/EINPresswire.com/ -- WASHINGTON, DC--(Marketwired - November 28, 2016) - NeighborWorks America announced that the application period is open beginning November 28 for one-time grants to revitalize distressed communities suffering from the direct and/or indirect effects of the foreclosure crisis. Projects proposed should support and further existing multi-faceted, place-based initiatives working to transform communities. The one-time grants are part of Project Reinvest, a limited and targeted program from NeighborWorks America, not related to its core grant operations.

An informational webinar to guide applicants through the process is scheduled for December 1 at 3pm, EST. The application period closes 8:00 pm, EST on January 9. Grantee awards are expected to be announced in April 2017.

More information about this program and the informational webinar can be found here.

About NeighborWorks America
For more than 35 years, NeighborWorks America, a national, nonpartisan nonprofit, has created 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 $27.2 billion in reinvestment in these communities. NeighborWorks America is the nation's leading trainer of community development and affordable housing professionals.