Neighborhood Housing Services of Baltimore, Inc.
Neighborhood Housing Services of Baltimore (NHS) serves over 800 households annually through its homeownership counseling and financial coaching programs. In 2020, over 450 clients became homeowners. NHS deploys down payment assistance awards, raises additional capital toward an ongoing revolving DPA fund, increases access to affordable homeownership for borrowers that face challenges accessing traditional affordable mortgage products, and attracts new home buyers to Baltimore City. This grant will support staff positions associated with deployment of those funds, housing counseling, and financial coaching, and targeted community outreach.
Neighborhood Housing Services of Baltimore, Inc.
In support of staff costs associated with expanded mortgage lending activities that will increase credit access and promote financial wellness for low- and moderate-income individuals interested in sustainable homeownership.
Neighborhood Trust Financial Partners
Neighborhood Trust Financial Partners is a financial empowerment and coaching provider that serves low-income workers. Its in-house team of financial coaches specializes in the challenges facing workers today: volatile income, tight cash flow, lack of emergency savings, and burdensome debt. They help clients prioritize savings, take control of their debt, and create a road map to achieving their financial goals. This grant will support staff expenses to assist up to 200 Baltimore individuals affiliated with five Baltimore-based partner organizations.
Neighborhood Trust Financial Partners
In support of staffing and costs associated with the TrustPlus Financial Health initiative. TrustPlus’s financial coaches will help 200 Baltimore clients reduce their monthly debt and interest paid, improve cash flow, and build emergency savings.
Neighborhood Trust Financial Partners
In support of financial coaching activities with low wage workers. TrustPlus will provide 300 low-income workers in Baltimore with trusted, expert financial coaching that is responsive to workers’ needs in a rapidly changing regulatory and economic environment.