Mobile Menu - OpenMobile Menu - Closed

ROSEN URGES HOUSE APPROPRIATORS TO SUPPORT NEIGHBORWORKS PROGRAM TO HELP ADDRESS NEVADA’S AFFORDABLE HOUSING CRISIS

March 28, 2018
Press Release

WASHINGTON, D.C. -- Congresswoman Jacky Rosen (NV-03) led a bipartisan letter with Republican Ryan Costello (R-PA) to the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Chairman Mario Díaz-Balart (R-FL) and Ranking Member David Price (D-NC) urging them to include robust funding in the Fiscal Year 2019 appropriations bill for the Neighborhood Reinvestment Corporation, better known as NeighborWorks America. The Trump Administration has proposed cutting this program in the FY19 budget.

 

“Nevada’s growing affordable housing crisis is taking a toll on hardworking families who are struggling to make ends meet,” said Rosen. “NeighborWorks has been successful in helping over 6,000 Nevada families in need of housing assistance, but there is more to be done.  I’m asking appropriators for additional funding so that we can increase grants that will help the 10,000 Nevadans on the waiting list for federal assistance with affordable housing."

 

BACKGROUND: NeighborWorks organizations offer a range of housing assistance based on individual community needs, from homeownership counseling and education and down payment assistance to affordable multifamily properties that are assets to the community. Out of the funding that Nevada H.A.N.D receives from NeighborWorks, one third of funding goes towards assisting residents of Nevada’s 3rd District. Rosen was joined by 73 bipartisan colleagues on this letter.

 

Read the text of the letter here and below.

 

LETTER TEXT

March 19, 2018

 

The Honorable Mario Diaz-Balart

Chairman

House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies

U.S. House of Representatives

Washington, D.C. 20515

 

The Honorable David Price

Ranking Member

House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies

U.S. House of Representatives

Washington, D.C. 20515

 

Dear Chairman Diaz-Balart and Ranking Member Price:

 

As the Transportation, Housing and Urban Development, and Related Agencies (THUD) Appropriations Subcommittee works on the Fiscal Year 2019 appropriations bill, we urge you to fund the Neighborhood Reinvestment Corporation at $150 million.

 

The Neighborhood Reinvestment Corporation, known as NeighborWorks America, is a congressionally chartered nonprofit that provides financial support, technical assistance, leadership development, and training for community-based development in the United States. NeighborWorks America partners with nearly 250 organizations focused on providing access to homeownership and to safe and affordable rental housing.

 

In Fiscal Year (FY) 2017, NeighborWorks America developed 15,200 affordable rental homes, repaired 71,300 homes, created more than 22,000 new homeowners, and assisted over 455,000 families with affordable housing and counseling. NeighborWorks has demonstrated the ability to attract private sector investments to its affordable housing projects, leveraging $59 of private dollars for every $1 of Neighborhood Reinvestment Corporation funding appropriated.  

 

Despite the continued need for affordable housing and NeighborWorks’ success at revitalizing communities, NeighborWorks is at risk of losing its funding. We urge you to fund the Neighborhood Reinvestment Corporation at $150 million for FY19, a $10 million increase from FY17 levels. With the additional funding, NeighborWorks will be able to increase grants to network organizations, enhancing their ability to serve their communities, leverage additional investments from other sources, and create opportunities for people to live in affordable homes.

 

Sincerely,

 

Jacky Rosen

 

###

 

 

Issues: