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Strengthening Bonds: Partnerships Between NeighborWorks Organizations and State Housing Finance Agencies

Author(s)/Creator(s): Anne Gass

Publication Date: 2001-11-01

Copyright Info: Copyright 2001 Neighborhood Reinvestment Corporation (dba NeighborWorks® America).

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Summary/Abstract:
Nonprofit organizations seeking to provide affordable housing in their communities need access to capital to pay operating costs, provide down-payment and closing-cost assistance, capitalize revolving loan funds, and develop rental housing. They also need to build and strengthen their capacity to offer programming, to train new staff as old ones leave, and to learn new strategies for creating and maintaining affordable housing.

The HFA community is also seeking partners who can assist them in meeting a similar mission but have both local expertise and a national presence to share experience and support. They are also looking for partners with a good track record in both production and impact. The NeighborWorks network is uniguely situated to provide that in many states.

This paper highlights a variety of ways that NeighborWorks organizations and state housing finance agencies (HFAs) are partnering to provide financial and technical assistance to affordable housing efforts.

Audiences Served: Advocates; Policy Professionals; Researchers

Type/Format: CaseStudy; Policy Brief; Whitepaper

Language code: English

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