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 to work in partnership with the City of West Palm Beach for the area’s rebirth. Both parties implemented with much success small business, façade improvement and streetscape programs.
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
Undertook a comprehensive strategic plan for a broad range of housing, commercial development and neighborhood planning resulting in mixed-use zoning districts for Northwood Village, the Broadway Corridor and Currie Park, and a comprehensive “Model Block” approach to reviving surrounding single-family neighborhoods in partnership with the City.
Preservation of Affordable Homes
Formed the Northwood Community Land Trust and expanded our housing preservation programs to include Palm Beach County’s underserved neighborhoods. We changed our name to Neighborhood Renaissance to reflect our broader purpose.
Progress in Uncertain Times
In response to the great recession created the first non-profit Lease Purchase Program in South Florida. Formed new partnerships with the Westgate-Belvedere CRA and Palm Beach County to build green certified hurricane replacement single-family homes affordable to low-income homebuyers as part of a comprehensive revitalization strategy.
Toward a Sustainable Economic Recovery
In partnership with Palm Beach County reclaimed 75 distressed and foreclosed properties as affordable rental homes through an $11.5 million NSP2 funding award. 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 constructed affordable single-family homes in Pleasant City, a historical African-American neighborhood. There had been no new homeownership opportunities built in decades.
Cultivating Multidisciplinary Art
Initiated the award winning Art Lofts of West Village, an affordable mixed-use development with 8 live/work townhomes and “Class A” neighborhood commercial space with the Lake Worth CRA with completion in 2019.
Rebirth of Coleman Park
Launched the Lincoln Road Model Block, a comprehensive homeownership strategy and redevelopment of the vacant lots along the North Tamarind Avenue Corridor into mixed-use affordable rentals and commercial space for minority-owned businesses through a partnership with the City of West Palm Beach and residents.
Affordable Housing for the Workplace
Initiated in 2016, completed the Mango Cove, an $8.5 million partnership with Palm Beach County for the construction of thirty-six 2BR/2BA apartments.
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.