About

MISSION: 

Established in 1992, Neighborhood Renaissance, Inc. is a nonprofit community based organization dedicated to building and supporting strong economies and diverse communities in Palm Beach County.

Organizational Background:

donation-wells-fargoOur approach to rebuilding neighborhoods is inclusive and has received national recognition. We have a long history of working in partnership with residents, local government, businesses, and lending institutions to reclaim troubled properties and improve neighborhoods. All while helping families to become economically self-sufficient through individualized housing counseling, case management and increased financial literacy. Our efforts have helped over eighty low and moderate-income families to become first-time homeowners. Over the past three years our programs targeted over $16.5 million of reinvestment into low-income communities while preserving ninety-two homes for low and moderate-income working families.

Need for Affordable Homes:

pleasant-city-homeA recent in-depth housing needs assessment, Affordability Foreclosed: The Rental Housing Challenge, completed by the Florida International University’s Metropolitan Center, and commissioned by the Community Foundation for Palm Beach and Martin Counties reveals a startling increase in renter demand resulting in escalating rents no longer within the financial grasp of many working families.  According to the study, the vast preponderance of workers in Palm Beach County are employed in the service sector including retail trade, leisure & hospitality, and educational & health services with incomes and wages that severely limit their home choices.  With little new supply of multi-family residences coming on line, combined with low vacancy rates, home foreclosure activity and depressed incomes, rents could continue to rise as demand intensifies.  An additional 5,215 rental apartments are needed to meet the estimated demand in Palm Beach County for the 2011- 2015 time period.  Further analysis of annual average renter household demand for the years 2015 to 2030 determined that approximately sixty percent of the units will need to accommodated Palm Beach and Martin County households earning less than 80 percent of the area median income (AMI).

To help address the mounting demand for rental homes, the board and staff convened last fall for a strategic planning retreat where we examined strategies for helping families to find quality homes that they can manage to pay for.  Our programs and services for the next several years encompass:

  • Acquisition and rehabilitation of existing multi-family homes
  • Property management
  • New construction of rental and mixed-use developments
  • Homeownership development
  • Financial literacy, housing counseling and home ownership training

 

Awards & Designations:

Since 1992, Neighborhood Renaissance, Inc. has been acknowledged for our achievements. Here are some highlights from our long history of service:

2013

  • Third Federal Foundation $50,000 charitable donation in support of the substantial rehabilitation of 171-179 Caroline Dr. located within Palm Beach County’s Urban Redevelopment Area
  • M & T Charitable Foundation grant support for our newly launched Working Your Way Home program
  • Palm Beach County NSP2 $500,000 additional grant award through the Residential Redevelopment Program

2012

  • Palm Beach County NSP2 $2,000,000 grant award to acquire additional REO properties for the Residential Redevelopment Program
  • Community Foundation for Palm Beach & Martin Counties $200,000 Affordable Housing Iniative three-year operating grant
  • Wells Fargo Foundation $80,000 Leading the Way Home Priority Markets grant award 
  • JPMorgan Chase Foundation $80,000 grant in support of Northwood/Pleasant City Affordable Housisng & Neighborhood Stabilization Program
  • Citi Foundation $40,000 grant award in support of Neighborhood Stabilization Programs
  • Palm Beach County CHDO/HOME award for an additional $132,350 for affordable housing
  • PNC Foundation grant in support of Neighborhood Stabilization
  • TD Charitable Foundation grant in support of Neighborhood Stabilization

2011

  • Wells Fargo Foundation $100,000 Leading the Way Home Priority Market grant, a nationwide competition to increase the availability of housing for low and moderate-income families while stabilizing and rebuilding neighborhoods.
  • $9.5 million Neighborhood Stabilization II grant fromPalm Beach County to acquire and refurbish a minimum of 50 foreclosed properties in the Urban Redevelopment Area through the Residential Redevelopment Program
  • $397,049 Palm Beach County CHDO/HOME grant award for affordable housing development
  • $40,000 Citigroup grant award in support of the Westgate Housing Replacement Program &  Neighborhood Revitalization
  • JP Morgan Chase Foundation $45,000 grant in support of Northwood/Pleasant City Affordable Housing & Neighborhood Stabilization Program
  • Matching grant recipient for the Community Foundation for Palm Beach & Martin Counties’ Alleviate Hunger and Affordable Housing Challenge 
  • PNC Foundation grant support for Neighborhood Stabilization

 2010

  • $2,058,461 Disaster Recover Initiative/CDBG grant fromPalm Beach County to replace homes lost during Hurricane Wilma with 13 quality built “green” homes in the Westgate Community Redevelopment Area for low-income first-time homebuyers
  • Palm Beach County NSP 1 grant  sub recipient for $500,000 to purchase & rehab foreclosed properties
  • Palm Beach County CHDO designation
  • $45,000 grant award from the JP Morgan Chase Foundation in support of the Northwood/Pleasant City Affordable Housing & Neighborhood Stabilization Program
  • Citi Foundation $25,000 grant award in support of Neighborhood Stabilization
  • PNC Foundation grant in support of the Westgate Housing Replacement & Neighborhood Revitalization

2008 & 2009

  • $50,000 grant award from the Knight Foundation Fund of the Community Foundation for Palm Beach And Martin Counties, Inc to help stem the tide of homelessness and tenant displacement
  • Commerce Bank and TD Charitable Foundation 2008 Housing for Everyone grant
  • $375,000 Palm Beach County SHIP grant in support of the Community Land Trust to assist in the construction of 5 homes for very low-income families
  • $45,000 grant award from the JPMorgan Chase Foundation in support of the Northwood/Pleasant City Affordable Housing & Neighborhood Stabilization Program

 2006 & 2007

  • $55,000 grant award from the John D. & Catherine T. MacArthur Fund of the Community Foundation for Palm Beach and Martin Counties in support of the Community Land Trust
  • Northwood Community Land Trust homes featured in the Florida Housing Coalition’s Fall 2006 Housing Network Journal
  • Bank of America’s 2006 Neighborhood Builders Award and $200,000 contribution in support of affordable housing efforts
  • Florida Housing Finance Corporation CHDO designation

2004 & 2005

  • 1000 Friends of Florida’s 2005 Community Steward Award for the two-year Northwood citizen planning process that laid the ground work for new affordable housing development
  • National LISC HomeownershipCenter “best practice” award for the Model Block Initiative, which also received the 1000 Friends of Florida’s Community Steward Award
  • Federal Home Loan Bank Urban EDGE grant for the development of  Northwood’s first mixed-use residential and commercial project, the “Renaissance Courtyard” that demonstrated new design standards for the business district
  • South Florida LISC 2005 Community Development Champion
  • Citibank 2004-2005 Partners in Progress Award
  • CDC’s Comprehensive Approach to Neighborhood Revitalization” featured as lead article in the national American Planning Association’s Winter 2004 Economic Development Quarterly News & Views

 1998 & 1998 

  • Community Housing Development Organization  (CHDO) designation for the Northwood neighborhood of West Palm Beach & HOME grant award for Palm BeachCounty’s 1stModel Block Program

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