DHIC Receives Grant to Support Affordable Housing

Raleigh, NC— DHIC, Inc., a network member of NeighborWorks® America, was just awarded a FY17 flexible grant of $436,500 from the Neighborhood Reinvestment Corporation, dba NeighborWorks America.  This grant funding (appropriated through Public Law 115-31 – the Consolidated Appropriations Act, 2017) will support affordable housing development and HUD-approved homebuyer counseling programs.

“We are honored to receive this generous award at a critical time when housing affordability is getting out of reach for some many deserving seniors and working families,” said Gregg Warren, DHIC’s President.  “We will invest these funds in new seniors and multi-family apartment homes throughout the Triangle and in our high-demand homebuyer counseling programs, helping to strengthen opportunities and financial stability for the area’s most vulnerable residents.”

Based in Raleigh, DHIC, Inc. has built or rehabilitated more than 2,300 apartments and 400 homes for sale in the greater Research Triangle area, and provides education and counseling to more than 400 first-time homebuyers annually.

“I am pleased that DHIC has received this grant, which will help support their vital housing and community development programs,” said U.S. Congressman David Price (D-NC).  “Housing is truly a foundational issue, and all Americans deserve a safe, affordable place to live.  I will continue fighting as Ranking Member of the Transportation, Housing and Urban Development Appropriations Subcommittee to prevent shortsighted cuts to these invaluable programs.”

NeighborWorks America is announcing more than $68 million in grants to its network of more than 240 nonprofit organizations located around the country. NeighborWorks organizations will use the grants to develop and manage high-quality affordable housing; make loans to homeowners and small businesses; offer financial coaching, homeownership education and counseling; and revitalize and strengthen communities.

“We’re committed to being good stewards of taxpayer dollars, and NeighborWorks ensures our investments are working in ways that transform lives,” said Paul Weech, NeighborWorks America President and Chief Executive Officer.

In fiscal year 2016, the NeighborWorks network assisted 360,000 individuals and families with affordable housing, owned and managed 154,100 rental homes, counseled and educated 115,000 customers, and created more than 53,600 jobs.

NeighborWorks® America is also the nation’s leading trainer of community development and affordable housing professionals.  Last, year we awarded more than 20,000 training certificates to professionals from close to 3,000 organizations and municipalities at four NeighborWorks® Training Institutes, through e-learning, and place-based training.  For more information about NeighborWorks^® America, see www.neighborworks.org.