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News Release

March 3 , 2011

Contact:
Doug Robinson, 202-220-2360, drobinson@nw.org

NeighborWorks® Helps More Than 16,700 Families Become Homeowners

Washington, DC - NeighborWorks America, one of the largest community development corporations and the sponsor of one hundred full-service Home Ownership Centers around the U.S., today announced that more than 16,700 families became homeowners last year through the efforts of NeighborWorks organizations.

Despite a tough housing market in 2010, NeighborWorks organizations succeeded in helping homebuyers navigate the complicated process and obtain mortgages that they could afford for the long-term.

“Last year was a tough one for working families who dreamed of homeownership,” said Eileen Fitzgerald, acting CEO of NeighborWorks America. “But with the help of NeighborWorks organizations, many families who stayed on course were able to purchase their own homes. And they’ll be able to stay in those homes for years to come.”

NeighborWorks organizations help families attain homeownership in a variety of ways including homebuyer education and grants for down payment assistance. NeighborWorks organization homeownership efforts are supported through grants from NeighborWorks America, state and local government programs and the support of the private sector.

A list of NeighborWorks HomeOwnership Centers can be found at:

http://bit.ly/nw-network-neighborworksProgs-homeownershipcenters

About NeighborWorks® America

NeighborWorks® America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. Since 1991, we have assisted nearly 1.2 million low- to moderate-income families with their housing needs. In the last five years, NeighborWorks organizations have generated nearly $20 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.

Media Contacts:

NeighborWorks® America, Douglas Robinson, (202) 220-2360

Lawyers’ Committee for Civil Rights Under Law, Stacie B. Royster , 202-662-8317

U.S. Dept. of Treasury, Homeownership Preservation Office, Alvina McHale, (202) 622-2137

Freddie Mac, Brad German, (703) 903-2437

Fannie Mae, Janis Smith, (202) 752-2078

HOPE NOW Alliance, Brad Dwin, (202) 589-1938

1325 G St., NW, Suite 800, Washington, DC 20005-3100
Phone: (202) 220-2300 | Fax: (202) 376-2600