Neighborhood Housing and Development Corporation

Gainesville FL


Neighborhood Housing & Development Corporation (NHDC) provides financing for homeownership and housing rehab and proving homebuyer counseling and related services in distressed neighborhoods in Gainesville and surrounding areas. It has had a 70% increase lending activity over the last three years, making 67 loans and counseling approximately 2000 families in 2000.

CDFI Awards for Neighborhood Housing and Development Corporation


CORE (2001) - $600,000

The CDFI Fund grant of $600,000 will enable NHDC to significantly increase the second mortgage and rehab loans it is able to provide in the communities it serves.



SECA (1998) - $42,500

The Fund"s $42,500 grant will help cover the costs of networking the organization"s computer system; training staff members in accounting, financial management, and underwriting; developing a lending strategy specifically tailored to Marion County needs; and devising a capitalization strategy for the organization.



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