FY 2010 Appropriations Bill for NeighborWorks America Signed

We are pleased to announce that on December 16, 2009, President Obama signed into law H.R. 3288, which provides FY 2010 appropriations for the Departments of Commerce, Defense, Education, Health and Human Services, Housing and Urban Development, Justice, Labor, State, Transportation, the Treasury, and Veterans Affairs, and other agencies – including NeighborWorks America.

NeighborWorks America’s FY 2010 appropriation totals $233 million, and includes:

• A base budget of $133 million


• An additional $65 million to continue the National Foreclosure Mitigation Counseling Program, and


• An additional $35 million for capital grants to rehabilitate or finance the rehabilitation of affordable housing units.

This compares favorably to the FY 2009 appropriation which provided:

• A base budget of 131 million; and


• An Additional $50 million for the National Foreclosure Mitigation Counseling program

Particularly in the midst of the current economic/budgetary environment, the corporation’s FY 2010 appropriation is a real testament to the hard work of NeighborWorks America staff and the staff and boards of local NeighborWorks organizations across the country, making a difference in the lives of the families and communities they serve.