CHRISTIANSBURG – Community Housing Partners (CHP), a member of the national NeighborWorks network, hasreceived $543,000 in flexible grants from NeighborWorks America, which will support CHP’s efforts to develop and preserve affordable housing and revitalize and sustain neighbors throughout the Southeast and mid-Atlantic.
“We are incredibly grateful for this grant from NeighborWorks America, which will allow us to continue our critical work in developing and preserving affordable housing,” said Lance Sutherland, Chief Financial Officer at CHP. “This funding helps CHP to remain agile and responsive to the evolving needs of our communities.”
The grant includes $360,000 in capital funding to support CHP’s real estate development activities. In total, NeighborWorks America announced more than $79 million in grants to its network of 247 nonprofit organizations located around the country. Network organizations use flexible NeighborWorks grants to develop affordable rental and for-sale housing, provide housing and financial counseling services, engage residents in comprehensive community development strategies, and make commercial and economic development loans.
“In 2022, NeighborWorks network organizations were a lifeline for people facing eviction, foreclosure, and homelessness. We provided the knowledge, access and resources to secure stable housing,” said Marietta Rodriguez, President and CEO of NeighborWorks America, in the grant announcement. “Rising housing costs have put enormous strain on household budgets, and NeighborWorks network organizations continue to work with families to improve their financial well-being. NeighborWorks network organizations also lift up entire communities in urban, suburban, and rural areas, partnering with residents to strengthen and revitalize neighborhoods.”
In fiscal year 2022, NeighborWorks America and the NeighborWorks network generated $10.8 billion in direct investment in communities across the country. NeighborWorks also provided 415,800 housing and counseling services, created 18,800 new homeowners, and owned and/or managed 204,900 quality, affordable rental homes.
Submitted by Community Housing Partners
Leave a Reply