NEDCO Forms Community LendingWorks
Community LendingWorks is a NEDCO affiliate nonprofit corporation that helps people move out of poverty and into the financial mainstream. We do this by developing customized financial tools to help people work their way toward financial stability, and by financing community and economic development, healthy food access and real estate projects in distressed neighborhoods. Our primary aim is to serve individuals and families who lack the financial acumen and resources to build the assets they need in order to break the cycle of poverty for themselves and their children.
These families could be working toward any number of goals, including moving toward the financial mainstream by developing better credit; developing a small business; preparing to purchase a home; maintaining responsible homeownership and a number of other regular financial needs that are not currently met in the marketplace.
Our programs are tailored to suit the needs and circumstances of the people we are empowering to succeed. Offerings include:
- Credit Builder Loans - for people with no credit or damaged credit to build or rebuild their credit.
- Personal Loans - loans for people with financial needs not traditionally served by the financial mainstream.
- "Family" Loans - short term loans for basic financial needs. This product serves as a substitute for wealth-stripping loans that are typically available to low-income, low-wealth people in a pinch.
- Micro and Small Business Loans - for entrepreneurs and vendors who need access to small capital as a piece of financing a larger project, to help launch a small business or to provide up-front capital for seasonal production.
- Home Mortgage and Home Rehab Loans - affordable, safe loans for homeowners to attain and maintain stable, responsible homeownership.
- Green Loans - to support financing of energy efficiency, solar and other renewable energy improvements to residential properties.
For people aspiring to prosperity, Community LendingWorks is the lender that delivers customized financial tools designed to meet people where they are to help them move to where they want to be. Only Community LendingWorks designs a pathway to financial stability and economic health for individuals, families and communities - regardless of where they are starting out. Coupled with NEDCO's financial literacy, homeownership and microenterprise education and counseling; individual development accounts (matched savings toward the purchase of a specific asset); and the relationship we develop with clients, Community LendingWorks helps people get off to a solid start toward building their financial future.
We welcome your support of this organization! Your tax deductible donation can be made to NEDCO, a 501c3 nonprofit, and restricted to Community LendingWorks.
NEDCO Launches Down Payment Assistance Program
We are proud to announce a new down payment assistance program. Up to $5000 per qualifying household is available to help minority and rural first time homebuyers reach their dream of owning a home.
| 
contact us