Nehemiah Corporation of America
Nehemiah Corporation of America is a non-profit organization based in Sacramento, California specializing in homeownership, affordable housing and community development. It started in 1994 as a small organization, but grew to prominence later in the 1990s after it developed a program that allowed home buyers to make down payments on their purchases using funds that were derived from the home sellers. This program, the Nehemiah Program, became popular and was widely emulated, giving birth to what came to be known as the seller-funded down-payment assistance industry. The industry attracted criticism from U.S. federal agencies (particularly the Government Accountability Office and the Internal Revenue Service) and was ultimately shut down in 2008 by a change in federal law.
Naughty America
The company was founded in June 2001 with a small staff under the brand name SoCal Cash and changed its name to Naughty America in March 2004. The date 1776 in its logo refers to the United States Declaration of Independence in which Thomas Jefferson declared the right of “Life, liberty, and the pursuit of happiness.”