Freddie Expands Housing Partnership

To expand on its 10-year affordable housing partnership with the Neighborhood Reinvestment Corp. of Atlanta, Freddie Mac is offering a new five-year, $2 million grant, part of which will be used by the NRC Training Institute to research housing issues.During its first decade, the alliance's NeighborWorks Campaign for Home Ownership program has helped over 67,000 low- to moderate-income families become homeowners. The grant will be used to build new NeighborWorks branches, expand services offered by existing centers across the country, and to help more Section 8 renters qualify for the HUD Housing Choice Voucher program. Finally, Freddie will be a lead sponsor of the quarterly symposium on community development organized by the Training Institute. "Freddie Mac's support of the NeighborWorks network -- both through direct funding and creative flexible, affordable mortgage loan options -- is instrumental to the unprecedented success of the NeighborWorks Campaign for Home Ownership," said NRC executive director Ellen Lazar.