Businesses Honored for Contributions to Lower-Income Communities


Chicago, IL – August 20, 2008 – (RealEstateRama) —NeighborWorks® has announced the most generous contributors to its work in affordable housing, foreclosure intervention and community development for FY 2007.  The organizations were presented with the annual NeighborWorks® Partner Awards at a ceremony in Chicago on August 19.

Bank of America, United Way of America, and State Farm® were the Most Generous Local NeighborWorks® Contributors.  Local contributors give to individual NeighborWorks® organizations in communities across the country, increasing their ability to serve modest-income individuals and families with services such as homeownership counseling and assistance, financial literacy education, and neighborhood revitalization.

Fannie Mae, State Farm® and Countrywide were the Most Generous National NeighborWorks® Contributors.  National contributors support NeighborWorks® America’s programs nationwide, such as foreclosure prevention and counseling, promoting affordable housing for working families, and providing training and technical assistance to community development organizations.

Fannie Mae, Washington Mutual, Inc., and Wachovia Corporation were the Most Generous NeighborWorks® Social Investors.  Social investors provide socially responsive capital in support of Neighborhood Housing Services of America, NeighborWorks® America’s secondary market and the leading provider of nonprofit secondary market capital to the community development field.

“These organizations truly understand and support our mission of community revitalization,” said Ken Wade, CEO of NeighborWorks® America.  “From helping homeowners prevent foreclosure, to providing high-quality rental housing, to helping the rebuilding effort in the Gulf Coast region, their generous support plays a crucial role in our success.” 

The contributions supported a variety of NeighborWorks® programs and activities nationwide, aimed at creating and preserving affordable housing opportunities and building stronger communities.

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. Much of our success is achieved through our support of the NeighborWorks network ? more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.
Douglas Robinson, 202-220-2360, drobinson (at) nw (dot) org


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