Nuestra Comunidad Development Corp

Asset management and resident services lines of business: the asset management program creates action plans tailored for each rental property detailing the key challenges facing the property and the strategy for addressing these challenges. In recent years, the agency has refinanced first mortgages to take advantage of lower interest rates resulting in increased cash flow and freeing up resources for needed repairs and essential resident services. The agency seeks out capital funds for needed repairs and raises funds from each property's reserves and cash flow for these repairs. During the year ended december 31, 2024, asset management activity accounted for approximately 1% of total program expenditures.the resident services program focuses on the residents, both living in the agency's properties and the surrounding underserved neighborhoods by providing community building services that help residents improve the quality of life for their households and their neighborhoods and simultaneously develop neighborhood residents' capacity to lead community development. Outcomes include empowering residents to have pride in their community, and that sustainable businesses meet the needs of community residents and attract other businesses.

Community engagement and housing lines of business: the community building program provides counseling to homeowners and prospective homeowners in particular, and also, more generally, to underserved populations who wish to learn and augment their financial skills and knowledge to achieve identified goals. These programs include first-time homebuyer education and counseling, home equity conversion mortgage or reverse mortgage counseling, foreclosure prevention counseling, and financial education and counseling. In addition, it fosters community leadership and supports community members to have a decisive voice in shaping the future of our communities.

Rental properties - the rental properties through 2024, nuestra comunidad owned and managed 877 residential apartments that provide an affordable home for low-and-moderate-income individuals and families. A nuestra comunidad development corp third party vendor, winn residential, provides property management services on our behalf and works closely with asset management and winn connected communities resident services teams to ensure that our properties provide residents with a high-quality affordable home. Nuestra's properties also include 38 commercial spaces providing affordable rents for boston businesses.