Neighborhood Reinvestment

NeighborWorks America is a federally chartered, independent agency that provides grants and training to more than 200 nonprofit organizations dedicated to community development and affordable housing. NeighborWorks America, in conjunction with two other associations of leading nonprofit housing organizations, established the Strength Matters initiative to improve the productivity, efficiency, and economic resilience of its member organizations. The grant assists the nonprofit affordable housing sector by enhancing its ability to raise private, public, and philanthropic capital on attractive terms.

NeighborWorks America is a federally-chartered, independent agency that provides grants and training to more than 200 community development and affordable housing non-profit organizations. In conjunction with two other associations of leading non-profit housing organizations, it established the Strength Matters initiative to build the productivity, efficiency, and economic resilience of member organizations by enabling them to “benchmark” performance to comparable peers, clarify and standardize financial reporting, and raise private, public, and philanthropic capital on attractive terms. This grant provides funding to implement recommendations based on recent business planning to enable Strength Matters to become financially independent and largely self-funded.

NeighborWorks America provides grants and training to more than 200 non-profit organizations dedicated to community development and affordable housing. NeighborWorks America, in conjunction with two other associations of leading non-profit housing organizations, established the Strength Matters initiative to build the productivity, efficiency, and economic resilience of their member organizations by enabling them to “benchmark” their performance to comparable peers, clarify and standardize their financial reporting, and enhance their ability to raise private, public, and philanthropic capital on attractive terms. NeighborWorks will use this grant to develop and launch a detailed, multi-year business plan to enable Strength Matters to become a financially-independent and largely self-funded enterprise.

The STRENGTH MATTERS® collaborative brings together three national networks of nonprofit affordable housing organizations - Housing Partnership Network, NeighborWorks America and Stewards of Affordable Housing for the Future. The collaborative’s goal is to build the strength, productivity and profitability of its member organizations and to communicate the best practices of those members to the private, public, and philanthropic sectors - thereby attracting additional capital. Strength Matters will use this grant to fund the activities of various Working Groups and two annual member meetings, and to publish two papers documenting innovative practices related to affordable rental housing financing and preservation.

To support the Strength Matters collaborative and the development of an online Data Warehouse for nonprofit owners of affordable rental housing (over two years).