June 30  ·  Industry News »

CDFIs Receive $90M in Federal Financial Assistance Awards

Treasury Secretary Tim Geithner has announced $90 million in financial assistance awards for 59 Community Development Financial Institutions (CDFIs) in 26 states and Puerto Rico geared to help communities hard hit by the economic crisis. These awards will support new economic recovery projects in some of our nation’s most vulnerable communities. more

June 26  ·  Industry News »

Harvard’s Joint Center Weighs in on State of the Nation’s Housing

Harvard’s Joint Center for Housing Studies released its 2009 “State of the Nation’s Housing” report. The report acknowledges the depressed state of the housing market despite “unprecedented” federal efforts to jumpstart the economy and help homeowners keep up with their mortgage payments, and reports that any recovery will likely be slow moving. more

 

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LATEST RESEARCH »

Toes in the Water

Nonprofit Community Development Real-Estate and Mortgage Brokerage Programs

By J. Michael Collins  ·  Posted on Nov 22

NHI’s latest research report identifies state regulatory obstacles and assesses the future of a new direction in promoting homeownership

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Operation Neighborhood Recovery

Urban Essex County, New Jersey, one of the hardest hit areas in the state by the ongoing foreclosure crisis, could be the laboratory for a reinvention of community development. A local CDC there has completed the successful acquisition, by way of an alliance of nonprofits, of 47 mortgages expected to foreclose with an eye toward stabilizing neighborhoods in some of the oldest suburban communities in New Jersey.