Neighborhood Housing Services of America-Comm. Dev. Fin. Inst. Fund

Oakland CA


Neighborhood Housing Services of America-Community Development Financial Institution (NHSA-CDFI) is a start-up organization. The applicant has a mission to, "Develop and enhance the social, economic and charitable welfare of underserved residents of inner city neighborhoods and rural communities across the country." NHSA"s primary activity is purchasing nonstandard loans from NeighborWorks organizations (NWO) and selling the notes to socially responsive institutional investors.

CDFI Awards for Neighborhood Housing Services of America-Comm. Dev. Fin. Inst. Fund


FA (2004) - $1,750,000

Founded in 2000, Neighborhood Housing Services of America (NHSA) will expand its existing product lines from funding affordable housing projects in urban communities to rural communities through its partnership with NeighborWorks organization with the $1,750,000 Financial Assistance award from the CDFI Fund. Building off of its success in funding 100% of its projects within hot zones, NHSA proposes to fund 66% of its activities in rural Hot Zones.



CORE (2001) - $1,000,000

The CDFI Fund"s $1,000,000 capital grant will significantly improve the applicant"s equity base and enable it to make low cost, higher risk loans.



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