Building Community: 2022 Year in Review

Dear NHSNYC Friends and Supporters,

As our 40th Anniversary year comes to a close, I wanted to thank each and every one of you for your engagement with us this past year. Friends, donors, and clients alike, whether you attended an event or training, participated in a counseling session, or contributed to our 40th Anniversary Gala, $40 for 40 Years drive, or #GivingTuesday campaign, we thank you sincerely for being an active member of our shared community.

The year 2022 was not without its challenges. As we emerge from the tumultuous times of the pandemic, we collectively grapple with inflation, rising interest rates, and a dwindling supply of affordable housing options. We know these challenges are felt most acutely by the clients NHSNYC serves: New York City’s low- and moderate-income families.

Despite these pressing challenges, there is hope. Our doors remain open, and our team is poised to help. NHSNYC has programs and services in place to support individuals and families seeking to attain, maintain, and sustain their most important financial asset: their homes. Clients continue to participate in our first-time homebuyer orientations and training and go on to work with our counselors to set and achieve financial goals. Our Lending Services team has expanded its capacity to reach more New Yorkers needing affordable rehabilitation loans and debt consolidation assistance to access funding necessary to make critical home repairs.

NHSNYC has also joined the WORTH Collaborative alongside our community partners LISC NY and CNYCN (The Center for NYC Neighborhoods), with funding generously provided by Wells Fargo. The Wealth Opportunities Restored Through Homeownership grant is a national initiative to specifically and intentionally help 5,000 families of color to become first-time homeowners across the country by the year 2025 (New York City is one of eight markets across the US). Together, LISC NY, CNYCN, and NHSNYC will implement a multi-tiered plan to expand housing inventory and increase access for the city’s families of color. We are grateful for this opportunity to affect positive change and to address New York City’s drastic homeownership gap directly.

Throughout its 40-year history, NHSNYC has withstood the test of time and continues to serve as a resource for New York City’s low- to moderate-income residents today. I am hopeful and optimistic that despite today’s challenging environment, we will continue to advance our mission and vision of helping New Yorkers attain the best quality of life possible, beginning with a stable home.

On behalf of our dedicated Staff, I thank you sincerely for your commitment to our work. We could not do this for forty years without the support and partnership of individuals like you.

Wishing you and yours a very happy, healthy, and safe holiday season and New Year.

In partnership,

Derrick Griggs

Chief Executive Officer
Neighborhood Housing Services of New York City, Inc.

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