NEDCO offers financial assistance, tools to attain dreams
Loan officer Beth Ross can provide affordable capital
Dreaming of buying car, owning a home or starting a business, but cant save to make those dreams a reality? Help is available through NEDCO (Neighborhood Economic Development Corporation) and Community LendingWorks (CLW).
NEDCO is a U.S. Department of Housing and Urban Development-approved nonprofit organization, which has a mission of helping individuals and families build assets and gain long-term financial stability. NEDCO was established in 1979 as Oregons first Community Development Corporation.
For nearly four decades, NEDCO has revitalized communities, built affordable homes and assisted more than 25,000 people to manage finances and build assets throughout Lane, Marion and Clackamas counties.
The Clackamas County office is located in Oregon City, and Beth Ross is the loan officer at that location. The organization offers education and one-on-one financial coaching, first-time homebuyer counseling and foreclosure intervention services.
NEDCO has launched its reverse mortgage counseling program, providing in-depth analysis and guidance for seniors looking to access reverse mortgages across Oregon.
They also provide access to financial tools, such as down payment assistance or matched savings accounts (IDAs) to help people achieve their financial goals. Through its affiliate nonprofit CLW, they provide access to safe, affordable capital.
Founded in 2011, CLW is a nonprofit Community Development Financial Institution that seeks to provide safe and affordable loan products for low- and moderate-income people.
CLW offers consumer loans, including credit-builder, auto, rental deposit and home repair, and small business loans that translate into community building projects in an effort to create healthy people and neighborhoods. Its loan options aim to help people who may have faced financial challenges in the past or whose capital needs are smaller than larger lending institutions.
CLW believes in potential: Providing access to capital, credit and asset building services that help people work their way toward financial stability.
CLW is growing rapidly and poised to offer its innovative loan products to more people across Oregon than ever before.
The Review, Tidings