NeighborWorks Home Partners Receives $465,000 Award
NeighborWorks Home Partners was awarded $465,000 for its programs to support successful and sustainable homeownership in Minnesota as part of a recently announced congressional appropriation totaling $3,087,500.
U.S. Senators Amy Klobuchar and Tina Smith announced seven separate NeighborWorks grants for community organizations throughout Minnesota. The grants will help more Minnesota families realize their dream of owning a home, increase access to affordable rental units, provide needed financial and counseling services to households in the state, and support the repair or rehabilitation of existing homes.
“Availability of affordable housing that families can fit in their budget is one of the most important issues for our state,” Klobuchar said. “These additional resources will help communities across Minnesota build and maintain reliable, affordable housing. It will also help Minnesotans gain access to mortgage loans and vital community services, including healthcare, education, and job opportunities.”
“Without a safe, stable, affordable place to live, it’s hard to make anything else in your life work—keep your job, go to school, stay healthy or engage with your community,” Smith, a member of the Senate Banking and Urban Affairs Committee, said. “In supporting grant funding for NeighborWorks and affordable housing, we’re helping families grow and be a part of successful communities.”
Jason Peterson, Chief Executive Officer of NeighborWorks Home Partners, said that the appropriation is an important investment in homeownership at a time when Minnesota faces a crisis. “Homeownership is a critical, but often overlooked, component of the affordable housing continuum, but it is increasingly out of reach for Minnesota households,” said Peterson. “Through our community based programs, NeighborWorks Home Partners makes homeownership accessible, affordable, and sustainable.”
NeighborWorks Home Partners is a community based nonprofit organization with offices in Saint Paul and Minneapolis, and is a member of the national NeighborWorks America network. Specializing in homebuyer education and preparation, including credit repair, home improvement loans, down payment assistance and foreclosure prevention, NWHP serves the seven-county metro area. The organization currently provides services in English, Hmong, and Spanish. More information is available at nwhomepartners.org