About

MISSION + VISION: 

Established in 1992, Neighborhood Renaissance is a proven nonprofit community based organization dedicated to building and supporting strong economies and diverse communities in Palm Beach County and the state of Florida by investing in homes that are within the financial reach of low and moderate-income households. We envision diverse and robust communities where all residents have access to quality homes that are within their financial reach as well as educational and employment opportunities allowing them to thrive and reach their full potential.

ORIGIN + HISTORY:

Old Northwood

 In 1992, Neighborhood Renaissance began as the Northwood Business Development Corporation formed by residents and small business owners concerned over the decline of the neighborhood’s residential and commercial district. In partnership with the city of West Palm Beach, both parties implemented with much success a “Model Block” program in reviving the Northwood business corridor. 

In 1998, it expanded its geographical target area to include the stretch of US 1 from Palm Beach Lakes to Boulevard North to 59th and Flagler Drive West to Australia Avenue.   In 2002, as part of this expansion goal, it underwent a changed name with plans to continue to grow over time where needed. 

In 1999, Terri Murray joined the organization as its Executive Director. Under her leadership, Neighborhood Renaissance has continued to expand its work to include a broad range of housing and commercial development initiatives serving Palm Beach County.

WHAT WE DO:

About Neighborhood Renaissance

Our approach to addressing the housing needs of working families whether it is homeownership or rental begins by using, where possible, a comprehensive approach that leads to self-sufficiency.  When developing or managing our properties, we look at what else can be done in the neighborhood to further the area’s rebirth. We are committed to helping support families by strengthening their financial position to reach their full potential. 

Our products and services may vary every year as funding plays a role in what we can offer.  Core services that we are committed to are the following:

  • Development of single-family, multi-family and mixed-use developments in partnerships with municipalities, financial institutions, and the county.
  • Property management of rental homes owned by Neighborhood Renaissance and our Community Land Trust.
  • Housing and financial counseling services as a pathway to homeownership. This ranges from offering homebuyer classes to financial literacy workshops through our extensive network of nonprofit housing partners and one on one counseling. 
  • Case management through a support system of local nonprofit providers available to help residents achieve their self-sufficiency goals

 

ORGANIZATIONAL ACCOMPLISHMENTS:

Since 1992, Neighborhood Renaissance expanded its programs, services, and real estate portfolio, while broadening its geographic reach to other communities in need of affordable housing within Palm Beach County. As of 2018, the organization’s net worth rose to $13,700,000 leveraging investments of over $29 million in the last five years.

Highlights of Neighborhood Renaissance’s achievements since inception are the following:

  • In 2017, broke ground on the construction of Mango Cove, a 36-unit apartment community in West Palm Beach at the cost of $8.2 million for families who earn less than 120% of median income for completion by the end of December 2018.
  • Started construction on the Lake Worth West Village Art Lofts in 2017, a unique mixed-use residential and commercial development that includes eight 3-story live/work artist townhomes and a 2,000-sq.ft. Class A commercial space at an estimated cost of $3.2 million to be completed May 2018.
  • To date, completed and sold 168 affordable single-family homes to working families in the following communities: West Palm Beach, Lake Worth, Riviera Beach, Royal Palm Beach, & Palm Beach Gardens at a total investment of over $20.5 million.  
  • In 2013, completed the construction of 13 single-family homes certified through the Florida Green Building Coalition as part of a comprehensive long-term strategy to revive the Westgate redevelopment area and replace affordable homes that were destroyed by Hurricanes Wilma and Francis. 
  • In 2007 formed the county’s first community land trust; as of 2018, it contains nine homes.
  • Currently, NR owns and manages a scattered-site real estate portfolio of 70 units comprised of single-family and multi-family homes.
  • Offered housing counseling services to over 3,500 households since 1992.
  • Successfully implemented a $12 million grant from the county’s Neighborhood Stabilization Program to acquire and rehab 78 single-family and multi-family homes.
  • Implemented the county’s first lease-purchase program through the Community Land Trust.
  • Completed the county’s first “model block” program, a residential project that transformed this neighborhood through new home construction, rehabilitation, homebuyer assistance, streetscape improvements and lush landscaping.