TRIP receives NeighborWorks grant funding

CAPITALREGION, N.Y. » U.S. Senate Minority Leader Chuck Schumer and U.S. Sen. Kirsten Gillibrand announced $3,235,000 in federal funding for Upstate New York community development organizations in the national NeighborWorks America network.

A list of organizations awarded the FY20 funding for upstate New York can be found below listed by region:

Capital Region

Troy Rehabilitation & Improvement Program, Inc. Rensselaer

$173,500 NeighborWorks America is a public nonprofit organization that provides grants and technical assistance to community development organizations supporting affordable housing initiatives, neighborhood revitalization projects, small business lending, and more.

“Providing quality, affordable housing and creating healthy communities is essential for the success of each and every New Yorker,” Schumer said in a news release.

“I’m proud we secured this $3.2 million grant that will go directly to communities and organizations throughout the state to provide safer, more reliable, and more affordable housing for upstate New Yorkers. I will always fight to ensure that New York families and children have the safest and best housing options available,” Schumer added.

“Everyone deserves to have a safe place to live,” Gillibrand said in the release.

“These federal funds will support organizations throughout Upstate New York that are working to revitalize and improve their communities and help provide affordable housing options for New York families. Access to safe and reliable housing is essential to the health of our communities, and I will always fight to ensure New Yorkers have the resources they need,” Gillibrand added.

NeighborWorks America was established by Congress in 1978 and includes a network of more than 250 organizations nationwide.

This funding will be used to

support investments in community development and lending, including: the development of multi-family rental, single-family rental, for-sale housing, pre- and post-development activities; lending to support residential mortgages, down-payment assistance, and commercial small business lending. NeighborWorks collaborates with a wide range of community stakeholders to support local solutions to community development and affordable housing problems.

NeighborWorks grants are often used as a “first in” or “last in” source of investment, allowing organizations to leverage the grants for additional funding.