Frontier Housing Awarded NeighborWorks® Membership
Northeastern Kentucky Will Receive National Affordable
Housing Boost - October 11, 2006
(Morehead, KY) – Today Frontier Housing celebrated its new membership
in the national NeighborWorks® network. This significant achievement,
which required Frontier Housing meeting high organizational health and
performance standards, enables the organization to gain access to a
powerful battery of training, research, technical assistance and funding
opportunities.
“Given the current budget straits and growing
community development needs of northeastern Kentucky, we are particularly
pleased and honored to be awarded membership into the NeighborWorks
network,” said Stacey Epperson, Executive Director of Frontier Housing.
“The powerful resources and access to best practices in affordable housing
across the nation will allow us to serve more citizens more efficiently.”
Frontier Housing has been providing affordable housing solutions that
build better communities since 1974. The nonprofit organization has built
over 800 homes in this time and completed more than 250 renovations for
low- to moderate-income families in Bath, Carter, Elliott, Fleming,
Magoffin, Menifee, Morgan, Rowan and Wolfe counties, and the city of
Ashland. Hundreds of local families have achieved the American Dream by
buying their first home with the help of Frontier Housing’s homeownership
education and counseling services, down payment assistance, full-service
mortgage lending, and new construction. The agency’s classes and
counseling have also helped existing homeowners reduce delinquent mortgage
payments and default rates, allowing many families in the region to remain
in their own homes.
 NeighborWorks
Eileen Fitzgerald congratulated
Frontier Housing for its high productivity and dedication to affordable
housing. “We are proud to have such a hardworking and effective
organization in our network,” Fitzgerald said.
Sparked by 1978 legislation, NeighborWorks America created the
NeighborWorks® network of community development nonprofits charged with
closing the homeownership gap among whites and non-whites; improving
financial literacy; empowering families to get the most out of the home
buying process; and using community development strategies to improve
safety and build wealth. As a result, the NeighborWorks® network of more
than 240 organizations has been able to:
- Invest $10 billion in America’s communities in the last five years
alone;
- Stem a rising tide of foreclosures in numerous communities;
- Help minority families achieve homeownership at four times the rate
of conventional lenders;
- Educate and counsel homeowners, reducing mortgage default rates by
30 percent;
- Create the nation’s largest force of certified homeownership
education counselors, educating more than 780,000 homebuyers;
- Forge private-sector partnerships that revitalize communities and
provide affordable rental housing and development loans; and
- Mobilize hundreds of thousands of volunteers to revitalize
neighborhoods.
For more information about Frontier Housing, contact Stacey Epperson,
784-2131,
Stacey@frontierhousing.org.
About Frontier Housing
Frontier Housing is a member of the nationwide NeighborWorks® network of
more than 240 community development organizations working in more than
4,400 urban, suburban and rural communities across America. These
organizations engage in revitalization strategies that strengthen
communities and transform lives. In the last five years alone,
NeighborWorks® organizations have generated more than $10 billion in
reinvestment and helped more than 780,000 families of modest means
purchase or improve their homes or secure safe, decent rental or mutual
housing.
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