New York Mortgage Coalition

ANHD is proud to sponsor the New York Mortgage Coalition, a unique collaboration of nonprofit agencies and major lenders working together to help low- and moderate- income families become first-time homebuyers. Given the ongoing wave of foreclosures, the Coalition’s work has expanded to include foreclosure prevention and neighborhood stabilization.

The Coalition is comprised of 10 of the leading housing counseling agencies serving greater New York. These partner agencies provide vital pre-purchase homeownership education to over 3,000 LMI families a year, successfully counseling over 20% first-time homebuyers.

The Coalition is proud to work with the following partners:

• Asian Americans for Equality
• Chhaya CDC
• Cypress Hills LDC
• Housing Action Council
• Harlem Congregations for
• Community Improvement
• Housing Partnership
• Development Corp.
• Long Island Housing Partnership
• Neighbors Helping Neighbors
• Northfield LDC of Staten Island
• Pratt Area Community Council

Working hand-in-hand with Coalition homeownership counselors are the CRA and Community Lending teams of our 13 member lenders who provide affordable lending products that enable our program to succeed. Each year our lenders originate over $100 million in affordable mortgages through the Coalition’s first-time homebuyer program.

In 2010 the Coalition received a $522,400 grant from DHCR to provide foreclosure prevention counseling services to 2,985 distressed homeowners over an 18 month period. Four partner agencies worked alongside our in-house program to meet this goal. The Coalition was also awarded a $100,000 grant by the Center for New York City Neighborhoods (CNYCN) to provide training and technical assistance to 21 of the Center’s network partners.

NYC’s Department of Housing Preservation and Development awarded two-year funding to the Coalition to execute HUD’s NSP2 Homeownership Assistance program in neighborhoods hardest hit by the economic crisis. The Coalition serves as the lead agency, overseeing nine program partners, and is charged with facilitating the sale of REO and distressed properties located in Brooklyn, Queens and Staten Island to eligible homebuyers.