Neighborhood Housing Services of Phoenix, Inc.

Phoenix AZ


Neighborhood Housing Services of Phoenix, a nonprofit loan fund, promotes homeownership in distressed neighborhoods of Phoenixa€™s central city. The organization makes first and second mortgages, operates down payment/closing cost assistance programs, and provides homebuyer education seminars.

CDFI Awards for Neighborhood Housing Services of Phoenix, Inc.


CORE (1998) - $1,150,000

The $1 million CDFI Fund loan will enable the awardee to capitalize the a€œPhoenix Family Housing Funda€, a second mortgage product which will leverage first mortgages from participating area banks. The $100,000 grant will help the awardee capitalize an operating and loan loss reserve. The $50,000 technical assistance grant will help the awardee address organizational capacity needs.



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