Aberdeen Neighborhood Housing Services

Programs: For housing rehabilitation and homeownership opportunities, neighborworks maintains revolving loan funds as well as lending partnerships which, together, makes a flexible loan program. Low, moderate and middle income (lmmi) homeowners within grays harbor county are able to borrow money through the multiple revolving loan funds in the loan program for purchase and/or rehabilitating their homes, while maintaining affordable housing costs and manageable debt ratios. Neighborworks loans can be in conjunction with local, commercial lenders who provide home purchase mortgages. Local bankers have such confidence in neighborworks that they regularly commit part of their loan portfolio to joint projects for home ownership. Neighborworks made and/or facilitated $ 6,487,454 in loans this fiscal year. With our housing counseling program, neighborworks is capable of helping clients with difficult credit histories and high debt ratios by using an intensive individualized approach. This year neighborworks assisted 206 homeowners and homebuyers with pre-purchase analysis as well as budget-money management. In addition, foreclosure prevention and pre-foreclosure sale counseling are provided. Neighborworks is a member of a collaboration of neighborworks organizations known as "homesage" which is dedicated to providing internet-based homebuyer education. This online education meets national industry standards for homeownership education and is offered statewide through ehome america. For safe & affordable rental housing opportunities, neighborworks owns and manages rental houses/duplexes, of which 16 units are section 8 project based-subsidy apartments; 2 units are leased to another nonprofit agency used as a shelter for homeless families with children; 3 duplexes and 12 houses are rented at market rate with section 8 vouchers accepted. One house is available on a lease with purchase option. Neighborworks also acts as management agent for a hud 811 project which provides homes to 8 developmentally disabled tenants.