BY THE NUMBERS...
We've helped over 199 low and moderate-income families become first-time homeowners.
We've built (or sustainably rehabilitated) over 245 affordable homes.
As of 2021, the organization’s net worth rose to nearly $15 million leveraging investments of over $46 million in the last eight years.
Over the Years
Residents and small-business owners concerned over the decline of the business district formed the Northwood Business Development Corporation, primarily working in partnership with the City of West Palm Beach. Together we successfully implemented small business façade improvements and streetscape programs.
We expanded geographically to include the areas surrounding Northwood Village; from Palm Beach Lakes to Boulevard North to 59th and Flagler Drive West to Australia Avenue. In 2003, as part of this expansion goal, we changed our name to Northwood Renaissance with plans to continue to grow over time where needed.
Healthy Neighborhoods Support Healthy Businesses
In partnership with the City of West Palm Beach, we produced mixed-use zoning districts for Northwood Village, the Broadway Corridor, and Currie Park; as well as our holistic “Model Block” approach to reviving the surrounding single-family neighborhoods. Our comprehensive and strategic plan includes a broad range of housing, commercial development, and neighborhood planning.
Preservation of Affordable Homes
After forming the Northwood Community Land Trust and expanding our housing preservation programs to include Palm Beach County’s underserved neighborhoods, we became Neighborhood Renaissance to reflect our broader purpose.
Progress in Uncertain Times
In response to the Great Recession, we created the first non-profit Lease Purchase Program in South Florida. Neighborhood Renaissance formed new partnerships with the Westgate-Belvedere CRA and Palm Beach County to build Green Certified hurricane replacement single-family homes, made affordable to low-income homebuyers.
Toward a Sustainable Economic Recovery
With an $11.5M Neighborhood Stabilization Program funding award from Palm Beach County, we reclaimed 75 distressed and foreclosed properties transforming them into affordable rental homes. We continue to own and manage 50 of these rental properties for very low-income residents.
Strengthening Neighborhoods through Homeownership
As a City of West Palm Beach Community Housing Development Organization, we constructed affordable single-family homes in Pleasant City.
Cultivating Multidisciplinary Art
Construction begins for the award-winning Art Lofts of West Village, an affordable mixed-use development. In partnership with the Lake Worth Community Redevelopment Agency, the 8 Live/Work townhomes and “Class A” neighborhood commercial space were completed in 2019.
Coleman Park Revitalization Initiative
Through a partnership with residents of Lincoln Road and the City of West Palm Beach, we launched the Model Block Program to eliminate blight by building single-family homes on vacant lots along with neighborhood beautification. Simultaneously, we launched the Coleman Park Renaissance mixed-use development that will create mixed-use affordable rentals and commercial spaces for minority-owned businesses on the vacant lots along the North Tamarind Avenue Corridor.
Affordable Housing for the Workplace
Initiated in 2016, the Mango Cove Apartment Community was completed. This construction of thirty-six 2BR/2BA apartments is the result of an $8.5M partnership with Palm Beach County.
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. As of 2021, the organization’s net worth rose to $14.7 million leveraging investments of over $46 million in the last eight years.
Our approach to addressing housing needs…
Development of single-family, multi-family and mixed-use developments in partnerships with residents, local government, and financial institutions.
Property management of affordable rental homes.
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.