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.
American News Company
The American News Company had its roots in two New York City newspaper and periodical wholesaling firms: Sinclair Tousey's company on Nassau St., and the firm Dexter, Hamilton & Co. at 22 Ann St. These were the two largest news and periodical wholesalers in New York City at the time of their merger on Feb. 1, 1864, when American News Company was formed. The seven original partners were Sinclair Tousey, John E. Tousey, Harry Dexter, George Dexter, John Hamilton, Patrick Farrelly, and Solomon W. Johnson. These partners formed the core of the company's management until the death of the last surviving partner, Solomon Johnson, in 1913. Sinclair Tousey was the company's first president, followed after his death by Harry Dexter, who was succeeded by Solomon Johnson.