Neighborhood Housing Services of Minneapolis, Inc. is a non-profit agency, incorporated as Northside Neighborhood Housing Services, Inc. in October of 1980. Initially targeting reinvestment to certain North Minneapolis neighborhoods, NHS of Minneapolis has expanded numerous times over its history. In 2003, at the request of neighborhood groups, private partners, and public partners, NHS implemented a major expansion to target specific South Minneapolis neighborhoods for targeted initiatives, and expanded citywide for other services. This expansion prompted the name change to Neighborhood Housing Services of Minneapolis.
With “redevelopment through lending” as our major stabilization strategy for neighborhoods experiencing decline, NHS of Minneapolis has promoted over $249 million dollars of reinvestment. This is made possible by our ability to leverage local investments and contributions with national resources.
NHS IN MINNEAPOLIS IS FIRST TO CLOSE ALL NEIGHBORHOODLIFT LOANS
Neighborhood Housing Services of Minneapolis (NHS) is the first NeighborhoodLIFT market in the country to close all NeighborhoodLIFT down payment assistance loans in a collaborative effort by Wells Fargo Bank, Wells Fargo Foundation, and NeighborWorks America, in partnership with NHS in Minneapolis and Community NHS of St. Paul.
Within a year of opening Wells Fargo’s NeighborhoodLIFT down payment assistance program in Minneapolis and St. Paul, NHS has successfully closed 422 loans. LIFT is a program offering $15,000 to be used for a down payment for first-time homebuyers in 20 cities in the United States. Almost a thousand people gathered at the Minneapolis Convention Center on September 7 & 8, 2012 to learn about the program. Many came with materials prepared to start their application right away. The Twin Cities was the 10th area chosen by Wells Fargo to distribute NeighborhoodLIFT funds, and was the first to fulfill the program.
Glennis TerWisscha, Executive Director of NHS, was proud to be a part of the success. “We closed 422 loans faster than expected, making homeownership a reality for many who thought it wasn’t possible,” said TerWisscha, “there was a great interest in the LIFT program in the Twin Cities, and we are proud to be the first in the country to close all of our loans.”
In addition to providing down payment assistance, NHS works to promote and preserve affordable and sustainable housing in the city of Minneapolis. They do this through pre-purchase counseling, home improvement lending, post-purchase training, and home maintenance workshops. NHS has worked in Minneapolis for over 30 years to help potential homebuyers achieve their dream.
Angelique Kingsbury-Sande, a client of NHS, invites people to take the first step to achieving this dream. “The thing I like about NHS is it feels like one big family,” Kingsbury-Sande said. “It is not intimidating to come through the door and ask for help. You feel very welcome by the staff.”
Lynnala’s Homeownership Success Story
It took Lynnaia several years to realize her dream of homeownership. She is now enjoying her beautiful, safe new (to her) home thanks to the knowledge and help she received from taking the Home Stretch workshop and her Homeownership Adviser. This video was shot by the people at the Minnesota Home Ownership Center