When a for-sale sign goes up on a piece of undeveloped land in Austin, Texas, everyone looks – especially if it’s near jobs and schools. That includes for-profit developers, of course. And it includes Foundation Communities, a NeighborWorks nonprofit that is looking to build and grow its affordable multifamily apartment homes as the community struggles with ever-increasing rents. 

All over the country this month, NeighborWorks network organizations snipped ribbons to open completed projects and broke ground on new ones as NeighborWorks America and the network celebrated both NeighborWorks Week and National Homeownership Month.
NeighborWorks Laredo kicked off NeighborWorks Week with a groundbreaking ceremony for five new homes. In Boise, teams of volunteers once again painted the town, sprucing up 25 homes with a spotlight on homes owned by veterans. There’s a painting program in the Spenard neighborhood of Anchorage, Alaska, too – the same Neighborhood where NeighborWorks Alaska was created more than 40 years ago.

“Information is a competitive advantage.”  As she speaks these words, Mously Lo, program manager at Housing and Neighborhood Development Services, Inc. (HANDS), knows how important it is to get information into the hands of people who want to invest in their community. 

Lo leads the New Jersey organization’s economic empowerment programs, a suite of services designed to connect people with the tools, resources and information they need to succeed.  

NeighborWorks America Congressionally Funded Shared Equity Investments Help Double Permanent Affordable Housing Supply in Focused Markets

For Immediate Release

May 19, 2025

Contact: Douglas Robinson

[email protected]

 

NeighborWorks America Congressionally Funded Shared Equity Investments Help Double Permanent Affordable Housing Supply in Focused Markets

Eight Organizations Share $375,000 in Grants in Final Round