NeighborWorks America

SRM Announces Former NCUA Chairman Rodney Hood to Join International Advisory Board

Retrieved on:

Monday, March 4, 2024

Thought Leadership, Payments, Finance, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Hood, National Credit Union Administration, Access, Pleasure, NeighborWorks America, NCUA, Vice, Management

SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions globally, announced that former National Credit Union Administration (NCUA) Chairman Rodney E. Hood is joining the company's diverse and growing international advisory board.

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SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions globally, announced that former National Credit Union Administration (NCUA) Chairman Rodney E. Hood is joining the company's diverse and growing international advisory board.
Hood, a well-known regulatory leader and a staunch advocate for economic empowerment and financial inclusion, brings over three decades of financial services expertise to his SRM board role.
"I've had the pleasure of knowing Rodney Hood for many years and couldn't be happier and more honored to have him join the International Advisory Board at SRM," said Brad Downs, SRM's Chief Executive Officer.
In 2019, he became the Eleventh Board Chairman of the NCUA, becoming the first Black American to lead a regulatory agency in banking and finance.

Former NCUA Chairman Rodney E. Hood Joins Zest AI's Board of Directors

Retrieved on:

Wednesday, February 14, 2024

Hood, Woman, ACCESS, Access, Fintech, NeighborWorks America, Upfront Ventures, Matrix Partners, COVID-19, Insight Partners, NCUA, Black, Vice, National Credit Union Administration, AAPI, Humanity, JPMorgan Chase, Education, Management

LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Zest AI, the leader in AI lending technology, is honored to welcome the former National Credit Union Administration Board (NCUA) Chairman, Rodney E. Hood, to its Board of Directors. A longtime champion of economic empowerment and financial inclusion, Hood brings 30 years of both public and private financial services experience to the now five-person board, which also includes Upfront Ventures Partner Aditi Maliwal, Matrix Partners General Partner Dana Stalder, and Insight Partners Managing Director Jon Rosenbaum.

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LOS ANGELES, Feb. 14, 2024 /PRNewswire/ -- Zest AI , the leader in AI lending technology, is honored to welcome the former National Credit Union Administration Board (NCUA) Chairman, Rodney E. Hood, to its Board of Directors.
"It's a privilege to welcome Rodney to our Board of Directors," said Zest AI CEO Mike de Vere.
From his commitment to ensuring an equitable credit system to his fearless and forward-thinking mindset, Rodney embraces AI technology for good.
In 2019, he was nominated to serve again, this time as NCUA Board Chairman, making Hood the first Black American to lead a banking regulatory agency.

Survey: Nearly 3/4 of baby boomers use no homebuying resources

Retrieved on:

Tuesday, January 30, 2024

NeighborWorks America, Metro, Rehabilitation, New Directions, Generation X, Generation Z, Housing, Safety, Counselor, Trellis, Generation, Insurance

WASHINGTON, Jan. 30, 2024 /PRNewswire/ -- Homeownership feels out of reach for a majority of long-term renters, and especially so for baby boomers. But nearly 3/4 of baby boomers (72%) use no resources designed to help people become homeowners — significantly more than any other generation, according to a new survey from NeighborWorks America.

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WASHINGTON, Jan. 30, 2024 /PRNewswire/ -- Homeownership feels out of reach for a majority of long-term renters , and especially so for baby boomers.
But nearly 3/4 of baby boomers (72%) use no resources designed to help people become homeowners — significantly more than any other generation, according to a new survey from NeighborWorks America .
A majority (51%) of baby boomers who are long-term renters strongly agree that homeownership isn't attainable for them, compared to 45% of both Generation X and millenials.
NeighborWorks' survey spotlights a need for homebuying resources to help renters see that homeownership is still possible.

Survey: Social isolation critically impacts people living in urban areas, lower-income Americans, and Black and Hispanic communities

Retrieved on:

Monday, December 4, 2023

World Health Organization, NeighborWorks America, Employment, Organization, WHO, Community Building, Social isolation, Food, Enterprise Community Partners, Friends, COVID-19, Community, Education, Family, Loneliness, Transport, Tourism

WASHINGTON, Dec. 4, 2023 /PRNewswire/ -- While most Americans feel a sense of community through their family, friends, neighbors or educational institutions, the impacts of social isolation are particularly felt among historically marginalized groups, including lower-income Americans and Black and Hispanic communities, and those living in urban areas, according to a new survey from NeighborWorks America.

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But the impacts of social isolation haven't affected people equally.
"Investment in comprehensive community development is critical right now to help communities become more resilient in the future , particularly for historically marginalized groups who've faced systemic challenges that remain today."
In fiscal year 2022, 93 network organizations (38%) had services designed to promote community ties, either with support to reduce social isolation or with assistance integrating into the community.
These services create opportunities to build relationships with each other around healthy activities and supporting their well-being.

Community Housing Capital to be Featured on Docuseries for its Work Financing $1.12 Billion in Affordable Housing Projects

Retrieved on:

Thursday, November 16, 2023

Urban Institute, The Urban Institute, NeighborWorks America, Miami metropolitan area, Hope, Insurance, NUD, AMI, Interview, Housing, Joseph, National Urban League, Environment, CHC, Bank, Drug, Renewable energy, Chestnut

DECATUR, Ga., Nov. 16, 2023 /PRNewswire-PRWeb/ -- Community Housing Capital (CHC) will be featured on the docuseries "Viewpoint with Dennis Quaid" for the work it has done to finance affordable housing projects across the country. Over the past twenty-three years, CHC has issued loans totaling $1.12 billion to community and real estate developers across the country, helping unlock $3.38 billion in total development costs. CHC has enabled the creation or preservation of over 22,769 units for individuals and their families.

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"I saw firsthand the institutional racism that people of color have faced trying to get fair access to capital," said Dana Chestnut, Community Housing Capital.
"Affordable housing is clearly a critical issue across the US," stated a senior representative of Viewpoint.
"Our hope is that our work with Community Housing Capital can help us achieve our goals of informing the public on this critical sector."
Specifically, the increases in cost of capital, construction costs, land, and insurance have added tremendous pressure on the delivery of much-needed affordable housing.

$400,000 Investment by KeyBank to Help NeighborWorks Western Pennsylvania Expand Efforts to Increase Equity in Homeownership in the Region

Retrieved on:

Tuesday, October 31, 2023

KeyBank, Small business, Investment, Education, Housing, NeighborWorks America, Partnership, Drug, Real estate

PITTSBURGH, Oct. 31, 2023 /PRNewswire/ -- KeyBank is investing $400,000 in NeighborWorks Western Pennsylvania to help increase financial stability and homeownership throughout the region with a focus on Black individuals and families who have historically had inequitable access to homeownership. This grant is part of KeyBank's commitment to invest $40 billion in the communities it serves.

Key Points:

PITTSBURGH, Oct. 31, 2023 /PRNewswire/ -- KeyBank is investing $400,000 in NeighborWorks Western Pennsylvania to help increase financial stability and homeownership throughout the region with a focus on Black individuals and families who have historically had inequitable access to homeownership.
Accessibility to homeownership is a crucial element of thriving communities," said Victor Laurenza, KeyBank Western Pennsylvania Market President.
"We are excited to partner with and support NeighborWorks Western Pennsylvania in their mission of promoting stable, vibrant communities by providing equitable and comprehensive homeownership services."
KeyBank's investment shows a commitment to closing the staggering racial wealth gap in Western Pennsylvania," said Colin Kelley, CEO of NeighborWorks Western Pennsylvania.

Survey: Stronger leadership, resident voices severely missing in affordable housing conversations

Retrieved on:

Tuesday, October 24, 2023

Policy, CLI, Housing, NeighborWorks America, Government, Human, Community, Movement, Management

WASHINGTON, Oct. 24, 2023 /PRNewswire/ -- A majority of Americans are concerned about a lack of affordable housing in their communities, but few agree there is strong or sufficient leadership speaking on behalf of affordable housing or that resident voices are being heard, according to a new survey from NeighborWorks America.

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According to the survey, 74% of Americans said they are concerned about the lack of affordable housing in their community, however, only 1 in 4 feel their voice is being heard on the issue (26%).
"At a time when affordable housing is not just a policy challenge but a moral imperative, it is critical that community leaders and residents unite with a resounding, collective voice in support for affordable housing," said NeighborWorks America's President & CEO Marietta Rodriguez.
"Residents particularly play a pivotal role in being heard because of their intimate understanding of the housing needs in their neighborhoods.
Dorothy Richardson was a groundbreaker in the movement for community-driven affordable housing and the leading force behind the creation of the agency that is NeighborWorks today.

Fifth Third Bank Certifies 25 Graduates of its Empowering Community Leaders Program

Retrieved on:

Tuesday, September 5, 2023

Fifth Third congratulates the 25 community leaders who have completed the Bank’s 18-month Empowering Community Leaders career development growth program.

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Fifth Third congratulates the 25 community leaders who have completed the Bank’s 18-month Empowering Community Leaders career development growth program.
View the full release here: https://www.businesswire.com/news/home/20230905801694/en/
The inaugural class of 25 nonprofit leaders graduated from Fifth Third Bank's Empowering Community Leaders program.
The 25 graduates are pictured with Fifth Third's Aleta Young, Kala Gibson, Jada Grandy Mock and Katrina Lunsford, pictured from left to right, in the first row.
She said, “Fifth Third presented me with such an awesome opportunity to better equip myself to serve my community.

Navigating disaster response: Symposium on climate resilience highlights advancing equity for people of color

Retrieved on:

Wednesday, August 16, 2023

State, NOAH, Housing, Training, Health, Tuvalu Atoll Science Technology Training Institute, Climate change, Sustainability, Elevate, Neighbourhood, Policy, National Initiative on Climate Resilient Agriculture, Management, Renewable energy, Interior design, NeighborWorks America

Chicago, IL, Aug. 16, 2023 (GLOBE NEWSWIRE) -- An Aug. 23 symposium in downtown Chicago will present solutions to build climate-resilient communities.

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Chicago, IL, Aug. 16, 2023 (GLOBE NEWSWIRE) -- An Aug. 23 symposium in downtown Chicago will present solutions to build climate-resilient communities.
“Climate Resilience: Fostering Wealth, Health and Sustainability in Communities of Color” is the third in a year-long series on advancing equity for people of color.
BlocPower previously was named to the second annual TIME100 Most Influential Companies list, which highlights companies that make an extraordinary impact around the world.
“More than 80 courses will equip housing and community development professionals with the skills and knowledge to transform people’s lives.”
Several courses during the Training Institute continue the theme of climate resilience and intentionally serving people of color, such as:

Federal Home Loan Bank Des Moines awards nearly $15 million to support community development through the Member Impact Fund

Retrieved on:

Wednesday, June 7, 2023

NeighborWorks America, Housing, FHLB, Capitol Hill, Saipan, Boys & Girls Club, Strategic planning, Federal Home Loan Banks, Organization, Economic development, Humanity, Government, Commonwealth, American Samoa

DES MOINES, Iowa, June 07, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank Des Moines (FHLB Des Moines) joined efforts with 85 members to provide nearly $15 million to hundreds of non-profit or government agencies.

Key Points:

DES MOINES, Iowa, June 07, 2023 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank Des Moines (FHLB Des Moines) joined efforts with 85 members to provide nearly $15 million to hundreds of non-profit or government agencies.
This new member-matching grant program is designed to offer eligible organizations critical financial support for affordable housing and community development initiatives in targeted areas of the FHLB Des Moines’ district.
The four states and three territories selected for the Member Impact Fund is a purposeful effort to support affordable housing and community development needs within these areas of the FHLB Des Moines district.
The Member Impact Fund is part of FHLB Des Moines’ ongoing mission to offer a variety of funding through its members to support community development needs throughout its geographic district.