Provides financial support, technical assistance, and training for community-based revitalization efforts
Nature of Program: The Neighborhood Reinvestment Corporation (NRC) seeks to promote reinvestment in urban, suburban and rural communities by local financial institutions working cooperatively with residents and local government. It funds 235 organizations, monitors their progress, and provides grants and consulting services.
Legal Authority: Title VI of the Housing and Community Development Amendments of 1978 Act (42 U.S.C. 8101 et seq.)
Information Sources: Neighborhood Reinvestment Corporation, dba NeighborWorks America, 999 North Capitol St, NE, Suite 900, Washington DC 20002-4684. On the Web
Current Status: Active.