Neighborhood Development Alliance Inc

Real estate development and housing preservationcreating stability. Preserving affordability. Investing in community.neda advances equitable development by constructing, rehabilitating, and managing affordable housing for families and seniors. Since 1990, neda has developed or preserved 200+ affordable homes, leveraging $55 million in public funding.current portfolio highlights:* villa del sol (40 units): deeply affordable family housing in a cultural corridor.* bluff homes (73 units): scattered-site townhomes for wokring families. * stryker senior housing (57 units): affordable senior housing with 75% of units below 30% ami.* the terraces (35 units): two developments providing permanent housing for families under 50% ami.* wabasha center: neda's headquarters and a culturally rooted early learning center serving 75+ somali families.cdfi lending for preservation:through its cdfi arm, centro de finanzas, llc:* $200,000 in home improvement loans issued to 10 low income homeowners, enabling urgent repairs and supporting safe, stable aging in place.community assessment & equity focus:neda's services address systemic barriers such as limited english proficiency, credit invisbility, and lack of generational wealth.* 91% of clients identify as bipoc* 80% of supported businesses are bipoc owned* many clients are new to financial systems, homeownership, or entrepreneurshipprograms are designed to close racial wealth gaps and expand equitable access to capital.policy advocacy:neda actively contributes to housing justice initiatives:* helped secure $50 million in state funding for the first generation homebuyers down payment assistance fund* advocated for equitable housing finance tools and entry-level home production* participated in cfpb field hearings alongside u.s. Senator tina smith to combat predatory lending practices affecting latino and somali households.community engagement & strategic partnerships:neda conducted 100+ hours of outreach, education, and navigation support - reaching approximately 1,600 residents, with intentional focus on spanish-speaking and first generation families.key partnerships include:* lutheran social service: debt reduction and financial coaching* esperanza united: trauma-informed services for survivors of domestic violence* ramsey county & city of saint paul: equitable housing recovery* mn homewonership center: scalable education delievery* u of m extension: financial capability programmingcommunity events & campaigns:* "know your rights" media campaign: bilingual campaign on tenant/homeowner protection* dia de los muertos celebration: clothing and resource drive for 100+ individuals* la nueva esperanza support group: space for spanish-speaking cancer patients* night of unity: launched raices sagradas mental health support group, engaged latino leaders in collective visioningthese events reflect our shared belief in healing, dignity, and hope during life's most difficult moments. Fair housing education:* 16+ workshops on credit, budgeting, tax prep, and retirement in english and spanish* hosted bilingual modulos de finanzas at churches, schools, and community events* convened local lenders and agents to expand itin access and inclusive mortgage practicesneda equips families with the tools to assert their rights, navigate systems, and build financial security.looking ahead:neda remains focused on scaling impact through data-driven, equity-centered solutions that advance homeownership, community wealth, and financial resilience for historically excluded families.