Neighborhood Housing Services Oklahoma
Overview
Neighborhood Housing Services Oklahoma (NHSOKLA) is a nonprofit organization dedicated to assisting individuals and families in central Oklahoma with achieving homeownership and improving their quality of life through affordable housing solutions. Founded in March 1981 and headquartered in Oklahoma City, NHSOKLA offers a range of services including homebuyer education, financial coaching, housing counseling, and foreclosure prevention. The organization collaborates with community partners to provide affordable and quality housing options while fostering economic development.
Recent Developments
- November 2024: NHSOKLA partnered with F&M Bank to launch the "Open Door" First Time Homebuyer Program, providing $6,000 for closing costs and a $0 down payment offer, aimed at increasing homeownership access in the community.
- April 2024: The organization received a $6,000 grant from the ALTA Good Deeds Foundation, enabling further expansion of its affordable housing projects.
- November 2023: The annual report highlighted that 305 individuals completed homebuyer education workshops in 2022. Additionally, the organization created 71 new homes as part of its developmental efforts.
- August 2023: The Oklahoma Housing Finance Agency (OHFA) documented NHSOKLA’s involvement in the Section 8 Management Assessment Program, aimed at enhancing the development and management of affordable housing.
- June 2023: NHSOKLA began preparations for multiple new affordable housing projects in Northeast Oklahoma City, driven by community partnerships.
- April 2023: The Key to Home Partnership was launched to address homelessness in Oklahoma City, in collaboration with almost 50 organizations, partially funded through NHSOKLA's efforts.
- Strategic Grants and Investments: The organization secured financial backing from NeighborWorks America, receiving notable grants for housing development and operational funding throughout 2023 and 2024.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | March 10, 1981 |
| Headquarters | Oklahoma City, OK |
| Founders | Not publicly specified |
| Revenue | $2,036,158 (FYE 12/2022) |
| Profits | Not publicly disclosed |
| Key Investors | NeighborWorks America, ALTA Good Deeds Foundation |
| Industry | Real Estate, Community Development |
| Number of Employees | 11-50 |
Early History
Neighborhood Housing Services Oklahoma began its journey in 1981 as a community development corporation aimed at addressing the lack of affordable housing in the region. Initially focusing on homebuyer education and counseling, the organization quickly expanded its services to include financial assistance programs and partnerships with local entities. By 2010, NHSOKLA had firmly established relationships with various financial institutions and government agencies, enabling the introduction of innovative housing solutions and community revitalization projects. Over the years, the organization has played a pivotal role in transforming underdeveloped neighborhoods into thriving communities.
Company Profile and Achievements
Neighborhood Housing Services Oklahoma operates on a business model centered around providing education, counseling, and resources for potential homeowners. Significant achievements include:
- Development of Affordable Housing: Over the last two decades, NHSOKLA has developed and managed numerous low-income housing projects.
- Comprehensive Financial Programs: The organization offers down payment assistance and financial coaching to address the financial barriers of homeownership for low to moderate-income families.
- Housing Counseling: With HUD-certified counselors, NHSOKLA has provided support and guidance to hundreds of prospective homebuyers, significantly lowering foreclosure rates in the community.
- Community Outreach: The organization hosts workshops and seminars on homeownership, reaching over 300 families annually.
- Recognition: NHSOKLA has been recognized by local government and community partners for its impact on housing in Oklahoma, particularly in achieving significant homeownership milestones for local families.
Current Operations and Market Position
NHSOKLA continues to be a major player in the real estate and community development sector in Oklahoma. Its focus remains on improving homeownership rates through a holistic approach that includes supportive services and housing education. The organization holds a competitive advantage with its deep-rooted community relationships and comprehensive service offerings, which are tailored to meet the specific needs of the Oklahoma population. Through strategic partnerships and continued investment in community programs, NHSOKLA plans to enhance its market position and expand its housing portfolio further.
Conclusion
Neighborhood Housing Services Oklahoma has established itself as a cornerstone organization in supporting affordable housing and homeownership in central Oklahoma. With a robust network of community partnerships and a comprehensive array of services, NHSOKLA is well-positioned to continue making a significant impact in housing accessibility and community development. As it looks to the future, the organization aims to further its mission of creating sustainable and vibrant neighborhoods, helping more individuals and families achieve the dream of homeownership. This continued dedication underscores its role as a leader in affordable housing and community services.