NEDCO (Neighborhood Economic Development Corporation)

What NEDCO (Neighborhood Economic Development Corporation) does

DevNW (formerly NEDCO - Neighborhood Economic Development Corporation), founded in 1979 and headquartered in Corvallis, Oregon, is a nonprofit community development financial institution (CDFI) and chartered member of NeighborWorks America that delivers integrated financial wellbeing, affordable housing, lending, and community development services to individuals, families, small businesses, and neighborhoods across Oregon. The organization operates through four physical offices (Corvallis, Oregon City, Salem, Springfield) and organizes its offering into four service pillars: Financial Wellbeing (homeownership education, personal finance counseling, foreclosure avoidance, DevNW Membership, Financial Foundations at Work employer program, and partnership counseling); Affordable Homes (affordable rental units, Community Land Trust homes for sale, and commercial real estate development); Access to Funds (Individual Development Accounts with matched savings, downpayment assistance, Community LendingWorks consumer and small business loans, home repair programs, and emergency/wildfire assistance); and Thriving Communities (neighborhood revitalization, health navigation, and advocacy). DevNW holds Equal Housing Lender status (NMLS#260098) and operates as an Equal Housing Opportunity lender compliant with federal housing regulations.

The underlying delivery model is community-led rather than technology-led: services are provided through in-person classes, one-on-one counseling, walk-in and appointment-based office visits, and employer partnerships, with bilingual English/Spanish capacity. No proprietary technology platform, AI/ML capabilities, or digital-first product surface is referenced in available materials. DevNW generates revenue through a mix of interest on consumer and small business loans, downpayment and matched-savings program activity, rental income from owned affordable housing units, home sales under the Community Land Trust model, and grant-funded program delivery. Pricing for counseling and education services is not publicly disclosed and is likely offered on a sliding scale, free, or grant-funded basis consistent with nonprofit CDFI norms. Distribution is direct-to-community through offices, classes, neighborhood programs, employer partnerships, and partner referrals, supplemented by a website, email newsletter, Facebook, and Instagram for awareness and engagement.

Name

NEDCO (Neighborhood Economic Development Corporation)

Legal name

DevNW

Website

https://nedcocdc.org

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

DevNW (formerly NEDCO) is an Oregon-based nonprofit CDFI and NeighborWorks chartered member that provides financial counseling, affordable housing, lending, and community development services to low-to-moderate-income individuals, families, small businesses, and neighborhoods across four Oregon offices.

Ownership category

akta.pro rank

Product category

Community Development Financial Services

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Community development lending
• Affordable housing services
• Financial counseling education
• Community land trust
• Small business lending

Headquarters

HQ city

Springfield

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Lending Operations: Community lending services including consumer loans, small business loans, downpayment assistance programs, and Individual Development Accounts (IDAs). Revenue generated through interest on loans and program fees.
2. Affordable Housing Operations: Development, ownership, and management of affordable rental housing and homes for sale through Community Land Trust (CLT) model. Revenue from rental income and home sales.
3. Community Development Programs: Grant-funded and fee-for-service community development programs including foreclosure avoidance counseling, financial education, and neighborhood revitalization services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

DevNW (formerly NEDCO) is a nonprofit Community Development Financial Institution (CDFI) that provides affordable housing development and management, consumer and small business lending, matched-savings programs (IDAs), downpayment and home repair assistance, and one-on-one financial counseling and homeownership education to individuals, families, small businesses, and neighborhoods across Northwest Oregon. Services are organized into four pillars—Financial Wellbeing, Affordable Homes, Access to Funds, and Thriving Communities—and delivered through four offices (Corvallis, Oregon City, Salem, Springfield) with bilingual English/Spanish support.

Product overview

DevNW (formerly NEDCO - Neighborhood Economic Development Corporation) is a community development financial institution (CDFI) and NeighborWorks® chartered organization that offers a comprehensive suite of financial wellbeing, affordable housing, access to funds, and community development services. The organization operates as a single integrated platform organized across four service pillars: Financial Wellbeing (education, counseling, and membership programs), Affordable Homes (rental housing, CLT homeownership, and commercial development), Access to Funds (matched savings accounts, home repair programs, downpayment assistance, and community lending), and Thriving Communities (neighborhood revitalization, health navigation, and advocacy). Services are delivered through multiple physical locations in Oregon (Corvallis, Oregon City, Salem, Springfield) and include both individual/family-focused programs and community-level development initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• DevNW Membership

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• NeighborWorks AmericacoreStrategic or Co-development PartnerChartered membership in NeighborWorks America network. NeighborWorks is a national nonprofit that supports community development financial institutions (CDFIs) and housing organizations. DevNW benefits from network resources, best practices, training, and national credibility through this affiliation.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Beneficial State Bank: Pacific Northwest-based CDFI bank (Oregon, Washington, California) focused on community development lending, sustainable finance, and serving underserved communities. Comparable as a PNW CDFI lender with similar mission-driven deposit and loan products.
• Craft3: Pacific Northwest CDFI providing small business, nonprofit, and consumer loans to underserved communities in Oregon and Washington. Comparable as a PNW CDFI lender with similar geographic focus and mission-driven lending products.
• Self-Help Credit Union: CDFI credit union providing consumer, small business, and home loans to underserved borrowers. Comparable as a CDFI lender serving low-to-moderate income communities with homeownership and small business lending products.
• Network for Oregon Affordable Housing (NOAH): Oregon nonprofit providing affordable rental housing development, asset management, and resident services across the state. Directly comparable in scope (affordable housing + resident services) and geography (Oregon).
• Habitat for Humanity Portland Region: Oregon-based Habitat affiliate developing affordable homeownership and offering financial counseling. Comparable as a Pacific Northwest affordable homeownership nonprofit with a community development and homebuyer education model.
• Mercy Housing Northwest: Regional arm of national Mercy Housing developing and operating affordable rental housing in the Pacific Northwest. Comparable in affordable rental development and resident services across Oregon and Washington.
• CASA of Oregon: Oregon-based statewide nonprofit focused on affordable housing development, community lending, and farmworker housing. Directly comparable as an Oregon-focused CDFI/affordable-housing nonprofit combining lending, real estate development, and resident services.

Broad incumbents

• NeighborWorks America: National network supporting over 240 community development organizations, including DevNW. Comparable as the umbrella organization providing training, capital, and standards to chartered members; broader but overlapping in mission and service lines.
• Enterprise Community Partners: National nonprofit developing and preserving affordable housing and advancing community development policy. Comparable mission and service mix (housing development + counseling + advocacy) but operates nationally with substantially larger footprint.
• Local Initiatives Support Corporation (LISC): National CDFI and community development intermediary providing loans, grants, and technical assistance. Comparable in core activities (CDFI lending, affordable housing, neighborhood revitalization) but at national scale and broader portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/devnorthwest
• Instagraminstagram.com/devnorthwest
• Xx.com/nedcocdc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NEDCO (Neighborhood Economic Development Corporation)