The Neighborhood Reinvestment Corporation,
also known as
A pseudonym (; ) or alias () is a fictitious name that a person assumes for a particular purpose, which differs from their original or true meaning (orthonym). This also differs from a new name that entirely or legally replaces an individual's ow ...
NeighborWorks America, is a
congressionally chartered nonprofit organization that supports community development in the United States and
Puerto Rico
; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...
. The organization provides grants and technical assistance to more than 240 community development organizations. Neighbor Works America provides training for housing and community development professionals through its national training institutes. Since 2007, Neighbor Works America has administered the congressionally created National Foreclosure Mitigation Counseling Program.
The Neighbor Works network is made up of more than 240 community development organizations working in urban, suburban, and rural communities across the country.
The Neighborhood Reinvestment Board of Directors consists of the Deputy Secretary of
Housing and Urban Development
The United States Department of Housing and Urban Development (HUD) is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. It is headed by the secretary of housing and u ...
, a member of the
Board of Governors of the Federal Reserve System
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the m ...
, a member of the Chief Counsel Office of the
Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to corporate charter, charter, bank regulation ...
, the Vice Chairman of the
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a State-owned enterprises of the United States, United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was cr ...
and a member of the Board of the
National Credit Union Administration
The National Credit Union Administration (NCUA) is an American government-backed insurer of Credit unions in the United States, credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. deposi ...
.
History
The early origins of the nonprofit NeighborWorks America are traced to 1968, when
Dorothy Mae Richardson, a
Central North Side resident of
Pittsburgh
Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of Un ...
,
started a campaign for better housing in her neighborhood. Dorothy Mae Richardson worked with city bankers and government officials to convince 16 financial institutions to give out conventional loans in the community. Her legacy was an organization named the Neighborhood Housing Services (NHS) of Pittsburgh. Eventually, Neighborhood Housing Services of Pittsburgh became the national model for community-based housing initiatives throughout the country.
In 1970, the
Federal Home Loan Bank Board
The Federal Home Loan Bank Board (FHLBB) was a U.S. board created by the Federal Home Loan Bank Act in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks), also created by the act; the Federal Savings and Loan Insurance Corporatio ...
, became involved with Neighborhood Housing Services (NHS) of Pittsburgh, and started expanding the program by training savings and loan officers for urban areas nationally.
In 1978, Congress chartered Neighborhood Reinvestment Corporation, with a mission to recreate Neighborhood Housing Services of Pittsburgh's housing program throughout the nation's cities.
In 1984 the first Neighborhood Housing Week
(now called NeighborWorks Week) was congressionally established. President
Ronald Reagan
Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party a ...
proclaimed a national observance.
During the 1980s, the
Ad Council
The Advertising Council, commonly known as Ad Council, is an American nonprofit organization that produces, distributes, and promotes public service announcements or PSAs on behalf of various sponsors, including nonprofit organizations, non-gover ...
worked with Neighborhood Reinvestment Corporation and created "NeighborWorks".
Neighborhood Reinvestment Corporation began doing business as NeighborWorks America in 2005.
In 2007, Congress selected NeighborWorks America to administer the National Foreclosure Mitigation Counseling program. In a continuing effort to assist in recovery from the housing crisis, in 2009 NeighborWorks launched the Loan Modification Scam Alert campaign and Stable Communities Initiative. In June 2011, the U.S. Department of Housing and Urban Development, in partnership with NeighborWorks America, launched the Emergency Homeowners' Loan Program to assist homeowners across the country at risk of foreclosure.
There are now more than 240 NeighborWorks organizations operating in urban, suburban and rural communities in all 50 states, the
District of Columbia
Washington, D.C., formally the District of Columbia and commonly known as Washington or D.C., is the capital city and Federal district of the United States, federal district of the United States. The city is on the Potomac River, across from ...
and
Puerto Rico
; abbreviated PR), officially the Commonwealth of Puerto Rico, is a Government of Puerto Rico, self-governing Caribbean Geography of Puerto Rico, archipelago and island organized as an Territories of the United States, unincorporated territo ...
. In the past five years, NeighborWorks organizations have generated more than $19.5 billion in reinvestment in these communities. NeighborWorks America has become a leading trainer of community development, financial capability, and affordable housing professionals. NeighborWorks America has helped more than 1.7 million homeowners through its congressionally funded National Foreclosure Mitigation Counseling program.
Community leaders
In honor of its namesake, NeighborWorks America nationally offers the Dorothy Richardson Award for Resident Leadership.
Dorothy Richardson continued to live in Pittsburgh, Pennsylvania as an active community member and supervisor of the Pittsburgh Housing Clinic, until her death on April 28, 1991, at
Allegheny General Hospital. She lived to 68.
She graduated from
Allegheny High in 1940.
Leaders in NeighborWorks
# Bill Whiteside, first executive director of Neighborhood Reinvestment Corporation from 1978 to 1990
# George Knight, executive director from 1990 to 2000,
Inducted into the Affordable Housing Hall of Fame
# Ellen Lazar, executive director from 2000 to 2003
# Kenneth Wade, CEO from 2004 to 2011
# Eileen Fitzgerald, CEO from 2011 to 2014
# Paul Weech, CEO from 2014 to 2017
#Marietta Rodriguez, president and CEO from 2018 to present
See also
*
Title 24 of the Code of Federal Regulations
Notes
External links
*
Neighborhood Reinvestment Corporationin the
Federal Register
The ''Federal Register'' (FR or sometimes Fed. Reg.) is the government gazette, official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices. It is published every wee ...
{{DEFAULTSORT:Neighborworks America
Government-owned companies of the United States
Community development organizations
Local government in the United States
Non-profit organizations based in Washington, D.C.
1978 establishments in the United States
Affordable housing
Housing in the United States
Organizations established in 1978
Corporations chartered by the United States Congress