Neighborhood Housing Services Silicon Valley

Street Address:
1156 North Fourth Street
San Jose, CA 95112


Phone: 408-279-2600
Fax: 408-279-4100
Website: www.nhssv.org

Edward Moncrief, Executive Director

Contact Name: Edward Moncrief
Phone: 408-279-2600x230
Fax: 408-279-4100
Email: emoncrief@nhssv.org


Staff Size: Full Time: 19    Part Time: 1

Background
Neighborhood Housing Services Silicon Valley provides programs and services that promote and support responsible home ownership as a means of revitalizing lower-income neighborhoods in San Jose. Neighborhood Housing Services Silicon Valley was organized in 1995 by a group of local citizens with support from the City of San Jose Department of Housing.

Mission
Neighborhood Housing Services Silicon Valley (NHSSV) works to improve the living environment of lower income families in selected neighborhoods of the City of San Jose and its broader metropolitan area. In partnership with neighborhood residents, the business community, local government, financial institutions, and community organizations, NHSSV provides programs and services that promote and support responsible home ownership as a means of revitalizing neighborhoods and engendering community pride and economic stability among residents.

Total Operating Expense (9/30/2007): $2,390,666

 Lines of Business
  • Community Building and Organizing

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Community Building and Organizing

    • Accomplishments in FY 2008
  • Provided 427 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 44 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 15 rental units.
  • Invested $1,127,500 in the community through Neighborhood Housing Services Silicon Valley's revolving loan fund, which leveraged $16,054,919 from conventional lenders and other sources.
  • Total direct investment in the community is $17,182,419.

    • Additional Accomplishments
    Date Additional Accomplishment
    2/4/2003 Received certification from the US Department of Treasury as a Community Development Financial Institutions (CDFI).
    7/25/2003 Received CDFI's $1 million Financial Assistance (FA) Component Award for FY 2004.
    3/13/2004 First institution to receive CDFI's FA Component Award two years consecutively. Received $900,000 for FY 2005.
    6/6/2004 Became the first and only non-profit lender in the State of California to receive CalHFA approval as a direct lender.
    8/26/2008 Became a Fannie Mae approved lender
    7/14/2008 Received CDFI's $1 million Financial Assistance (FA) Component Award for FY 2008.

    Community Services
  • Community Building

  •  Annual Paint the Town Event

  •  Community Outreach and Organizing

  •  Landscape and Neighborhood Beautification

  •  Leadership Training

  •  Neighborhood Festivals

  • Financial Planning and Assistance

  •  Disposition of Foreclosed Property

  •  Down-payment Assistance

  •  Financial Education

  •  Foreclosure Prevention Training

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  HomeBuyers Club


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Bena ChangBoard MemberSilicon Valley Leadership GroupAssociate,.Housing
    Bob DolciBoard MemberCounty GovernmentSanta Clara CountyHousing Development Consultant
    James GlueckBoard MemberCisco Systems 
    Melonee HawkinsBoard TreasurerBusinessHawkins & CompanyCPA
    Bill HultBoard SecretaryBusiness Retired Businessman
    Lisa NguyenBoard MemberVishayEngineer
    Ken ParekhBoard PresidentBusinessKorn/Ferry International 
    Clinton PickeringBoard MemberGallina LLPCPA Accountant
    James StagiBoard MemberCity Of San Jose 
    Beatrice ThomasBoard Member Retired Educator
    Anh TranBoard Member MD and Esq.
    Stephen WellesBoard MemberBusinessOplinkAttorney

    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.

    NeighborWorks ® America Contact Information
    District:  Pacific
    Name:  Laurie Delman
    Phone:  714-940-0144x26
    Toll-Free:  
    Fax:  714-940-0973
    Email:  ldelman@nw.org