Community Neighborhood Housing Services (CNHS) has provided 30 years of homeownership services and programs to the residents of Saint Paul and the surrounding local suburbs. Founded in 1981 by a group of Saint Paul West Side residents as a 501(c)3 non-profit lender, its focus was on providing affordable lending supported by funds from the City of Saint Paul for home improvement loans. In 1982, CNHS became an affiliate of NeighborWorks America and a member of the national NeighborWorks Network. For 8 years CNHS participated in the NeighborWorks national initiative "Campaign for Homeownership. Goals were set for new homeowners around the country during this time that were handily exceeded. CNHS has always been proud of the number of new homeowners it assists. In 2007, CNHS was designated as a NeighborWorks Home Ownership Center.
In July 2001, the U.S. Department of the Treasury certified CNHS as a Community Development Financial Institution (CDFI). This designation means that CNHS meets the Treasury's rigorous criteria as an accountable community development organization within low-income markets and is eligible for additional federal assistance. As a result of this designation, several local financial institutions invested in CNHS to help us with our community development efforts particularly in the area of lending.
In the last 5 years, CNHS has invested more than $166 million into the neighborhoods of the Twin Cities. As the lending environment changes and the number of foreclosures increases, CNHS is stepping up to the new demands of the market to help families keep and maintain their homes. Foreclosure prevention counseling is available and families that have adjustable rate mortgages can talk with financial counselors about the affordability of their loans. Despite the gloom and doom the media is presenting to the public, it is still a good time to purchase a home. Interest rates are low, prices are stabilizing, and there are many houses to choose from in all price ranges. CNHS provides services for families of diverse economic and cultural backgrounds to keep them abreast of current opportunities and challenges and help them stay financially healthy as they make the biggest purchase in their lives and pursue the American Dream. – less – More from ZoomInfo »