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CHP Receives $802,000 from NeighborWorks America

Christiansburg, Va. — Today Community Housing Partners (CHP), a member of the national NeighborWorks America network, announced that it received $802,000 in flexible grants from NeighborWorks, which will support CHP’s affordable housing and community development activities, at a time when communities need investment most.

“This valuable funding will assist CHP with the creation of high-quality, affordable homeownership opportunities for lower-income families, while helping to revitalize and strengthen communities across the southeast,” said Janaka Casper, President and CEO of CHP.

In 2010, NeighborWorks will provide over $119 million in grants to its national network of more than 230 nonprofit organizations operating in over 4,400 rural, urban, and suburban communities, including those that are served by CHP in Virginia, Kentucky, North Carolina, and Florida. The grants will be used to revitalize and strengthen communities by increasing the number of certified homeownership
counselors through training; stabilizing areas hard-hit by the foreclosure and economic crisis by putting vacant properties back into productive use; empowering consumers through financial and homeownership education and counseling; creating homeownership opportunities for low- and moderate-income families; and producing and managing affordable, high-quality rental properties.

"For every dollar in NeighborWorks grants, an additional $35 is invested in America’s communities, resulting in a direct investment of nearly $4 billion in the areas served,” said NeighborWorks CEO Ken Wade. “As good stewards of taxpayer dollars, NeighborWorks ensures our investments are working in ways that truly make a difference.”

CHP is a member of the NeighborWorks network, which was created by NeighborWorks to improve homeownership opportunities for low- and moderate-income families, provide financial education and improve financial literacy, rebuild and repair properties; develop affordable multifamily units, and, use innovative strategies to improve safety and revitalize communities across the nation. Collectively, NeighborWorks and the NeighborWorks network have been able to:

  • Invest nearly $20 billion in America's urban, rural, and suburban communities;
  • Create the nation's largest force of certified homeownership education counselors and foreclosure intervention counselors;
  • Provide homeownership counseling to more than 500,000 families;
  • Assist more than 80,000 families of modest means to achieve their dream of homeownership;
  • Develop, own and manage over 73,000 affordable, high quality rental units;
  • Rehabilitate more than 85,000 homes using state-of-the-art methods, including green and healthy building techniques;
  • Invest in rebuilding efforts in hurricane-affected communities across the Gulf Coast; and
  • Mobilize hundreds of thousands of volunteers to revitalize communities.

“We are grateful for the support from Congress and our other private, philanthropic and public funders who make our work possible. Although no one organization or sector can resolve the foreclosure crisis and re-stabilize communities, NeighborWorks America and
the NeighborWorks network are making a significant contribution to this effort because of the support from Congress and our partners,” continued Wade.

For more information about NeighborWorks America, please contact Erin Angell Collins, 202-220-6317, ecollins@nw.org.

For more information about CHP, please contact Melissa Byrd, 540.382.2002 ext. 305 or mbyrd@chpc2.org.