The supply of affordable rental homes is at a crisis point in communities across America, with millions of renters paying one-third or even half of their income on rent. The cost of homeownership is climbing too, as national median home prices ratchet higher, and mortgage rates stay stubbornly close to 7%.

Building and creating homes. That’s the foundation of the mission of NeighborWorks America and its network of excellence. And when we build homes, we also build America. 

“The NeighborWorks network continues to be one of the top builders of affordable rental and for-sale homes,” says Michael Butchko, vice president of Business Intelligence at NeighborWorks. “They are a critical part of this country’s infrastructure.” 

To meet the growing need for housing and services for lower-income seniors, NeighborWorks network organization Nevada HAND (Housing and Neighborhood Development) is developing its latest senior housing development, the Buffalo Cactus Senior Apartments, in Las Vegas. When it opens in mid-2025, this senior living community will provide 125 new affordable housing units for seniors with annual incomes between 30% and 60% of the area median income.

Last month, I had the chance to join NeighborWorks America staff and network members for the NeighborWorks Rural Revitalization Clinic in Millersburg, Kentucky. Hosted by Community Ventures Corporation (CVC), a NeighborWorks network organization with a mission to strengthen communities by helping people achieve their dreams of greater economic opportunity, the four-day event centered on comprehensive community development (CCD) — a strategy that focuses on people, places and systems to create lasting, community-driven change.

It’s a brand new year and NeighborWorks America is moving forward with plans and strategies for the months ahead, including a new, three-year strategic plan. Today, we hear from some of NeighborWorks America’s leaders as they look forward to what 2025 has in store.