Press Release

Aeon receives $550,000 from NeighborWorks America in flexible grants

Minneapolis – Aeon, a member of the NeighborWorks network, is receiving $550,000 in flexible grants from the Neighborhood Reinvestment Corporation, dba NeighborWorks America. This generous support will bolster Aeon’s work to create and sustain quality affordable homes for thousands of our neighbors.

“It is undeniable that we have a crisis in affordable housing in this country, and that is why I am so glad Aeon is receiving this grant,” said Congressman Keith Ellison. “It will serve as an important step toward reducing the hardship that too many families face and supporting Aeon’s work to generate new stability and opportunity for our neighbors.”

Aeon joined the NeighborWorks network in 2010 and has used NeighborWorks funds to power its mission and provide staff development. With NeighborWorks’ latest grants, Aeon will continue to preserve existing and build new affordable homes.

“Since 2010, NeighborWorks’ steady support has helped Aeon add more than 2,000 affordable apartment homes to the Twin Cities region,” said Alan Arthur, President and CEO of Aeon. “We thank NeighborWorks for the funding to make our work possible so that our residents can find the stability of home.”

NeighborWorks America has announced $65 million in grants to its network of more than 240 nonprofit organizations located around the country. NeighborWorks organizations will use the grants to develop and manage high-quality affordable homes, help consumers set and reach their goals through financial coaching, offer homeownership education and counseling, and revitalize and strengthen communities.

“NeighborWorks America is committed to ensuring our investments are working in ways that improve people’s lives,” said Jeffrey Bryson, NeighborWorks America interim president and chief executive officer.

In fiscal year 2017, the NeighborWorks network counseled 181,400 families and individuals on financial capacity, pre-purchase, post-purchase, or foreclosure issues; owned and managed 165,500 rental homes; and created more than 43,000 jobs.

For more information about Aeon visit Aeon.org. For more information about NeighborWorks America go to NeighborWorks.org.

About Aeon

Aeon is a nonprofit developer, owner and manager of high-quality affordable apartments and townhomes which serve nearly 8,000 people annually in the Twin Cities area. Since 1986, Aeon has been committed to helping people create homes where they feel safe and connected to the community around them. We believe that home changes everything.