For Immediate Release
October 4, 2016 Media Contact: Victor Ramirez
NEIGHBORHOOD PARTNERSHIP HOUSING SERVICES RECEIVES $10,000 GRANT FROM BANK OF AMERICA TO SUPPORT HOMEOWNERSHIP PROGRAM FOR INLAND EMPIRE FAMILIES
RANCHO CUCAMONGA, CA – Neighborhood Partnership Housing Services, Inc. (NPHS) is the proud recipient of a $10,000 community development grant funded by Bank of America. The grant will help support the REAL Hope for Homeownership Program. REAL Hope is broken down into four different areas of impact: Redevelopment, Education, Affordable Homeownership and Lending. These programs are focused on providing a holistic approach to creating healthy and sustainable homeownership opportunities for low-to-moderate income families in the Inland Empire.
“NPHS has been a strong partner of Bank of America over the past years, and this recent community development grant will allow us to continue revitalizing neighborhoods,” said Clemente A. Mojica, President and CEO of NPHS. “The overall goal of REAL Hope is to prevent blight, promote sustainable homeownership, and serve as a catalyst to attract new private sector investments into neighborhoods of opportunity.”
REAL Hope utilizes four core strategies for stabilizing communities: Community Wealth Building, Homeownership Finance, Redevelopment and Realty. As a result of these strategies, the following outcome goals are anticipated to assist working families achieve their goal of homeownership: acquire, rehabilitate and resell distressed properties, provide financial education and counseling, create affordable homeownership opportunities for first-time homebuyers, provide down-payment and closing cost assistance loans, and prevent foreclosures.
“Many underserved communities in the Inland Empire continue to struggle with access to stable, affordable housing,” said Al Arguello, Inland Empire market president, Bank of America. “By working with Neighborhood Partnership Housing Services, we can support low-and moderate-income families better position themselves to achieve financial stability while strengthening our community.”
NPHS has provided community and economic development services to the residents of the Inland Valley since 1991. NPHS has grown from a small grassroots organization into a multifaceted organization serving the three Southern California counties of San Bernardino, Riverside and Los Angeles. NPHS is a NeighborWorks America Chartered member; a HUD approved counseling agency; a Federal and State Certified CDFI; and a State Certified Community Housing Development Organization.