Neighborhood Housing Services of South Florida, Inc.

Street Address:
300 NW 12 Ave.
Miami, FL 33128


Phone: 305-751-5511
Fax: 305-751-2228
Website: www.nhssf.org

Arden Shank, Executive Director and President

Contact Name: Arden Shank
Phone: 305-751-5511x1123
Fax: 305-751-2228
Email: ardens@mdnhs.org


Staff Size: Full Time: 27 

Background
Neighborhood Housing Services of South Florida, Inc. has been a NeighborWorks® network member since 1978. The service area includes Miami-Dade and Broward Counties. About 95% of our program users are minorities. Neighborhood Housing Services of South Florida, Inc. became a licensed lender in the state of Florida in 2002 and in November 2004, a NeighborWorks® HomeOwnership Center. We are a Community Development Financial Institution (CDFI) and a Community Housing Development Organization (CHDO). Neighborhood Housing Services of South Florida, Inc. does homeownership training, counseling, and lending; builds housing for homeownership; and provides neighborhood revitalization services in Brownsville, a Miami-Dade County neighborhood of 15,000. In 2006, NHS formed Neighborhood Housing Development LLC, building and selling homes throughout South Florida. In early 2008, NHS also launched foreclosure prevention services, launching services based on triage and clinics. In addition to layering financing from local lenders and local government, Neighborhood Housing Services of South Florida, Inc. funds our own second mortgages, essential in a high-housing cost market like South Florida.

Mission
Neighborhood Housing Services of South Florida builds empowered communities, revitalizes neighborhoods and creates affordable housing opportunities in South Florida. Accordingly, we are committed to the following outcomes: 1. Residents who are educated homebuyers and homeowners. 2. Residents who have adequate financial opportunities for buying and maintaining their homes. 3. Housing that is safe, decent, and financially sustainable. 4. Revitalized neighborhoods where residents choose to invest time, money, and energy.

Total Operating Expense (9/30/2007): $956,839

 Lines of Business
  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership

    • Accomplishments in FY 2008
  • Provided 479 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 2 rental or owner occupied units (1-4 units).
  • Assisted 37 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 0 rental units.
  • Invested $227,957 in the community through Neighborhood Housing Services of South Florida, Inc.'s revolving loan fund, which leveraged $7,621,087 from conventional lenders and other sources.
  • Total direct investment in the community is $7,849,044.

    • Additional Accomplishments
    Date Additional Accomplishment
    1/3/2007 Staff capacity icreased language service delivery, to include French along with English, Spanish, and Creole. A comprehensive and progressive housing development was birthed in 2006. NHS and ADANAC merged forces to create NHS Housing Development LLC. To date, four houses in West Little River have been completed and sold to first-time homeowners. Eight houses in Homestead, one house in Brownsville, and 27 homes in DuPuis Pointe will be built. In 2007 NHS: Helped 216 families purchase homes worth $39,808,311 Conducted homebuyer orientation in 3 languages for 1,076 families Counseled 870 families Provided 775 families with homebuyer education Facilitated $9,751,940 in loans Issued $456,210 in second mortgage loans
    7/15/2008 New activities included: Expansion into Broward County - Present services and activities include involvement in local community development and housing efforts. Foreclosure Prevention – NHSSF significantly increased its capacity in foreclosure intervention services. A virtually non-existent line of business in FY2007 became a primary focus during FY2008. Foreclosure activities were incorporated in NHSSF’s Home Ownership Preservation line of business. New Name for the Organization – NHSSF officially incorporated the name Neighborhood Housing Services of South Florida (NHSSF). Real Estate Brokerage Activities – NHSSF created Homeownership Realty LLC in FY2008, a Florida-licensed real estate brokerage. Real Estate Development – NHSSF Housing Development LLC has 73 units currently in the production pipeline. New Office Space – NHSSF located and purchased an office site that was affordably priced and centrally located on NW 12th Avenue in Miami. Direct NHSSF Investment in FY2008 – Through homeownership production and housing development, NHSSF invested $37,431,501 in Miami-Dade and Broward Counties during FY2008. Also in 2008, NHSSF: Helped 147 people purchase homes valued at $27,676,084 Conducted homebuyer orientation for 534 Conducted homebuyer education for 653 Conducted foreclosure mitigation for 853

    Community Services
  • Community Building

  •  Community Outreach and Organizing

  •  Landscape and Neighborhood Beautification

  •  Leadership Training

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Tandem Lending

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  HomeBuyers Club


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Donna AdamsBoard MemberResident  
    Patricia AlgazeBoard Vice ChairFinancial InstitutionBank UnitedVP & Community Development Manager
    Owen BlandfordBoard ChairResidentBlandford Insurance Services 
    Maedell BrownBoard MemberResident  
    Mario CoryellBoard MemberBusiness  
    Emilio FernandezBoard MemberFinancial InstitutionCitibank 
    Bishop Randall HoltsBoard MemberResident  
    Eric M JohnsonBoard Member Ex OfficioCounty GovernmentMetro Miami Action PlanAction Plan Consultant
    Beverly KovachBoard SecretaryFinancial InstitutionCommercebankVice President; CRA Officer
    Maria Lee-ForbesBoard MemberFinancial InstitutionWashington Mutual 
    Luldina QuinonesBoard MemberResident  

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

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