DevNW

What DevNW does

DevNW is a nonprofit community development organization incorporated in Oregon (Tax ID: 93-1057296), formed on January 1, 2019 through the merger of Neighborhood Economic Development Corporation (NEDCO) and Willamette Neighborhood Housing Services (WNHS), combining 60 years of predecessor experience. The organization delivers an integrated portfolio of services across six Oregon counties (Lane, Benton, Linn, Lincoln, Marion, and Clackamas) through four physical offices (Corvallis, Springfield, Salem, Oregon City) plus webinar delivery, with bilingual English/Spanish service. Core offerings span four categories: Financial Wellbeing (HUD-certified counseling, Financial Foundations and Homebuying Foundations classes, foreclosure avoidance, workplace Financial Foundations at Work, and partnership referral programs); Affordable Homes (approximately 400 owned rental units, Community Land Trust homes with 99-year ground leases creating perpetual affordability, commercial real estate development, and Youth Housing Initiative programs in two counties); Access to Funds (Individual Development Accounts with 5:1 matched savings up to $6,000, downpayment assistance of $5,000-$150,000, 0% home repair loans, and affiliated Community LendingWorks CDFI providing credit-builder, consumer, auto, micro-business, and small business loans); and Thriving Communities (neighborhood revitalization, community health worker services, and policy advocacy).

Revenue is generated through diversified streams including operating and program grants from NeighborWorks America, state and federal government (Oregon Housing and Community Services, HUD, CDFI Fund), donations and corporate philanthropy (processed via Arreva), a $75 annual DevNW Membership serving as a gateway to counseling and prerequisite for many capital programs, developer fees and rental income from CLT home sales and the ~400-unit affordable rental portfolio, and loan interest and origination fees from Community LendingWorks. The organization's competitive position rests on three difficult-to-replicate regulatory credentials (HUD-approved housing counseling, NeighborWorks Chartered Member, and CDFI certification via CLW), deep community relationships from six decades of legacy work, and integrated service bundling unmatched by single-purpose nonprofits. Subsidiaries include Community LendingWorks (CDFI sharing CEO/COO/CFO with DevNW) and Neighborhood Building Corporation (real estate development and construction), with active development pipelines of ~70 CLT homes scheduled for delivery between 2025 and 2027.

The go-to-market motion combines direct-to-consumer enrollment through the website and registration portal with community-led outreach via referral partnerships with social service agencies, healthcare providers, schools, employer partnerships, and grassroots neighborhood engagement. Customers are primarily low- and moderate-income individuals and families at or below 80-100% of Area Median Income, first-time homebuyers, young adults aged 16-24, small businesses in underserved neighborhoods, youth experiencing homelessness, and special needs populations including elderly and disabled households. Notable organizational metrics include 155+ homes built and sold through CLT and homeownership programs, ~400 affordable rental units owned and managed, and an active 2020 Wildfire Downpayment Assistance program offering up to $150,000 to disaster survivors across five Oregon counties.

Name

DevNW

Legal name

DevNW

Website

https://devnw.org

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

DevNW is an Oregon nonprofit community development organization formed in 2019 that delivers HUD-certified financial counseling, affordable rental housing (~400 units), Community Land Trust homeownership, matched-savings programs, and CDFI lending to low- and moderate-income individuals, families, and small businesses across six Oregon counties.

Ownership category

akta.pro rank

Product category

Community Development and Affordable Housing Services

NAICS

Other Individual and Family Services (624190), Emergency and Other Relief Services (624230), Other Grantmaking and Giving Services (813219)

SIC

Services-Social Services (8300)

akta.pro primary industry

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

akta.pro secondary industries

Housing Assistance & Homeless Services (BPAGAEAB), Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Disability Services & Independent Living Support (BPAGACAG)

Keywords

• Affordable housing development
• Financial counseling services
• Community development lending
• Homeownership education programs
• Downpayment assistance programs

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, Others, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Grants and Government Funding: DevNW receives operating and program support from NeighborWorks America, local/state/federal programs, public and private grants, and government tax credit programs. Capital for housing development is sourced from public and private grants, Community Development Block Grants, and federal disaster recovery funds (e.g., ReOregon wildfire assistance).
2. Individual Donations and Corporate Philanthropy: One-time and recurring gifts from individuals, corporations, and foundations. Gifts from Donor Advised Funds (DAFs) and IRA charitable distributions (for donors 70.5+). Tax ID: 93-1057296. Online giving processed via Arreva platform.
3. DevNW Membership Fees: $75 annual membership fee per household, providing unlimited financial counseling, homeownership counseling, and classes for one year. Membership is a prerequisite for IDA program enrollment and many downpayment assistance programs.
4. Developer Fees and Housing Project Income: Fees earned from developing affordable housing projects, including new construction and rehabilitation. Income from housing operations (rental revenue from owned units) and developer fees from CLT home sales. DevNW owns and operates nearly 400 rental units generating ongoing revenue.
5. Community LendingWorks Loan Products: Community LendingWorks (CLW), a formally affiliated separate nonprofit sharing DevNW's CEO/COO/CFO, provides credit-builder loans, consumer loans, auto loans, micro-business loans, small business loans, small business equity investments, and affordable housing finance. CLW generates revenue through loan interest and origination fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels9 records

Core offering

DevNW is a nonprofit community development organization that provides financial wellbeing services (financial and homeownership counseling, classes), affordable housing (Community Land Trust homes for sale and ~400 rental units), access to capital (Individual Development Accounts with 5:1 matching, downpayment assistance, home repair loans, and credit-builder and small business loans via the affiliated Community LendingWorks CDFI), and community revitalization programs (Youth Housing Initiatives for homeless youth, neighborhood revitalization, community health worker services, and advocacy) across six Oregon counties. A $75 annual household membership serves as the gateway to most counseling and class offerings, with select programs (foreclosure counseling, wildfire disaster assistance) provided free.

Product overview

DevNW is a nonprofit organization created in 2019 through the merger of NEDCO and Willamette Neighborhood Housing Services, offering a comprehensive suite of financial wellbeing, affordable housing, and community development services across Oregon. The core offerings include DevNW Membership (annual $75 household membership), Financial Wellbeing programs (personal finance counseling and homeownership education), Access to Funds (Individual Development Accounts with 5:1 matching, downpayment assistance, home repair loans), and Affordable Homes (CLT homes for sale, commercial real estate, and nearly 400 rental units). DevNW also operates Community LendingWorks as a separate CDFI nonprofit providing credit-builder and small business loans. Related services include Thriving Communities (neighborhood revitalization, health navigation, advocacy), Youth Housing Initiatives for homeless youth, and workplace financial wellness programs.

Differentiator

Problem solved

Functional benefit

Products and services

• DevNW Membership Annual $75 household subscription that unlocks unlimited one-on-one financial counseling, homeownership counseling, and access to all DevNW classes and workshops for one year; serves as the entry point to IDA enrollment and most downpayment assistance programs.
• Personal Finance Counseling and Classes One-on-one financial counseling and topical classes covering budgeting, cash flow, debt, savings, credit, retirement planning, asset protection, investing, and Social Security; available to DevNW Members in English and Spanish via webinar and in person.
• Homeownership Education and Counseling HUD-approved homeownership counseling and Homebuying Foundations class for first-time homebuyers covering financial preparation, mortgages, real estate shopping, home inspections, closing, and home insurance; qualifies clients for Oregon downpayment assistance and IDA programs.
• Foreclosure Avoidance Counseling Free foreclosure avoidance counseling for Oregon homeowners including assistance with loan modifications, forbearance, short sale referrals, and bankruptcy attorney referrals.
• Financial Foundations at Work Workplace financial wellness program that brings DevNW's Financial Foundations classes and one-on-one financial coaching to employer workplaces as a benefit for employees; sold to dozens of Oregon employers.
• DevNW Partnership Class & Counseling Referral partnership program for social service agencies, healthcare providers, schools, and community organizations to direct their clients to DevNW's personal finance classes, homeownership counseling, and Individual Development Account access.
• Individual Development Account (IDA) Matched Savings Program Matched savings account program providing a 5:1 ratio match up to $6,000 for qualifying Oregonians saving toward homeownership, education, vehicle, microenterprise, or other asset-building goals; requires Financial Foundations class completion and 8 hours of asset-specific education.
• Downpayment Assistance Interest-free downpayment and closing cost assistance loans (typically $5,000–$10,000) for first-time homebuyers at 80–100% AMI, repaid with shared appreciation upon sale or refinance; integrated with Homebuying Foundations class and DevNW Membership.
• 2020 Wildfire Downpayment Assistance First-time homebuyer downpayment assistance up to $150,000 (interest-free loan) for households impacted by the 2020 Oregon wildfires in Clackamas, Linn, Marion, Lane, and Lincoln counties; funded through ReOregon federal disaster recovery funds.
• Linn-Benton-Lincoln County Home Repair Program 0% interest loans with no minimum monthly payments for low-to-moderate-income homeowners in Linn, Benton, and Lincoln counties to fund necessary home repairs.
• Community LendingWorks Loans Separate nonprofit CDFI providing credit-builder, consumer, auto, micro-business, small business, small business equity, and affordable housing loans to people and businesses excluded from mainstream finance; shares DevNW's CEO, COO, CFO, and several board members.
• Affordable Rental Housing Affordable rental apartment portfolio across Corvallis, Eugene/Springfield, Lebanon, and Sweet Home, including units for elderly, disabled, veteran, and special-needs populations; properties managed by Cascade Property Management or self-managed with on-site coordinators (Polk Street, Stonebrook, Stone Street Group Home, Sycamore Apartments).
• Community Land Trust (CLT) Homes for Sale Community Land Trust homes sold to qualifying moderate-income first-time homebuyers; DevNW retains the land in trust via a 99-year ground lease and sells the home, creating perpetual affordability for successive buyers with a controlled resale formula.
• Commercial Real Estate Development Development of commercial buildings (new construction and rehabilitation) to revitalize neighborhoods and provide space for local entrepreneurs and small businesses; includes the Southtown Corvallis ~12-acre Major Neighborhood Center master plan.
• Youth Housing Initiative (Clackamas County) Program helping youth ages 16–24 experiencing homelessness or fleeing domestic violence in Clackamas County find housing, providing up to two years of rent assistance, housing placement, and goal-focused case management as part of the county's Continuum of Care.
• Youth Housing Initiative (Lane County) Housing assistance for youth ages 16–24 experiencing homelessness in Lane County, providing connections to rent assistance, problem-solving, eviction support, and short- or long-term housing support through the Lane County Continuum of Care.
• Health Navigation & Resident Services Community Health Worker program providing residents of DevNW affordable housing properties with health referrals, social services connections, wellness goal-setting, community activities, and on-site programming.

Quantifiable outcome

• 5:1 matched savings ratio for IDA participants — $6,000 in matching funds earned upon reaching a $1,200 personal savings goal
• +4 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered minor, core and major.

• Oregon State University and Local SchoolsminorStrategic or Co-development Partner · 1 January 2019DevNW's Youth Financial Foundations program is brought to schools and youth groups across Benton, Clackamas, Lane, Lincoln, Linn, Marion, and Polk counties. Contact Ross Kanaga ([email protected]). The program targets youth ages 16-24 and is designed for school and community group delivery.
• Southtown Corvallis Property Owners (Master Plan Partnership)minorStrategic or Co-development Partner · 1 January 2017In 2017, DevNW purchased the old New Holland Tractor site in South Corvallis (~12 acres zoned for a 'Major Neighborhood Center'). DevNW is actively working with other property owners to create a master plan for the whole site, the first step toward developing a town center for South Corvallis. This is an ongoing multi-stakeholder development collaboration.
• Community LendingWorks (CLW)coreStrategic or Co-development Partner · 1 January 2011Community LendingWorks was founded in 2011 by NEDCO (one of two nonprofits that became DevNW) as a separate 501(c)(3) nonprofit CDFI. CLW and DevNW are formally affiliated — they share the CEO (Emily Reiman), COO (Jayson Matthews), CFO (Craig Johnson), and several board members. In partnership with DevNW, CLW provides credit-builder loans, consumer loans, auto loans, micro-business loans, small business loans, small business equity investments, and affordable housing finance to people and small businesses often excluded from mainstream financial services.
• Whiteaker Neighborhood Community OrganizationsminorStrategic or Co-development Partner · 1 January 2011DevNW's predecessor NEDCO got its start in Eugene's historic Whiteaker Neighborhood, where it rehabbed several landmark buildings including the Red Barn Natural Grocery Store, Baldwin Market Building, and current homes of Pizza Research Institute and Izakaya Meiji. This past focus neighborhood remains a DevNW success story in community-driven revitalization.
• BencocoreStrategic or Co-development Partner · 1 January 1999Benco is a private nonprofit providing residential, vocational, and employment services to residents of Benton County with developmental disabilities. Benco provides 24-hour staffing at DevNW's Stone Street Group Home and Sycamore Apartments, while DevNW self-manages the properties. This partnership enables DevNW to provide specialized housing with on-site supportive services for a vulnerable population.
• Cascade Property ManagementcoreImplementation/ SI/ Consulting PartnerCascade Property Management handles leasing, tenant screening, and ongoing property management for most DevNW-owned rental properties. Properties managed by Cascade include Julian Hotel Apartments, Lancaster Bridge, Seavey Meadows, Alexander Court, Larson Commons, Pickford Leonard, South Corvallis Townhouses I and II, and others. Some properties have on-site coordinators.
• Linn-Benton Housing Authority (L-BHA)majorStrategic or Co-development PartnerDevNW and the Linn-Benton Housing Authority co-own Camas Commons property in southwest Corvallis. L-BHA also administers pre-applications for some DevNW properties (e.g., Julian Hotel Apartments) and manages project-based Rental Assistance (RA) waitlists. L-BHA is a key public-sector partner in affordable housing development and tenant placement.
• Lane County Human Services DivisionmajorStrategic or Co-development PartnerLane County Human Services Division is a key referral and funding partner for the 2020 Wildfire Downpayment Assistance program, serving households who lived in Lane County during the 2020 wildfires. Lane County Human Services receives CDBG-DR funds from Oregon Housing and Community Services to distribute through local agencies including DevNW.
• Community Services Consortium (Lincoln and Linn Counties)majorStrategic or Co-development PartnerCommunity Services Consortium serves as the local agency for Lincoln and Linn counties in the 2020 Wildfire Downpayment Assistance program. Contact: [email protected], 458-239-2017. Also provides weatherization, utility assistance, and other social services that complement DevNW's programming in these rural counties.
• Clackamas County Continuum of CarecoreStrategic or Co-development PartnerDevNW's Youth Housing Initiative (YHI) in Clackamas County is part of the county's Continuum of Care, which serves people experiencing homelessness or at risk of losing housing. YHI helps youth ages 16-24 experiencing homelessness or fleeing domestic violence. The Continuum of Care coordinates housing interventions across multiple agencies.
• Lane County Continuum of Care / Front Door AssessmentcoreStrategic or Co-development PartnerDevNW's Youth Housing Initiative in Lane County is part of the county's Continuum of Care system. YHI receives referrals from the Lane County Front Door Assessment (FDA) program. Case managers receive referrals in order from HMIS and contact families within 14 days. Multiple partner agencies (Catholic Community Services, St. Vincent De Paul, Looking Glass, etc.) participate in the coordinated entry system.
• Oregon State Homeownership Councils and Participating LendersminorChannel Partner/ Reseller/ DistributorDevNW's Homebuying Foundations class and counseling qualify clients for Oregon Housing and Community Services (OHCS) programs including the Flex Lending Program and Bond Residential Loan Program. Clients must work with a participating lender to access these programs. DevNW provides the education/counseling layer while lenders originate the loan products.
• Sprout Food Hub Tenants and Hatch Business Incubator ClientsminorStrategic or Co-development PartnerThe Sprout Food Hub in Springfield (developed by DevNW/NEDCO in 2011, sold in 2017 and rebranded Public House) housed a food business incubator, restaurants, and an event center. Hatch Business Incubator clients (e.g., Leela's Kitchen) launched food businesses in the space. The Sprout Food Hub was a key anchor of downtown Springfield revitalization.
• Local Governments (City of Corvallis, City of Eugene, Lane County, etc.)majorStrategic or Co-development PartnerDevNW works closely with local governments and planning departments on neighborhood revitalization projects, affordable housing development approvals, and community development block grant programs. The Southtown Corvallis master planning effort involves coordination with City of Corvallis planning authorities. Past projects in Springfield and Eugene involved municipal partnerships.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Community Frameworks: Community Frameworks is a Washington-state NeighborWorks-affiliated nonprofit providing homeownership counseling, IDA programs, and affordable housing development in the Pacific Northwest — directly comparable mission and product set, but serving the adjacent geography of Washington rather than Oregon.

Direct peers

• Craft3: Craft3 is a Pacific Northwest CDFI providing consumer, small business, and affordable-housing loans to underserved communities — directly comparable to DevNW's affiliate Community LendingWorks on lending products, mission, and federal CDFI funding model.
• CASA of Oregon: CASA of Oregon is a statewide nonprofit that develops affordable rental housing, operates service-enriched communities for seniors and farmworkers, and provides resident services — directly comparable to DevNW's affordable-rentals + supportive-services model across rural Oregon.
• Habitat for Humanity Portland Region: Habitat for Humanity Portland Region builds and sells affordable homes to low- and moderate-income first-time homebuyers in Oregon, with HUD-approved counseling support services — directly comparable to DevNW's CLT homeownership and counseling model in the same Pacific Northwest market.
• NeighborWorks of Oregon: NeighborWorks of Oregon is the statewide intermediary that supports NeighborWorks chartered members (including DevNW) and itself provides HUD-approved counseling, foreclosure prevention, and IDA programs — directly comparable on certification scope, counseling services, and target population.
• Innovative Housing Inc. Innovative Housing is a Portland-based nonprofit developer and operator of affordable and supportive housing for people with developmental disabilities, veterans, and low-income households — directly comparable to DevNW's Stone Street Group Home, Sycamore Apartments, and special-needs rental portfolio (Benco partnership).

Emerging players

• JOIN (Portland): JOIN is a Portland-based housing-focused nonprofit serving people experiencing homelessness with rent assistance, case management, and employment pathways — comparable as an Oregon-based social-services nonprofit addressing housing instability, though operating in a more urban geography than DevNW's mid-Willamette Valley footprint.
• Micro Enterprise Services of Oregon (MESO): MESO is an Oregon-based nonprofit and CDFI providing microbusiness lending, IDA programs, and small-business support to underserved entrepreneurs — directly comparable to DevNW's Community LendingWorks micro/small-business loan products and IDA matched-savings for microenterprise goals.

Broad incumbents

• Network for Oregon Affordable Housing (NOAH): NOAH is a statewide Oregon nonprofit intermediary that finances and advocates for affordable rental housing preservation and development — comparable to DevNW's affordable-housing development and OHCS policy-advocacy work at the state-system level.
• Housing Authority of Clackamas County: Housing Authority of Clackamas County is DevNW's named partner (L-BHA) and a broad public-sector affordable housing and voucher administrator — comparable as a larger incumbent operating in the same property set-asides, project-based rental assistance, and Continuum of Care system that DevNW operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/devnorthwest
• Instagraminstagram.com/devnorthwest
• LinkedInlinkedin.com/company/neighborhood-economic-development-corporation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

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 DevNW