The Neighborhood Reinvestment Corporation,
doing business as
A trade name, trading name, or business name, is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is a "fictitious" business name. Registering the fictitious name w ...
NeighborWorks America, is a
congressionally chartered nonprofit organization that supports community development in the United States and Puerto Rico. The organization provides grants and technical assistance to more than 240 community development organizations. NeighborWorks America provides training for housing and community development professionals through its national training institutes. Since 2007, NeighborWorks America has administered the Congressionally created National Foreclosure Mitigation Counseling Program.
The NeighborWorks network comprises 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 Ur ...
, 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 mo ...
, 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 charter, regulate, and supervise all nationa ...
, the Vice Chairman of the
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cr ...
and a member of the Board of the
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federa ...
.
History
Early origins of the nonprofi
NeighborWorks® Americaare traced to 1968, when
Dorothy Mae Richardson Dorothy Mae Richardson (May 3, 1922 – April 28, 1991) was an African American community activist who is credited with introducing a new model of community development in the late 1960s when she led a resident campaign for better housing in her ...
, a
Central North Side
Central Northside is a neighborhood in the North Side of the city of Pittsburgh, Pennsylvania, USA. It has a zip code of 15212, and has representation on Pittsburgh City Council by the council member for District 6 (Downtown/Northshore Neighbo ...
resident of
Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the second-most populous city in Pennsylva ...
,
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 board created in 1932 that governed the Federal Home Loan Banks (FHLB or FHLBanks) also created by the act, the Federal Savings and Loan Insurance Corporation (FSLIC) and nationally-chartered thrifts ...
, 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 proclaimed a national observance.
During the 1980s, the Ad Council 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.
[http://www.neighborworks.org/About-Us/What-We-Do/History]
There are now more than 240 NeighborWorks organizations operating in urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. 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 Allegheny General Hospital is a large urban hospital located at 320 East North Avenue in Pittsburgh, Pennsylvania, United States. It is part of the larger Allegheny Health Network.
History
Allegheny General Hospital, also known locally by the acr ...
. She lived to 68.
She graduated from
Allegheny High in 1940.
Leaders in NeighborWorks History
# 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 CFR Title 24 - Housing and Urban Development is one of fifty titles comprising the United States Code of Federal Regulations (CFR), containing the principal set of rules and regulations issued by federal agencies regarding housing and urban develop ...
Notes
External links
*
Neighborhood Reinvestment Corporationin the
Federal Register
{{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