What is the neighborhood reinvestment?

Neighbor Reinvestment Corporation is a non -profit organization that helps to finance projects to improve communities and create affordable housing in urban, suburban and rural areas. The organization was founded in 1968 by a neighboring activist in Pittsburg, Pennsylvania, who convinced the bankers and leaders of the local administration to extend their loans to improve its community. Today, in April 2005, its name neighborhood, now known as NeighborWorks America, changed. Neeundworks have several offices and cooperate with other non -profit organizations throughout the United States to continue to revitalize communities.

The organization works with financial institutions based in communities that need help, along with the leaders of the local administration and residents of the community to improve the state of the community. Financial institutions promise to provide loans for local non -profit organizations, government entities or private citizens. Projects may include housing improvements, communionLittle cultural events and the creation or maintenance of public recreational facilities, among other things. Organizations or individuals looking for financial assistance must apply for a grant from neighborhood America.

The network of neighborhoods plus the non -profit organization of the local community ensures that the organization affects community throughout the United States. The main office of the neighborhood is located in Washington, D.C., with nine other offices scattered throughout the United States. The organization also cooperates with 235 other non -profit organizations, provides grants for projects and training for members of these other organizations and support of the program or assistance.

The overall goal of reinvesting the neighborhood is to strengthen the community through affordable housing and other community projects. Projects include renewal of property real estate and then sell them to residents with lower incomes at a price lower than TRHarvesting, which provides grants to homeowners with lower income to improve their assets and create events or facilities that promote social cohesion. The exact opportunities available in the community depend on several factors, including what the local governments have decided, are the priorities of the community and the amount of money offered by local financial institutions.

In 1968, the inhabitants of Pittsburg founded Oicoghod Reinvestment Corporation as a way to improve their own neighborhood. In the 1970s, the reinvestment of the neighborhood for reinvestment of the neighborhood began to train savings and credit officers for cooperation with the city communities. Head IV Housing and Community Development from 1978 established the neighborhood as a congress -passing non -profit organization. The United States Congress Still Operations are Operations of the Neighborhood, with the Public Policy Division and Legislative Affairs, administering the relationship between the neighborhood with Congress and other federal agencies connectionof the states.