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ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
 
Program Assessment

Program

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Neighborhood Reinvestment Corporation

Neighborhood Reinvestment Corporation seeks to promote reinvestment in urban, suburban and rural communities by local financial institutions working cooperatively with residents and local government. It funds 235 organizations, monitors their progress, and provides grants and consulting services.

Rating

What This Rating Means

PERFORMING
Moderately Effective

In general, a program rated Moderately Effective has set ambitious goals and is well-managed. Moderately Effective programs likely need to improve their efficiency or address other problems in the programs' design or management in order to achieve better results.
  • Neighborhood Reinvestment Corporation's purpose is clear in addressing neighborhood decline, a need that is evidenced in part by low homeownership rates in high-poverty areas. It forms strong partnerships with a variety of national and local organizations to leverage its investments and monitors the progress of its grantees. It consistently meets its annual performance goals.
  • While it successfully targets populations of need (first-time homeowners, minorities and low-income households), it is less successful at targeting geographic areas of need. This is important because it will assist Neighborhood Reinvestment Corporation in assessing what programs best address neighborhood decline.
  • While Neighborhood Reinvestment Corporation has good long-term goals and several annual performance measures that follow the output of it and its partners, it lacks measures that focus on neighborhood change or outcomes in lives of those it assists.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Requiring their organizations to report their exact geographic service area in relation to HUD's underserved definition.
  • Developing more rigorous short-term and long-term indicators of its organizations' accomplishments by measuring change at individual, household, or neighborhood level.
  • Testing and refining its set of indicators that best describe successful community development and determining targets for performance and outcome measures based on this set of indicators.

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