||A major contributor to this article appears to have a close connection with its subject. (December 2012)|
|Type||Nonprofit - Congressionally Chartered|
|Industry||Affordable Housing and Community Development|
|Headquarters||Washington, DC, USA|
Eileen Fitzgerald, Chief Executive Officer
Charles "Chuck" Wehrwein, Chief Operating Officer
Michael Forster, Chief Financial OfficerJeffrey T. Bryson, General Counsel/Secretary
Organizational Assesment Services
|Operating income||US $312,437,291 (FY 2010)|
|This article needs additional citations for verification. (June 2008)|
The Neighborhood Reinvestment Corporation, doing business as NeighborWorks America, is a congressionally chartered nonprofit organization that supports community development in the United States. The organization provides grants and technical assistance to 235 U.S. community development organizations.NeighborWorks America provides training for housing and community development professionals through its national training institutes. Since 2007, NeighborWorks America has administered the Congressionally created National Foreclosure Mitigation Counseling Program.
The NeighborWorks network comprises 235 community development organizations working in nearly 4358 urban, suburban and rural communities across the country.
The Neighborhood Reinvestment board of directors consists of the Assistant Secretary of Housing and Urban Development, a member of the Board of Governors of the Federal Reserve System,a member of the Chief Counsel Office of the Comptroller of the Currency, the Director of the Office of Thrift Supervision and a member of the Board of the National Credit Union Administration. The chairman of the board is Thomas J. Curry, Director of the Federal Deposit Insurance Corporation.
Early origins of the nonprofit NeighborWorks® America is traced to 1968, when Dorothy Mae Richardson, a Central North Side resident of Pittsburgh, started a campaign for better housing in her neighborhood. Dorothy Mae Richardson worked with city bankers and government officials to convince 16 financial institutions to give out conventional loans in the community. Her legacy was an organization named the Neighborhood Housing Services (NHS) of Pittsburgh. Eventually, Neighborhood Housing Services of Pittsburgh became the national model for community-based housing initiatives throughout the country. In 1970, the Federal Home Loan Bank Board,became involved with Neighborhood Housing Services (NHS) of Pittsburgh, and started expanding the program by training savings and loan officers for urban areas nationally.
In 1978, Congress chartered Neighborhood Reinvestment Corporation, with a mission to recreate Neighborhood Housing Services of Pittsburgh's housing program throughout the nation's cities.
In 1984 the first Neighborhood Housing Week (now called NeighborWorks Week) was congressionally established. President Ronald Reagan proclaimed a national observance.
During the 1980s the Ad Council worked with Neighborhood Reinvestment Corporation and created “NeighborWorks.”
Neighborhood Reinvestment Corporation began doing business as NeighborWorks America in 2005.
In June 2008, Neighborhood Housing Services of Pittsburgh re-launched as NeighborWorks® Western Pennsylvania, and became the first in a national affiliation of local organizations which form the national NeighborWorks® network.
From 2005 to 2010, the NeighborWorks organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families purchase or improve their homes or secure safe, decent rental or mutual housing.
In June 2011 the U.S. Department of Housing and Urban Development in partnership with NeighborWorks America, launched the Emergency Homeowners' Loan Program to assist homeowners across the country at risk of foreclosure.
In honor of its namesake, NeighborWorks America nationally offers the Dorothy Richardson Award for Resident Leadership.
Dorothy Richardson continued to live in Pittsburgh, Pennsylvania as an active community member and supervisor of the Pittsburgh Housing Clinic, until her death on April 28, 1991 at Allegheny General Hospital. She lived to 68.
She graduated from Allegheny High in 1940.
Leaders in NeighborWorks History
- Bill Whiteside, First Executive Director of Neighborhood Reinvestment Corporation from 1978 to 1990
- George Knight, Executive Director from 1990 to 2000, Inducted into the Affordable Housing Hall of Fame
- Ellen Lazar, Executive Director from 2000 to 2003
- Kenneth Wade, CEO from 2004 to 2011
- Eileen Fitzgerald, Present day CEO
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