About Neighborhood Housing Services of New York City
The mission of Neighborhood Housing Services of New York City's (NHSNYC) is to revitalize underserved neighborhoods by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance and community leadership. Working in partnership with government and business, we are led by local residents and guided by local needs. NHSNYC helps prevent the displacement of low-and-moderate income families from New York City by successfully implementing three core programs, as summarized below. Lending: As a federally-certified, Community Development Financial Institution, NHSNYC originates loans to help income-eligible families sustainably achieve homeownership or finance key home repair projects. We also provide low-to-moderate income families with forgivable loans for down-payment and closing cost assistance. Cooperative Housing Program: In 2015, NHSNYC began fulfilling a three-year, $3.3 million contract from the New York City Department of Housing Preservation and Development to provide 1,429 limited-equity housing cooperatives with technical assistance services. Homeownership and Foreclosure Prevention Counseling: As a HUD-approved housing counseling agency, we assist clients in creating a realistic budget that aligns monthly expenses with available income as well as recommend an affordable monthly housing cost. NHSNYC also helps clients reduce their annual housing cost by securing a mortgage modification or refinancing an existing mortgage at a lower interest rate. NHSNYC serves clients throughout New York City from our network of five offices, including two operated in partnership with two large labor union locals: District Council 37 and the Transport Workers Union, Local 100. Finally, NHSNYC is a chartered member of NeighborWorks America (NW) - a national network of more than 235 affordable housing and community development organizations.
- Housing and/or Financial Counseling
- Other Community and Economic Development
Debt & Equity Investing
- Consumer Mortgage Lending