Our Mission & Vision
Neighborhood Housing Services of New York City (NHSNYC), through financial empowerment and affordable lending, enables individuals and families to invest in, preserve, and improve their neighborhoods, their homes, and their future. Working in partnership with the private sector, government agencies, and local residents and businesses, we offer a wide range of services based on the needs of each individual community we serve, including financial and homeownership education, loan origination, and mortgage facilitation to support the attainment and sustainability of homeownership for underserved New Yorkers. Our ultimate goal is to support the realization of the best quality of life possible for each New Yorker, starting with a stable home.
Our History & Impact
NHSNYC was incorporated in 1982 to provide educational and financial support for the promotion and preservation of affordable and equitable homeownership in NYC. Our first program offered low-interest loans to homeowners in underserved low- and moderate-income communities which helped address widespread redlining at the time. Over the past 35+ years, NHSNYC’s commitment to our communities has resulted in:
- 180,000 individuals and families educated on how to successfully achieve homeownership and equally important, on how to prevent foreclosure;
- $1.65 billion in affordable mortgage financing facilitated, resulting in 7,400 first-time homeowners;
- 4,965 rehabilitation loans originated for a total of $109,308,733 resulting in clients maintaining homeownership;
- 1,129 emergency loans originated for issues such as water main breaks, roof leaks and broken stoops (since 1991).
We are a federally certified Community Development Financial Institution, a housing counseling agency certified by the U.S. Department of Housing & Urban Development, and a chartered member of NeighborWorks America. Today with a citywide network of partners in the private, public, and civic sectors, NHSNYC serves approximately 6,000 underserved but deserving NYC low- to moderate-income individuals and families annually—66% of whom earn less than 80% of Area Median Income and 95% of whom are of minority status.
Homeownership has had a transformational impact on New Yorkers and our neighborhoods but is an increasingly unattainable goal. Working with NHSNYC, low- and moderate-income residents have the best opportunity to build equity and savings and attain a better quality of life in NYC.
To view NHSNYC’s annual reports and financials, please visit our Guidestar profile.