Honoring Neighborhood Housing Services Of Richland County
Madam Speaker, I rise today to honor Neighborhood Housing Services, NHS, of Richland County for the 25 years of service this agency has provided to its communities. As America's first Rural NHS, Richland County has partnered with numerous…
Madam Speaker, I rise today to honor Neighborhood Housing Services, NHS, of Richland County for the 25 years of service this agency has provided to its communities. As America's first Rural NHS, Richland County has partnered with numerous entities in the areas of housing, insurance, and construction, allowing this agency to offer comprehensive services and assistance to area residents.
NHS of Richland County is able to revitalize communities and address current needs. Recent initiatives have addressed the mortgage crisis and the August 2007 flood in western Wisconsin. With interest rates rising and property values decreasing, many hardworking families have had an increasingly difficult time making their mortgage payments, thus now more than ever it is especially important that our local communities have the necessary resources to provide affordable housing for those who need it most.
NHS of Richland County responded to this need and in 2007 when in spite of this downturn in the housing market they assisted 81 households with loans and maintained a near zero percent foreclosure rate. NHS also created the Responsible Homeownership, R-HOME, initiative. This project is a comprehensive mortgage loan program created to better serve the needs of consumers with little or no credit history. In addition to the above endeavors, when the flood of August 2007 hit, NHS was part of local flood recovery effort in providing critical assistance to families.
Foreclosure prevention, homeownership seminars, flood recovery assistance and establishing renewable energy systems are just a few of the programs contributing to the success of Richland County's Neighborhood Housing Services. Since 1983, NHS of Richland County has responded and assisted over 3,000 households by building 39 affordable, energy-efficient homes, repairing more than 40 homes in the tornado stricken town of Viola, Wisconsin and constructing a 25-unit apartment complex for low-income seniors.
I applaud Neighborhood Housing Services of Richland County for providing invaluable support for homeowners in western Wisconsin, being a leader to housing services around the country and most importantly, upholding their motto of ``Neighbors Helping Neighbors.''