Rochester area residents wanting to fulfill the American Dream of homeownership will be supported by a recent grant from Citizens Bank to NeighborWorks Rochester. The $5,000 grant will help provide tools and resources that allow homebuyers to become mortgage-ready through NeighborWorks Rochester’s homeownership education and counseling. Participants are provided with financial coaching, education in mortgage products, and guidance on available financial assistance and first-time homebuyer grants.
“Our goal is to prepare future homeowners for success – a key component of strengthening the Rochester area’s neighborhoods.” stated Joanne Panarisi-Bottone, NeighborWorks® Rochester’s Executive Director. “We provide the tools homebuyers need to prepare themselves and, as a member of the NeighborWorks America network, our approach is proven.”
NeighborWorks® Rochester is a HUD Housing Counseling Agency serving Rochester and the surrounding area. The non-profit organization also creates sustainable communities by providing lead paint inspections, home improvement loans and energy services programs that improve energy efficiency, real estate values and resident wellness.
NeighborWorks® Rochester is an affiliate of NeighborWorks® America, and a member of NeighborWorks Community Partners – a consolidation with NeighborWorks organizations in Buffalo and Niagara, formed to increase the number of prospective homebuyers that can be served throughout the Greater Rochester Area, and throughout Western NY.
NeighborWorks® Rochester is pleased to announce that they are the recipient of a $60,000 grant from JPMorgan Chase to support enhancement of technological systems for its Financial Fitness Program. The grant will allow NeighborWorks® Rochester to build capacity and efficiency through technology and will have a tremendous impact on the financial health of its customers. Individual successes through the NeighborWorks® Rochester Financial Fitness Program will increase with the organization’s ability to more effectively track, monitor and manage their progress. The JP Morgan Chase Foundation’s partnership in this initiative is instrumental to its success.
Maureen Murphy, Executive Director of NeighborWorks® Rochester stated, “Assisting those who strive to improve their lives by increasing their financial skills and providing education for successful homeownership is the core of the NeighborWorks® Rochester mission. We’re extremely pleased to partner with JPMorgan Chase with an innovative approach to provide those in need with tools and resources to make a better path for themselves. In turn, this will also help to build strong neighborhoods in the Rochester community by providing educated, financially-stable, long-term homeowners.”
The support of community partners like JPMorgan Chase allows NeighborWorks® Rochester to continue to provide these services and more. The community-based organization builds strong neighborhoods by educating and counseling new homeowners, providing resources to individuals who may be turned away by traditional lenders, energy-savings programs and targeted neighborhood revitalization through the Healthy Blocks Neighborhood Initiative.