 |
|
Congratulations to the winners of the 2008 Innovations in Homeownership
Contest!
Thanks to all organizations that submitted applications. The quality and commitment to preserving homeownership for families was evident in the entries received.
Review all the applications for 2008 and previous years. Our contest review tools make it easy to search by topic, location, or keywords.
The 2008 Winning Entries:
Innovative partnerships to sustain homeownership - 2008
NHS Mortgage Corp. “The Borrower’s Broker”
With the development of NHS Mortgage Corp. (NMC), a nonprofit mortgage brokerage, NHS has been able to strengthen and leverage our partnerships in order to bring about stability to today’s volatile market. As our neighborhoods face record foreclosure rates, NMC will help to stabilize these markets through enabling and preserving sustainable homeownership. View details
Runner-up: Affordable Plus Mortgage Program View details
Runner-up: It Takes a Creative Village To Keep a Family in Their Home View details
Runner-up: CFRC and the Los Angeles Teachers Mortgage Assistance Program View details
Innovative strategies to address REOs in the community - 2008
HOME Rochester
HOME Rochester is a collaborative treatment of foreclosed and vacant properties located in the City of Rochester. Through HOME Rochester, vacant properties are purchased and held by a non-profit corporation, renovated to a standard and high level of specification, and sold to first time low income buyers. Construction managers and sales agents are community based non-profits. Subsidy is used to make homes affordable. Buyers receive pre and post purchase counseling. View details
Runner-up: Operation Neighborhood Rescue View details
Innovative post-purchase strategies for consumers - 2008
Preserving Homeownership and Savings Education Strategy (PHASES)
Money Management International launched an innovative post-purchase strategy for consumers in 2007 that includes online education and grants up to $5,000 for qualifying homeowners. A generous $1,000,000 donation from the HSBC Finance Corporation provided the pool of $800,000 to help bring homeowners current on mortgages. Entitled Preserving Homeownership and Savings Education Strategy (PHASES), the program has helped over 1,400 households with education and has awarded grants totaling $438,238. View details
Runner-up: Web-Based Virtual Collaboration Environment for Post-Purchase View details
See past winners
|
|
|
Unless otherwise noted, all content © 2008 Neighborhood Reinvestment Corporation, dba NeighborWorks® America. All rights reserved.
Terms of Use |
Privacy Policy |
Support |
Contest Administration
1325 G St., NW, Suite 800, Washington, DC 20005-3100
Phone: (202) 220-2300 Fax: (202) 376-2600 |
|
|
 |
|
