses lead to the designation of CHAM Asset Manager.
Resident Services
Our network organizations help renters improve their lives and communities. We do this by supporting organizations and initiatives to improve resident services.Our contributions
- A clearly defined set of outcome measures
- Training for resident service coordinators
- An annual convening of resident service professionals
Our long-term goals
- Demonstrate the effectiveness of housing-based services in building the personal assets of residents
- Identify cost-effective ways to implement programs and services in an affordable housing environment
- Bring together resident services and property management professionals for mutually beneficial outcomes