Grant will help prevent foreclosures

Neighborhood Housing Partnership of Greater Springfield received a $111,500 grant last week from the NeighborWorks America program, which will be used to promote affordable housing and help families avoid foreclosure in Clark County.

The agency received approximately $95,000 last year, so last week’s grant is a large increase, according to NHP executive director Tina Koumoutsos.

“Annually, we can apply for this funding, but it’s never a guarantee, it’s never a promise,” Koumoutsos said. “It’s based on your performance and your plan for the next year, so we’re pleased.”

NHP has an approximately $700,000 operating budget, making the new money vital, Komoutsos said. The organization also receives funding from the U.S. Department of Housing and Urban Development, Community Development Block Grant funds and private foundations. NHP also serves as the city’s community housing development organization.

The money will be used to continue its programs, Koumoutsos said, which includes homebuyer prevention, credit counseling and an emergency home repair program, among others.

“It goes across the board,” Komoutsos said. “It’s critical.”

NHP is one of eight grant recipients in Ohio, totaling approximately $1.9 million.

“Ohio is on the front line of the foreclosure crisis,” said Sen. Sherrod Brown (D-Youngstown) in a press release. “Foreclosures hurt the credit of American families, depress local property values and weaken communities. These funds will help families stay in their homes and prevent further damage to Clark County neighborhoods.”

NeighborWorks America is a federal partnership between community, public and private stakeholders, which helps families avoid foreclosure.

NHP contributed approximately $43 million to the local economy over the last five years, according to study released last year. The organization also generated approximately $5 million in tax revenue during that period, sustaining 74 jobs each year and $12 million worth of income for local employees, according to the study.

The agency also serves as a full-cycle lender, meaning it can provide more support services than traditional lenders.

NHP offers services to a six-county region covering Clark, Champaign, Greene, Logan, Auglaize and Putnam counties.

Reader Comments ...

Next Up in News

Couple arrested, accused of letting 9-year-old smoke marijuana, making him shoplift 
Couple arrested, accused of letting 9-year-old smoke marijuana, making him shoplift 

A couple in Rogers County is has been arrested Wednesday after being accused of allowing their 9-year-old son to smoke pot and making him shoplift. According to an affidavit, Kimberly Broyles, 45, and Michael Whitaker, 40, allowed their son to smoke marijuana in their presence.  The affidavit was prompted by a child abuse complaint from a self-proclaimed...
Tensing decision will be a challenge for community, experts say

Two area experts agreed with the decision by Hamilton County Prosecutor Joe Deters this week to not pursue a new trial against former University of Cincinnati officer Ray Tensing. Deters said it was his decision alone not to try Tensing again after two hung juries on murder and voluntary manslaughter charges for killing black motorist Sam Dubose, 43...
Cat weighing over 30 pounds big hit at North Carolina animal shelter
Cat weighing over 30 pounds big hit at North Carolina animal shelter

A fat cat is living the sweet life at the Chatham County Animal Shelter in Pittsboro, North Carolina, and getting attention from the public because of his size. The stray weighs 31.4 pounds and is too large to fit in a kennel like other cats at the shelter, so he received special accommodations from the staff. “He loves sleeping in our cabinet...
Rodents fell from ceiling of Dallas Chipotle, customers say
Rodents fell from ceiling of Dallas Chipotle, customers say

Chipotle faced a public relations meltdown early this week when customers fell ill after eating at a location in Sterling, Virginia. In what is only the latest in a string of incidents, Chipotle was forced to close that branch. The grills in Sterling were barely cold, when a Chipotle in Dallas caught public attention when a video surfaced of rodents...
Springfield fire cadets train in the hot seat
Springfield fire cadets train in the hot seat

With humid air and temperatures soaring into the 90s, it’s even more important to stay hydrated. That especially goes for firefighters who battle scorching blazes while wearing heavy protective suits, helmets and more than 50 pounds of gear on the job. The Springfield Fire Rescue Division’s latest class of cadets is finding this out firsthand...
More Stories