Housing & Affordability

Housing: NHSSF Neighborhood Revitalization Initiative

Having a safe, decent and affordable place to live allows people to put down roots and communities to grow strong. It also gives homeowners the stability to keep their children in school, anticipate financial expenses and get to know their neighbors. Buying a home is one of life's biggest decisions and financial investments, and can be intimidating for anyone. Focusing on low to moderate income individuals, our Neighborhood Revitalization Initiative will provide education and assistance for homebuyers so they can confidently purchase homes that are affordable for the long term.

Who are you?

Neighborhood Housing Services of South Florida (NHSSF) is an affordable housing & community development nonprofit organization. Our mission is to collaborate with residents and stakeholders to stabilize neighborhoods and develop sustainable housing.

How does this project impact the issue you selected?

NHSSF understands that an educated consumer is the best prospect for homeownership. We have witnessed the positive effects & necessity of homebuyer education in producing stable homeowners. We ask you to support NHSSF’s Neighborhood Revitalization Initiative though our central program: the HomeOwnership Promotion Program. The program addresses a critical component of sustainable homeownership through homebuyer education, financial literacy, & one-on-one counseling.

What data points from The Our Miami Report does your project address?

Data: homeownership rates in Miami fell since 2011. 65% of households are cost-burdened. Renters spend 30%+ of income on housing. Households don’t have disposable income needed for food, health care, & transportation. Our Neighborhood Revitalization Initiative helps clients increase purchasing power by reducing debt, improving credit, & making sound financial decisions to build wealth through homeownership. Counselors educate clients on grants & programs that keep mortgage payments affordable.

Please give examples of your project's success.

Over 70% of our clients are low-moderate income individuals. In the past fiscal year, as part of our Neighborhood Revitalization Initiative, our HomeOwnership Promotion program has educated 1,400 households through our Homebuyer Education classes. We have eduacted 150 clients through our Financial Fitness classes. Additionally, we assisted 320 households in achieving homeownership. These households will have the opportunity to enjoy the stability & benefits that homeownership can produce.

Organization Name (or individuals name) Neighborhood Housing Services of South Florida

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Idea No. 39