Formed in 1979 through grass-roots’ effort of the residents of the Merrill Neighborhood in the City of Beloit, NHS has gone on to create public, private and community partnerships that generate investment and build healthy neighborhoods throughout the community. In addition to the Merrill Neighborhood, today those neighborhoods include the west-side Hackett Neighborhood, the Shore Drive Neighborhood and the neighborhood around Beloit College. Low-to-moderate income residents living in and buying homes in these priority neighborhoods are eligible for special services and loan products.
NHS of Beloit is a NeighborWorks® America certified Full-Cycle lending organization offering a full range of home buyer services. The agency is an Approved Housing Counseling Agency by the Department of Housing and Urban Development and is HUD certified as a Community Housing Development Organization (CHDO). CHDO status allows NHS of Beloit to access HOME Program funds for real estate development.
Acquisition, Building, Rehabilitation
WE ACQUIRE HOUSING UNITS, BUILD NEW HOUSING AND REHABILITATE BLIGHTED HOMES IN PRIORITY NEIGHBORHOODS
NHS acquires substandard housing stock in its priority neighborhoods – rehabilitates the homes to high quality standards and sells them to qualified buyers who have completed homebuyer education classes. NHS also new homes in areas where conditions have necessitated the demolition of a house.
WE PROVIDE RENTALS IN A PRIORITY NEIGHBORHOOD
NHS owns and manages 6 units of residential rental property. NHS owns a 2-family and a 4-family home in one of our priority neighborhoods: Parker House Estates is a unique historic development that consists of six affordable rental units located in the Bluff Historic District.
For Those Otherwise Homeless
WE PROVIDE SAFE, TEMPORARY, WELL-MANAGED HOUSING FOR AN UNDERSERVED POPULATION OF MEN WHO WOULD OTHERWISE BE HOMELESS
Brittan House is a transitional living facility comprised of 45 units of single rooms for otherwise homeless men. The mission of Brittan House is to provide a stable, peaceful housing environment where the residents have the opportunity to re-build and re-position their lives. Occupancy at Brittan House is at 100%. NHS also owns a commercial space adjacent to Brittan House that has a long term tenant, St. Vincent De Paul.
Homeownership promotion uses NeighborWorks® curriculum “Realizing the American Dream” to teach Home Buyer Education classes. Prior to taking the class, participants meet with an NHS Housing Counselor for
an individual intake session. HBE classes and counseling services are available to all homebuyers, regardless of income or geographic location. Classes are six hours long and take place once a month in English and every other month in Spanish.
NHS also offers a range of downpayment assistance products from its Revolving Loan Fund. Downpayment assistance loans may be forgivable if the buyer’s income is at or below 80% of the area median income and they are purchasing an NHS rehabbed or newly constructed home in a priority neighborhood; deferred if the buyer is purchasing a home in one of NHS’s neighborhoods identified as a priority neighborhoodsto promote homeownership; or repayable, if the buyer is purchasing a home in Beloit, but outside of a priority neighborhood.
NHS provides post-purchase educational seminars teaching homeowners how to create wealth through homeownership, how to develop a successful family spending plan, how to do preventive and corrective home maintenance, and how to prevent foreclosure.
NHS provides foreclosure prevention clinics to educate residents at risk of foreclosure about necessary processes with the goal of reaching families in the earliest stages of the foreclosure process.
We aspire to work with homeowners at the beginning stages of foreclosure, counseling them through the necessary steps to pull themselves out of their situation. NHS has also developed working relationships with area lenders and loan servicers especially beneficial where loan modifications are sought.
NHS participates in the Emergency Homeowner’s Loan Program (EHLP) and continues to work each year with 20-25 families at risk of foreclosure. NHS also provides Home Equity Conversion Mortgage (HECM) counseling to those seeking HECM loans – commonly referred to as reverse mortgages. We secured a FEMA Emergency Food & Shelter Grant to assist eligible homeowners behind on their mortgage with one month’s principal and interest.
Benefit to Families and Community
NHS’s work has great social value and contributes to improving the quality of life for the thousands of families residing in the greater Beloit communities. We provide a wide range of services, including building and renovating homes, managing properties, counseling new homebuyers and providing foreclosure assistance for struggling homeowners. One result is helping to stabilize high-priority areas, enhancing not just one life within the community but the overall quality of community life.
Contributor to Local Economy
NHS is also a small business. As such, we deliver significant financial value by maintaining and building payrolls, running our own business, purchasing goods and services from other local small businesses and generating local, state and federal taxes and fees. We’re a contributor to the Stateline Area’s prosperous business environment.
During the period 2006-2011 NHS has been responsible for over $24.4 million in economic activity as a result of its operations. $8.6 million of this was a direct effect (initial impact on the economy), $2.7 million an indirect effect (secondary impact caused by changing input needs of directly affected industries, e.g., building homes requires lumber, cement, and architectural services) and $13.1 million an induced effect (impact caused by household change in spending due to additional employment caused by direct and indirect affects, e.g., construction workers shop at the grocery store or buy clothing). On an annual basis, the organization sustains over 40.3 jobs.