Neighborhood Housing Services of New York City, Inc. (NHSNYC) Has Started the Process of Supporting Relief Efforts to the Affected Areas With Emergency Repair Loans

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NEW YORK, Nov. 1, 2012 (GLOBE NEWSWIRE) -- At this time, Hurricane Sandy has caused damage to homes and neighborhoods throughout New York City. The damage from this historic storm is extensive. The NHSNYC family thoughts and heartfelt concern are extended to all those who have suffered destruction and devastation to their homes and communities. As New Yorkers, we are known for our determination and working together during difficult times and Neighborhood Housing Services is here to help.

Neighborhood Housing Services of New York City, Inc. (NHSNYC) has started the process of supporting relief efforts to the affected areas. To further assist with access to critical repairs, NHSNYC will provide direct emergency relief loans. NHSNYC emergency repair loan program will provide loans for the repair or reconstruction of homes damaged by this natural disaster. Restoring homes is essential to begin the recovery to impacted communities and to quickly restore a safe and healthy living environment to residents.

"Our resources are available to help during the difficult process of recovery in New York City neighborhoods," said Director of Lending and Program Services, Louis Kilkenny, NHSNYC is ready to assist affected residents repair their homes, so they can begin to resume daily activities."

Loan approvals are typically available within 72 hours from application. Applicants need appropriate documents; such as evidence of homeowner insurance; ownership of the home; their last two pay stubs and an estimate from a licensed and insured contractor. NHSNYC can help to complement state and local response recovery efforts until federal assistance – such as emergency relief funds become available.

NHSNYC CEO, Bernell Grier said, "To help restore vital community infrastructure following this unprecedented and devastating storm, our continued commitment to all of the New York City communities impacted by Hurricane Sandy is unparalleled."

In the aftermath of the storm, it is important that if you are aware of anyone that may be in need of emergency repairs, please contact Neighborhood Housing Services of New York City, Inc. at 212-519-2500. It is expected that the repair needs will be extensive, and NHSNYC will be here to help during that process. We will continue to monitor the situation and inform you of specific initiatives as they develop.

About NHS: Neighborhood Housing Services of New York City, Inc. (NHS) serves the metropolitan area of New York City. NHS is a community-based organization with targeted impact in the boroughs of New York City. Through financial empowerment and affordable lending, for thirty years NHS provides resources to stabilize New York City neighborhoods and assist New Yorkers individual to invest in, preserve and improve their Neighborhoods, their Homes and their Future. NHS is a HUD-approved housing counseling agency and a NeighborWorks® Chartered organization. Please visit our website at to learn more.

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About NeighborWorks America: NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. In the last five years, NeighborWorks organizations have generated more than $19.5 billion in reinvestment in these communities. NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals.

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CONTACT: Donna Davis 212-519-2514

Source: NeighborWorks America