GROW South Dakota Receives NeighborWorks America Grants
Tuesday, April 02, 2019
GROW South Dakota, a member of the NeighborWorks network, is receiving $564,000 from the Neighborhood Reinvestment Corporation, dba NeighborWorks America. This grant will support its affordable housing and community development activities.
“We’re pleased to receive this funding from NeighborWorks America,” said GROW SD CEO Marcia Erickson. “NeighborWorks funds are critical to the success of the programs and services we provide. We’re able to use these funds to further our mission of building sustainable communities in South Dakota.” The grants will be used to support housing lending as well as organizational operations. In 2018, GROW SD helped nearly 500 people and families become homeowners through mortgage loans and down payment assistance. It also provided other housing-related support to another 1,000 South Dakotans. By leveraging its input in communities with private, public and philanthropic support, GROW SD produced a total investment of more than $125 million in the state.
NeighborWorks America is announcing $70 million in grants to its network of nearly 250 nonprofit organizations located around the country. NeighborWorks organizations will use the grants to develop and manage high-quality affordable housing, help consumers set and reach their goals through financial coaching, offer homeownership education and counseling, and revitalize and strengthen communities.
"NeighborWorks America is dedicated to securing that these grants create opportunities for people to improve their lives and strengthen their communities,” said NeighborWorks America President and CEO Marietta Rodriguez.
In fiscal year 2018, the NeighborWorks network provided 457,000 housing and counseling services; owned and managed 166,900 rental homes; and created more than 41,100 jobs.
For more information about NeighborWorks America, please visit their website at www.neighborworks.org.
For more information about GROW South Dakota’s housing and business development programs and services, please visit our website at www.growsd.org or call (605) 698-7654.
GROW SOUTH DAKOTA is an Equal Opportunity Lender, Provider, and Employer Complaints of discrimination should be sent to: USDA, Director, Office of Adjudication, 1400 Independence Ave SW, Washington DC 20250-9410.
Category: GROW SD