Written by Helena Jones

Baltimore, MD- November 29, 2022- Neighborhood Housing Services of Baltimore has received a $25,000 grant from Bank of America Charitable Foundation, Inc. in support of NHS’ work to create affordable homeownership.

NHS takes great pride in uplifting the community by providing educational and financial services for citizens in need. Though the state of the economy continues to change, NHS’ mission remains the same: sparking renewed vitality in neighborhoods by engaging community partners, increasing sustainable homeownership and advancing innovative capital solutions.

For years, NHS has partnered with companies like Bank of America Charitable Fund in supporting its community members through more informed homeownership. NHS cannot thank these partners enough for continuously supporting the vision for the community of Baltimore.

These partnerships make providing quality services for the people of Baltimore that much easier and accessible. NHS understands when the community is more informed and financially flourishing, that this will positively impact the future of Baltimore.

BALTIMORE, MD — July 5, 2022 — Neighborhood Housing Services (NHS) of Baltimore, a trusted name in sustainable homeownership services, has launched a new loan product aimed at making homebuying easier.

The new NHS Mortgage looks to take the complexity out of the homebuying process. NHS offers a one-stop shop of services to move customers from dreamers to homeowners in a seamless process.

“As we continue to grow as a community development financial institution, we recognize that these are the types of products and services that give more Baltimore residents a fair shot at homeownership,” says Dan Ellis, Executive Director and CEO of Neighborhood Housing Services of Baltimore. “We are invested in knowing what our residents and neighborhoods need to thrive, and we look forward to our continued work in helping to build a more equitable and connected Baltimore.”

The NHS Mortgage provides an extra layer of services to help homeowners better navigate the homebuyer process.

“The real selling point of this loan is our ability to harness all our services to provide a comprehensive and seamless homebuying experience for all homebuyers. A customer can start out learning the ins and outs of the homebuying process through our educational workshops and end up buying one of several homes we are buying and updating throughout the community,” says Kareema Pinder, Director of the Homebuying Center for NHS. “Our NHS Mortgage is just one example of the numerous investments that benefit the health of the local economy.”

NHS is a community development financial institution that believes social and economic justice are a right for all people and communities. We seek social and economic justice by removing barriers to sustainable homeownership for members of the Baltimore community. In 2021, NHS helped 384 new homeowners in Baltimore.

NHS offers a wide range of services to help customers purchase, improve or keep their homes. We offer support to our community through Acquisition Rehab, Community Outreach, Customer Experience, Economic Development, Home Preservation, Homebuyer Education, Financial Coaching, Foreclosure Prevention, Lending and Resource Development.

To apply for this new loan program or for full details, visit our website at nhsbaltimore.org or e-mail Mortgage Loan Officers Stephanie David at sdavid@nhsbaltimore.com or Veronica Tobin at vtobin@nhsbaltimore.com.

About NHS Baltimore

Neighborhood Housing Services (NHS) of Baltimore was founded in 1974 as a consortium of local residents, community groups, foundations, business leaders and local government. Our mission is to spark renewed vitality in neighborhoods by engaging community partners, increasing sustainable homeownership and advancing innovative capital solutions. To learn more about NHS of Baltimore, visit nhsbaltimore.org.

BALTIMORE, MD, November 1, 2021—Neighborhood Housing Services (NHS) of Baltimore has launched a new financial product, the Rapid Rehab Loan, aimed at both new Baltimore City homeowners as well as those who have been in their homes for a while.

Borrowers can request up to $20,000 to make larger repairs in their homes. The funds can be used for any home upgrades, ranging from renovation projects to energy-efficient repairs. In addition to traditional rehab loan candidates who have been in their homes a few years, this new loan product targets new homeowners who have only recently purchased their properties. Customers can access funds within 30 days of applying.

The Rapid Rehab Loan’s key features include:

• Loans up to $20,000
• New and Seasoned Buyers Can Apply
• Funds Available in 30 Days
• Funds for Any Home Renovation Project or Energy-Efficient Repairs
• Affordable Loan Terms
• No Income Limit

“This is a proud day for all of us associated with NHS of Baltimore,” NHS Executive Director & CEO Dan Ellis says. “This new loan product will allow us to continue to make a difference in the lives of Baltimore residents, who long to participate in the growth and development of strong communities. With their help, our mission and our work carry on.”

To be eligible, homeowners must reside in Baltimore City. Other requirements include:

• Property must be used as a primary residence
• Minimum credit score of 680
• Continuously employed for one year
• Property and water bills must be current

“The real selling point of this loan is you can apply the very first year you are in your home,” says Cassandra Robb, Director of Homeownership Preservation for NHS. “We hope this will reduce the barriers for new homeowners and also attract the traditional rehab loan customers, who have been in their homes for a while.”

NHS of Baltimore offers several programs to help with the homebuying process. In 2020, NHS helped 457 new homeowners in Baltimore.

NHS offers affordable loans to purchase, improve, and keep homeowners in their homes. We also offer consumer loans and partner with employers to offer small-dollar loans to their employees through our Community Loan Center of The Chesapeake’s Small Dollar Loan Program. The program is an affordable, risk-free alternative to payday and car title loans.

To apply for the Rapid Rehab Loan or for full details, visit our website at NHSbaltimore.org or e-mail lendingadvisor@nhsbaltimore.com.

About NHS Baltimore

Neighborhood Housing Services (NHS) of Baltimore was founded in 1974 as a consortium of local residents, community groups, foundations, business leaders and local government. Our mission is to spark renewed vitality in neighborhoods by engaging community partners, increasing sustainable homeownership and advancing innovative capital solutions. To learn more about NHS of Baltimore, visit nhsbaltimore.org.

BALTIMORE, MD, October 6, 2021— Neighborhood Housing Services (NHS) of Baltimore has been awarded $800,000 in funding through the U.S. Department of Health and Human Services’ Community Economic Development (CED) Grant Awards.

NHS of Baltimore will use $800,000 in CED Grant Awards funds to expand seven businesses and construct a food hall at Walbrook Mill in Baltimore. The funding will support construction costs to build out The Mill, a fully licensed food hall, to serve the business and labor needs of participating vendors by providing an affordable retail space with lower barriers to entry and cash requirements than a traditional stand-alone restaurant. The Mill will create a location for seven food entrepreneurs to operate their businesses in a supportive environment that provides healthy food options and catalyzes further investment in the community. The project will also create jobs for members of the community.

This year, $14.6 million in CED funds were awarded to 20 new grantees implementing projects across the country. Collectively, these new grants will create/expand over 35 businesses resulting in the creation of more than 600 new jobs in low-income communities.

“The Walbrook Mill development project has been a significant investment and we hope it will positively impact this community for years to come,” NHS Executive Director & CEO said. “We are pleased that this financial award will further support our mission to elevate this great community.”

NHS offers affordable loans to purchase, improve, and keep homeowners in their homes. We also offer consumer loans and partner with employers to offer small dollar loans to their employees through our Community Loan Center of The Chesapeake’s Small Dollar Loan Program. The program is an affordable, risk-free alternative to payday and car title loans.

About NHS Baltimore

Neighborhood Housing Services (NHS) of Baltimore was founded in 1974 as a consortium of local residents, community groups, foundations, business leaders and local government. Our mission is to spark renewed vitality in neighborhoods by engaging community partners, increasing sustainable homeownership and advancing innovative capital solutions. To learn more about NHS of Baltimore, visit nhsbaltimore.org.