Neighborhood Assistance Corporation of America

The Neighborhood Assistance Corporation of America (NACA) is a U.S. nonprofit organization dedicated to economic justice through affordable homeownership and community advocacy. Founded in 1988 by Bruce Marks, NACA seeks to provide affordable housing solutions and financial counseling to ensure that people of all economic backgrounds can purchase their dream homes.

Mission and Objectives

NACA's mission focuses on stabilizing communities through affordable homeownership and advocating for economic justice, particularly for low- to moderate-income families and historically underserved communities. The organization challenges predatory lending practices and promotes fair lending to help close the racial wealth disparity gap.

Programs and Services

NACA Home Purchase Program

• America’s Best Mortgage: This program offers no-down-payment, no-closing-cost mortgages with below-market interest rates, making homeownership more accessible. The loans require no private mortgage insurance and have flexible criteria, focusing more on consistent payment history than credit scores[1][2].
• Comprehensive Counseling: NACA provides extensive housing and financial counseling to prepare potential homeowners for the responsibilities of homeownership[2].
• NACA Membership: Members must pay annual dues and participate in NACA events, including advocacy campaigns[1][2].

Other Initiatives

• Home-Save Program: Offers assistance for homeowners dealing with unaffordable mortgage payments, advocating for permanent loan modifications[2].
• Rental Housing Program: Provides counseling and advocacy for renters, connecting them with rental assistance resources[2].
• Financial Management Assistance: Offers budgeting workshops, debt reduction strategies, and savings plans to help members achieve financial stability[2].

Achievements

NACA has helped hundreds of thousands of individuals achieve homeownership, with over $20 billion in mortgage commitments. The organization has been recognized for its efforts in economic justice through character-based lending, which emphasizes a borrower's character and financial responsibility over credit scores[4]. As of 2025, NACA continues to advocate for affordable housing solutions and challenge predatory lending practices nationwide[3][4].

Impact and Outreach

Since its inception, NACA has expanded nationwide, with events and programs designed to make affordable homeownership accessible to diverse communities. The organization's success is largely attributed to its active membership and engagement in community advocacy efforts[4].