NeighborWorks Network Homebuilding Remained Steady in 2024 Despite Higher Interest Rates and Construction Material Costs
For Immediate Release
February 24, 2025
Contact: Douglas Robinson | [email protected]
For Immediate Release
February 24, 2025
Contact: Douglas Robinson | [email protected]
Let me tell you a story about a house.
Not just any house — but the big house. The house where my cousins spent summers running barefoot through the yard, where Sunday dinners stretched late into the evening, filled with laughter and the smell of southern cooking and my great-aunt’s White Diamonds perfume. A house full of memories, history and love.
And then, it became a legal battlefield.
Ashley Hagen and her husband raise cattle and small crops on a farm they purchased through a “contract for deed" in rural South Dakota. Their land included a small home, where they lived with their three sons. “We kept plastic on the windows and even then, you could feel the breeze,” Hagen says. “The foundation was crumbling.”
The following is a transcript of Episode 5 of The Community Effect Podcast.
As the nation mourns former President Jimmy Carter, who died last month at 100, countless people have shared stories of his impact – among them, people in the housing community and at NeighborWorks America.
In 2024, NeighborWorks Capital launched a new lending program to deploy low-cost, long-term capital to NeighborWorks network organizations to empower them to expand their homeownership initiatives in communities across the country. Wells Fargo provided $8.5 million for the launch of this program, and network organizations were selected for funding through a competitive invitation-only application process.
While the world was in the global COVID crisis together, individual struggles varied widely, especially among those struggling to stay in their homes. “Maybe they lost their job during the pandemic because the organization they were working for shut down and they didn't have the type of job that allowed them to go virtual,” shares Tonya Tyler, vice president for national initiatives operations at NeighborWorks America.