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.
Nelson Rockefeller
Back in the metropolis in mid-1945, Rockefeller served as Chairman of Rockefeller Center, Inc., (1945–53 and 1956–58) and began a program of physical expansion. He established the American International Association for Economic and Social Development (AIA), in 1946, and the International Basic Economy Corporation (IBEC), in 1947 to jointly continue the work he had begun as Coordinator of Inter-American Affairs. He intermittently served as president of both through 1958. AIA was a philanthropy for the dissemination of technical and managerial expertise and equipment to underdeveloped countries to support grass-roots efforts in overcoming illiteracy, disease and poverty. IBEC was a for-profit business that established companies that would stimulate underdeveloped economies of certain countries. It was hoped the success of these companies would encourage investors in those countries to set up competing or supporting businesses and further stimulate the local economy. Using AIA and IBEC Rockefeller established model farms in Venezuela, Ecuador, and Brazil. He maintained a home at Monte Sacro, the farm in Venezuela.