NEIGHBORHOOD HOUSING SERVICES OF GREEN BAY INC

REAL ESTATE MANAGEMENT: OBJECTIVES: NEIGHBORWORKS GREEN BAY ADDRESSES THE HOUSING NEEDS OF VERY LOW-INCOME HOUSEHOLDS AND SUPPORTS ITS CHARITABLE MISSION TO LOW-INCOME POPULATIONS THROUGH THE OPERATION OF RENTAL HOUSING. THE ORGANIZATION OWNED AND OPERATED 251 UNITS OF RENTAL HOUSING AT THE END OF 2024. MANY UNITS WERE RENOVATED USING FEDERAL GRANTS (INCLUDING HOME, CDBG, AND NSP) OR THROUGH THE LOW-INCOME HOUSING TAX CREDIT (92 OF THESE SUBSIDIZED UNITS HAVE ACTIVE RESTRICTIONS REQUIRING OCCUPANCY BY LOW-INCOME HOUSEHOLDS). 151 UNITS ARE COVERED BY A HOUSING CHOICE VOUCHER (SECTION 8) PROJECT-BASED CONTRACT FOR OCCUPANCY BY HOUSEHOLDS WITH INCOMES AT OUR BELOW 50% OR AREA MEDIAN INCOME (AMI). ACHIEVEMENTS: IN 2024 WE DID NOT PLACE ANY NEW RENTAL UNITS INTO SERVICE, BUT DID INVEST $342,330 OF OUR OWN FUNDS BACK INTO OUR OWNED RESIDENTIAL PROPERTIES TO IMPROVE BUILDING SYSTEMS AND MAKE SIGNIFICANT INTERIOR IMPROVEMENTS TO RESIDENTIAL UNITS. IN ADDITION TO THE IMPROVEMENTS NOTED ABOVE, WE STARTED AN EXPANSION OF A COMMERCIAL PROPERTY AT 1076 ST AGNES. THE PROPERTY IS RENTED BY THE COUNTY AND USED FOR SUPERVISED VISITS BETWEEN PARENTS AND CHILDREN IN THE FOSTER CARE PROGRAM. THE EXPANSION IS DESIGNED TO SERVE MORE FAMILIES AND IMPROVE THE EXPERIENCE FOR ALL INVOLVED IN THE PROGRAM. THE $956,000 PROJECT WAS STARTED IN 2024 AND IS EXPECTED TO BE COMPLETED IN 2025.VOLUNTEERS: TEN VOLUNTEERS FORM AN ASSET MANAGEMENT TEAM THAT EXAMINES THIS LINE OF BUSINESS AND DEVELOPS PLANS AND POLICIES. IN 2024, THESE VOLUNTEERS DRAWN FROM AMONG NEIGHBORHOOD RESIDENTS AND LOCAL BUSINESS PEOPLE PROVIDED APPROXIMATELY 86 HOURS OF SERVICE.

COUNSELING & LENDINGOBJECTIVES: NEIGHBORWORKS GREEN BAY IS A HUD-CERTIFIED HOUSING COUNSELING AGENCY AND ADOPTER OF THE NATIONAL INDUSTRY STANDARDS FOR HOMEBUYER EDUCATION AND COUNSELING. WE PROVIDE COMPREHENSIVE PRE- AND POST-PURCHASE EDUCATION AND COUNSELING, FORECLOSURE MITIGATION COUNSELING, HOME EQUITY CONVERSION MORTGAGE (HECM) COUNSELING, AND FINANCIAL CAPABILITIES TRAINING AND COUNSELING. WE ASSIST HOMEBUYERS BY PROVIDING NO-INTEREST, DEFERRED PAYMENT SECOND MORTGAGE LOANS.ACHIEVEMENTS: IN 2024, WE SERVED 613 CLIENTS WITH EDUCATION AND COUNSELING SERVICES. 319 PROSPECTIVE BUYERS COMPLETED OUR HOMEBUYER EDUCATION CLASSES AT EITHER ONE OF OUR 18 IN-PERSON ENGLISH OR SPANISH CLASSES OR ONLINE. 153 CLIENTS PURCHASED HOMES WITH OUR HELP. 68 CLIENTS RECEIVED POST-PURCHASE COUNSELING (FORECLOSURE MITIGATION AND REVERSE MORTGAGE). ALSO, WE ADMINISTER A HOME IMPROVEMENT LOAN PROGRAM IN THE CITY OF GREEN BAY TO COMPLETE NEEDED REPAIRS FOR LOW-INCOME HOMEOWNERS AND WE FUNDED 8 OF THESE LOANS FACILITATING $243,715 IN HOME REPAIRS. IN TOTAL, WE FACILITATED $41,007,812 OF COMMUNITY INVESTMENT THROUGH OUR CLIENT'S PURCHASE AND REPAIR OF THEIR HOMES.VOLUNTEERS: TWELVE VOLUNTEERS FORM A COUNSELING AND LENDING COMMITTEE THAT EXAMINES THIS LINE OF BUSINESS AND DEVELOPS PLANS AND POLICIES. IN 2024, THESE VOLUNTEERS (DRAWN FROM AMONG NEIGHBORHOOD RESIDENTS AND LOCAL BUSINESS PEOPLE) PROVIDED APPROXIMATELY 91 HOURS OF SERVICE.