Nehemiah Corporation of America
From Wikipedia, the free encyclopedia
Nehemiah is a non-profit organization based in Sacramento, California that supports low-income home buyers with a number of programs.
Contents |
[edit] The Nehemiah Program
Founded in 1997, Nehemiah has helped provide over $794 million in down payment donations to home buyers eligible for FHA loans, in sums of up to 6% of total closing costs of certain homes.
In order for the home itself to be eligible for a Nehemiah donation, the following criteria must be met
- Railings are required on staircases of more than 2 steps.
- Any dirt floors must be encapsulated with a vapor barrier.
- Furnaces must be on concrete or cinder blocks.
- All exterior paint cannot be peeling or cracked.
- The septic system must be inspected and certified
- The house has to pass termite or insect inspection.
[edit] Nehemiah Community Reinvestment Fund
Below market loans geared towards low income home buyers and distressed properties and investors looking to invest in low income home buyers and distressed properties.
[edit] Sacramento Valley Fund LLC
A specific portion of the NCRF geared towards fighting sprawl and providing assistance for development in the Sacramento Valley in Northern California.
[edit] Nehemiah Community Foundation
A grant foundation for 501(c)3 eligible community based issues and initiatives. The Foundation is geared towards certain, urban portions of the U.S.
[edit] Nehemiah Urban Ministry Initiatives
A fund geared towards assisting Urban Christian charitable initiatives.
