NeDA builds affordable housing and empowers communities to create sustainability through financial education and guidance.
During the mid-80s, community members saw the need for quality and affordable real estate development on the West Side of Saint Paul. NeDA officially formed in 1989 to make this vision happen. We kick started the development of both housing and commercial buildings, via rehab work and new construction. Since then NeDA has built multiple developments of affordable rental property which we currently manage, created over 90 ownership units for families, and assisted hundreds of homeowners with home rehabilitation projects. We care strongly about the creation of community-conscious development work.
In the 1990s, NeDA expanded the scope of our efforts, launching our bilingual home ownership and financial education programming. Our organization is now the lead entity providing culturally specific financial education services to the Latino community in the seven county metro area. We guide families on how to successfully purchase their first home, offering one-on-one coaching and group education opportunities. We also provide support to current homeowners in financial crisis to avoid foreclosure on their homes. Additionally, NeDA also offers a full-spectrum of financial & credit counseling. We are a HUD-certified counseling agency with multiple staff members holding certification through the National Foundation for Credit Counseling to provide financial counseling. We are passionate about making sure our counseling and development work is relevant, sustainable, and creates positive change in the lives of the families we serve.
WHAT WE'VE ACHIEVED
175 homes built or rehabilitated on the West Side of Saint Paul, Minnesota
$30,000,000 of real estate development in the East Metro area
4,500 individuals counseled on how to safely and successfully buy a home
5,000 families who avoided foreclosure of their homes
Over 1,000 youth and adults educated with personal finance know-how
Nearly $500,000 of debt repaid through our financial tools