For Immediate Release
Date: August 15, 2005
Contact: Bill Grassano, 202-220-2360
NeighborWorks America Homeownership Symposium Charts
Course Toward The Next Generation of Housing Partnerships
Insurers, Bankers, Developers, Lenders, Realtors®, Community Organizers Convene
Washington, D.C. – NeighborWorks America has called together housing leadership from across the country and various sectors of housing finance to an August 24, 2005 symposium to chart a course for the next generation of affordable housing partnerships. Sponsoring the symposium are: The NeighborWorks Center for Homeownership Education and Counseling (NCHEC), the NeighborWorks Campaign for Home Ownership and the NeighborWorks Insurance Alliance with support from New Century Financial Corporation, E*Trade Financial and Freddie Mac
“This Symposium extends the horizon for leaders in affordable housing to renew existing and develop new partnerships,” says NeighborWorks America CEO Ken Wade. “We are here to focus on partnering across industries – banking, insurance, real estate and others – and with community organizers to expand the supply of affordable housing. Working together, we are making a difference in the lives of people of modest means who want to own a home,” says Wade.
Through its partnerships with business and industry and with community organizers throughout the country, NeighborWorks has successfully put more than 80,000 families of modest means in homes they can afford.
What: |
The Next Generation of Homeowership Partnerships: What the Real Bottom Line? The Symposium takes place in conjunction with the NeighborWorks Training Institute held April 22-26. |
When: |
Wednesday, August 24, 2005, 8:30 am |
Where: |
Washington Hilton
1919 Connecticut Avenue NW
Washington DC 20009
|
Who: |
Citigroup, Freddie Mac, 66 Federal Credit Union, NeighborWorks Columbus Housing Initiative, AFLAC, The Home Depot Foundation, National Association of Realtors, State Farm®, Princeton University, Allstate Insurance Company, St. Paul Travelers, Liberty Mutual Group, CDC of Long Island, N.Y., Texas Commercial and Industrial Real Estate Services, Inc., Metro Realty Group, NHS of New Haven, Yale University, Allegiant Benefit Inc., House America Initiatives, Countrywide Home Loans, Inc., Bank of America, New Century Financial Group, NRP Group, Mercy Housing, Cazo Construction and NeighborWorks America |
“Homeownership is key to building wealth and creating a sustainable financial future for America’s families,” says Wade. He notes people are getting the message that the way to a more secure financial future is through homeownership. “The challenge for those of us in housing finance and community development is to come together to find ways to expand affordable housing so that people of all walks of life can buy their own home,” says Wade.
Symposium topics range from strategies to reduce foreclosures, employer assisted housing and working with insurers, Realtors®, employers, lenders and developers. Workshops take an in-depth look at innovative approaches to working with specific industry partners.
Dr. Eldar Shafir, Princeton University Professor of Psychology and Public Affairs, will speak at the symposium luncheon at 11:30 a.m. where he will challenge participants to take into account consumer behavior and how it impacts their ability to be successful homeowners.
Journalists wishing to attend all or part of the symposium should contact Bill Grassano at 202-220-2360 or by email at bgrassano@nw.org.
About NeighborWorks America
NeighborWorks America provides financial support, technical assistance and training for communities across the nation, including the NeighborWorks network – a nationwide network of more than 235 community development organizations working in more than 2,700 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.
