Community Concepts, Inc. Receives $70,500 Grant from NeighborWorks America

Lewiston, Maine  ―  Community Concepts, a member of the national NeighborWorks® network, announced that it received $70,500 in flexible grants from NeighborWorks® America, which will support Community Concepts affordable housing and community development activities in foreclosure and credit counseling, homebuyer education, residential and small business lending, and other community development activities at a time when communities need investment most.

 
This grant from NeighborWorks America will be used to strengthen our affiliate Community Concepts Finance Corporation who’s work includes foreclosure and credit counseling, homebuyer education, residential and small business lending,” said Michael Burke, President and CEO of Community Concepts.

 
In 2012, NeighborWorks America will provide nearly $50 million in grants to its national network of more than 230 nonprofit organizations operating in over 4,400 rural, urban, and suburban communities, including Androscoggin, Oxford and Franklin Counties in Maine. The grants will be used to revitalize and strengthen communities by providing counseling for homeowners on the brink of foreclosure; increasing the number of certified foreclosure and homeownership counselors through training; stabilizing areas hard-hit by the foreclosure and economic crisis by putting vacant properties back into productive use; empowering consumers through financial and homeownership education and counseling; creating homeownership opportunities for low- and moderate-income families; and producing and managing affordable, high-quality rental properties.

 
“In FY 2011 alone, NeighborWorks America and its affiliated NeighborWorks network leveraged nearly $4.2 billion in direct investment―a ratio of $25 for each core funding dollar appropriated, “ said Eileen Fitzgerald, NeighborWorks® America. “As good stewards of taxpayer dollars, NeighborWorks® ensures our investments are working in ways that truly make a difference.”

 
In 2011Community Concepts  weatherized 564 homes, repaired 171 homes, provided 214 energy audits, loaned over $800,000 to small businesses, managed 155 units of affordable housing, provided Home buyer education to 272 families and assisted 628 households in foreclosure counseling.
Community Concepts is a member of the NeighborWorks network, which was created by NeighborWorks America to improve homeownership opportunities for low- and moderate-income families, provide financial education and improve financial literacy, rebuild and repair properties; develop affordable multifamily units, and, use innovative strategies to improve safety and revitalize communities across the nation.  Collectively, NeighborWorks America and the NeighborWorks network have been able to:

  • Invest more than $4.0 billion in America’s urban, rural, and suburban communities in fiscal year 2011
  • Create the nation’s largest force of certified homeownership education counselors and foreclosure intervention counselors
  • Provide housing and financial counseling and other assistance to nearly 260,000 families
  • Develop, own and manage over 90,000 affordable, high quality rental units
  • Help more than 13,000 families achieve homeownership
  • Mobilize thousands of volunteers to revitalize communities

 

 

For more information about Community Concepts and Community Concepts Finance Corporation please visit our websites: www.community-concepts.org, www.mainebusinesslending.org & www.homequestmaine.org
For more information about NeighborWorks America, please contact Douglas Robinson, 202-220-2360, drobinson@nw.org