Print pageFor Immediate Release
June 24, 2025
Contact: Douglas Robinson
NeighborWorks America Awards Third Tranche of FY 2025 Flexible Impact Grants
More Than $20 Million in Investment to Nonprofits Driving Proven, Market-Based Solutions to the Nation’s Housing Supply and Affordability Crisis
Washington, D.C. – NeighborWorks America, a congressionally chartered nonprofit corporation that for more than 45 years has advanced affordable mortgage financing and construction of workforce accessible homes, announced today distribution of $20.8 million in a third tranche of grants to its nationwide network of 245 nonprofit small businesses. This investment in organizations focused on solving the housing affordability and supply crises is the latest round while NeighborWorks America awaits its full year funding.
“Our national network of affiliates needs these congressionally appropriated funds to address the housing supply shortage,” said NeighborWorks America President & CEO Marietta Rodriguez. “The housing affordability and supply crises are not abating. These investments in NeighborWorks homebuilders, housing counselors and lenders make a difference in the lives of families across the country.
“Since our founding more than 45 years ago, NeighborWorks America has worked with every Administration and Congress to innovate and bring new methods and ideas from within our national network to expand housing supply in both the apartment and single-family sectors. Our collective work attracts fresh private capital to help ensure that everyone has a safe and affordable place to call home,” Rodriguez added.
For every dollar of federal appropriation in fiscal year 2024, NeighborWorks and its network attracted an additional $71 of additional public and private sector direct investment in communities, and:
- Helped 105,000 families and individuals by providing counseling on financial capability, pre-purchase, post-purchase or foreclosure issues.
- Created 16,300 new homeowners.
- Owned and/or managed 211,900 rental homes.
- Created and/or maintained 48,900 jobs.
"This investment, efficiently and safely delivered across nearly 250 nonprofit organizations, underscores our commitment to making communities stronger," emphasized Rodriguez.
In addition to funding, NeighborWorks supports its network's ability to develop and maintain the supply of affordable housing through virtual and in-person professional development opportunities including the NeighborWorks Training Institute and organizational assessments. These initiatives enhance and enrich our network organizations and affirm our pledge to strengthen the sector's capacity to increase residential development and nurture enduring change in communities nationwide.
Complementary resources providing insight into NeighborWorks' impact:
About NeighborWorks America
For more than 45 years, Neighborhood Reinvestment Corp., a Congressionally chartered national nonprofit known as NeighborWorks America, has strived to make every community safer and more prosperous. Our network of excellence includes nearly 250 nonprofits in every state, the District of Columbia, Puerto Rico, and on Native lands. NeighborWorks offers grant funding, peer exchange, technical assistance, evaluation tools and access to best-in-class training as the nation's leading trainer of housing and community development professionals. NeighborWorks network organizations build homes and apartments, expanding the supply of affordable housing in every community; provide financial counseling and coaching that increases self-sufficiency; encourage resident leadership, and collaborate with local stakeholders in the areas of health, economic development, employment and education. In Fiscal Year 2024, for every dollar received from Congress, NeighborWorks network and NeighborWorks America attracted an additional $71 of investment from other sources.
