Neighborhood Housing Services Silicon Valley

San Jose CA


Neighborhood Housing Services Silicon Valley (NHS SV) is a housing loan fund that uses creative multi-leveled financing to serve low-income homebuyers in the San Jose, California area, an area with extremely high housing costs. Was certified as a CDFI in January 2002.

CDFI Awards for Neighborhood Housing Services Silicon Valley


FA (2008) - $1,090,232

Neighborhood Housing Services Silicon Valley (NHS Silicon Valley) is a certified CDFI established in 2001 NHS Silicon Valley provides home mortgage products and services, including foreclosure prevention services, to low-income families and underserved minorities in Santa Clara and South Alameda Counties in Northern California NHS Silicon Valley will use a FY08 Financial Assistance award of $1,000,000 as lending capital and an FY08 Technical Assistance grant of $90,232 for: 1) personnel salary, 2) fringe benefits, 3) travel, 4) professional services, 5) materials, and 6) equipment, in order to expand its target market and open a satellite office in Monterey County



FA (2004) - $900,000

Neighborhood Housing Services Silicon Valley (NHS SV) will use the award in the following way: Approximately 40% of the $900,000 award will be targeted to Hot Zones, with 19% going to Hispanic and African American Target Populations and the remaining 40% to other low-income homeowners.



FA (2003) - $1,000,000

The Fund"s $1 million award will support NHS SV"s new product a fully amortized third mortgage. The new mortgage product will be used in combination with the deferred second mortgage to reduce the amount of deferred financing needed by each homebuyer and help most homebuyers avoid private mortgage insurance. Approximately 100% of this award will be targeted to Hot Zones.



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