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For Immediate Release
April 16, 2025
Contact: Douglas Robinson
NeighborWorks America Reports $2.6 Billion in Total Affordable Housing Investment and More than 260,000 Households Helped in First Quarter Fiscal Year 2025
Washington, D.C. – NeighborWorks America announced today housing activities by its nationwide network of nonprofit community development organizations resulted in $2.56 billion of total investment into the creation and preservation of affordable homeownership and rental housing. Federal investment in NeighborWorks America is an efficient and effective way to deliver affordable housing dollars, with every dollar of federal appropriation multiplied 71 times on behalf of individuals and families across America.
“Each day, the NeighborWorks network, fueled with financial and technical support from NeighborWorks America, delivers efficient and meaningful affordable housing solutions in communities across America,” said NeighborWorks America President & CEO Marietta Rodriguez. “NeighborWorks America is pleased to be aligned with the Administration and its efforts to focus resources to lower the cost of housing and expand housing supply as stated in the January 20 Executive Order.””
In the quarter that ended Dec. 31, 2024, NeighborWorks and our network created and preserved affordable homeownership for more than 6,800 households. And with rents still too high in many parts of America, NeighborWorks affiliates cut through red tape to build or preserve more than 1,900 affordable apartments, increasing the total rental home portfolio to 212,445.
Overall, more than 260,000 individuals and families were assisted with affordable housing and essential homeownership and related counseling services in the quarter ended Dec. 31.
NeighborWorks America will report housing investment results for the quarter ending March 31, 2025, on June 20, 2025.
About NeighborWorks America
For more than 45 years, Neighborhood Reinvestment Corp., a national, nonpartisan nonprofit known as NeighborWorks America, has strived to make every community a place of opportunity. 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 provide residents in their communities with affordable homes, owned and rented; financial counseling and coaching; community building through resident engagement; and collaboration in the areas of health, employment and education. In Fiscal Year 2024, for every dollar received from Congress, the NeighborWorks network and NeighborWorks America attracted an additional $71 of investment from other sources
