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Annual Dinner Penquis Announced Membership in the National NeighborWorks Network

July 9, 2013

NW2_web.jpgBangor, Maine –Penquis announced its official membership in the national NeighborWorks® network at its Annual Dinner Meeting held at the Cross Insurance Center. This significant achievement, which involved Penquis meeting high performance standards, enables Penquis to gain access to training, research, technical assistance and funding opportunities.“Given the current budget constraints and the growing housing needs, we are particularly pleased and honored to be awarded membership into the NeighborWorks network,” said Kara Hay, President and CEO of Penquis. “The powerful resources and access to best practices in affordable housing across the nation will allow us to serve more Maine families.”

In the past year, Penquis assisted 335 families throughout Penobscot, Piscataquis and Knox counties to buy their first homes by offering homeownership education. Individuals and families learned how to navigate the often complex process of securing a mortgage and buying a sound, quality home. In addition, 178 families received counseling, helping families keep their homes when at risk of foreclosure. Penquis has also developed 10 new properties, creating 228 affordable housing units for seniors and families, with 26 additional units currently under construction.

NeighborWorks® America’s Tom Chabolla, Senior Vice President, Field Operations in Washington DC, and Deborah Boatright, Vice President of the Northeast Region, congratulated Penquis for its high productivity, dedication to affordable housing, service within its community, and accountability.“NeighborWorks network membership provides Penquis access to resources that strengthen its ability to serve Penobscot, Piscataquis and Knox counties and contribute to local economic growth. We are proud to have this productive and effective organization join our network of excellence,” said Chabolla.

NeighborWorks America created the NeighborWorks network to improve housing opportunities for low- and moderate-income families; provide financial education and improve financial literacy; rebuild and repair properties; develop affordable multifamily homes; and use innovative strategies to improve safety and revitalize communities across the nation.

Collectively, over the last five years NeighborWorks America and the more than 235 members of the NeighborWorks network have been able to:

  • Invest more than $20 billion in America's urban, rural, and suburban communities;
  • Create the nation's largest force of certified homeownership education counselors and foreclosure intervention counselors;
  • Provide homeownership counseling to more than 500,000 families;
  • Assist more than 75,000 families of modest means to achieve their dream of homeownership;
  • Rehabilitate more than 105,000 homes using state-of-the-art methods, including green and healthy building techniques;  
  • Create or sustain more than 23,000 jobs per year through local NeighborWorks-supported projects and activities.
  • Mobilize hundreds of thousands of volunteers to revitalize communities.

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