NeighborWorks Southern Colorado

What NeighborWorks Southern Colorado does

NeighborWorks Southern Colorado (NWSoCo) is a Pueblo, Colorado-based 501(c)3 nonprofit founded in 1977 and an affiliate of NeighborWorks America. It serves Southern Colorado with an integrated four-pillar model spanning education, lending, real estate development, and community engagement. Education offerings include free group homebuyer classes in Pueblo, Colorado Springs, and Walsenburg, plus $75 online courses via eHome America and $50–$75 personalized coaching; foreclosure mitigation is delivered by a HUD-certified housing counselor. Lending is operated through wholly-owned subsidiary Southern Colorado Community Lending, LLC (NMLS ID 1575448) and includes down payment assistance, home improvement loans, mortgage origination (FHA, VA, Conventional, USDA), and the BROC small business GAP lending program ($10K–$250K) funded by Pueblo County CDBG dollars. Real estate development includes the completed 90-home Hyde Park Gardens subdivision (2023), the paused Pikes Peak Park master-planned community (600+ units), the Self-Help Opportunity Program (sweat-equity), and a Fannie Mae Duty to Serve-certified Shared Equity Homeownership Program. Community engagement spans food security initiatives (4,410 individuals served FY2024), La Familia Community Garden, and event space rentals. Funding comes from NeighborWorks America grants, HUD programs, Pueblo County CDBG, foundation and corporate sponsorships (INBank, Vectra, Miller Pipeline), fundraising events such as the Celebration of Home Luncheon, and net interest income from the loan portfolio. FY2024 impact included $166M in community investment, 514 homeowners created, 2,333 families educated, and 186 homes preserved.

Name

NeighborWorks Southern Colorado

Legal name

NeighborWorks Southern Colorado

Website

https://nwsoco.org

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

NeighborWorks Southern Colorado is a Pueblo-based 501(c)3 nonprofit that provides homebuyer education, community lending, and affordable housing development for low- and moderate-income families and small businesses across Southern Colorado.

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development Services

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (2372), New Single-Family Housing Construction (except For-Sale Builders) (236115)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Non-Operating Establishments (9995)

akta.pro primary industry

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

akta.pro secondary industries

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Community Centers & Neighborhood Support Services (BPAGAEAL), Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Affordable housing services
• Homebuyer education
• Community development lending
• Down payment assistance
• Foreclosure counseling

Headquarters

HQ city

Pueblo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Infrastructure

Revenue model

1. Donations and Grants: As a registered 501(c)3 nonprofit, NWSoCo is primarily funded through donations and grants. The organization actively solicits charitable contributions via its website and fundraising events.
2. Program Service Fees: Revenue is generated from fees for homebuyer education and coaching programs. Group homebuyer classes are free; online eHome America classes cost $75 per borrower; Homebuyer Development coaching costs $50 (single) or $75 (joint).
3. Community Lending Operations: Southern Colorado Community Lending, LLC (NMLS ID 1575448), an affiliate of NWSoCo, generates revenue through mortgage origination, down payment assistance loans, home improvement loans, and small business (BROC) loans in Southern Colorado.
4. Event-Based Fundraising: Annual fundraising events such as the Celebration of Home Luncheon and 6th Annual Golf Scramble generate revenue through ticket sales, sponsorships, and donations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

NeighborWorks Southern Colorado is a 501(c)3 nonprofit that delivers affordable homeownership and community development services across Southern Colorado, including HUD-certified housing counseling, CHFA-approved homebuyer education, down payment assistance, home improvement lending, BROC small business GAP lending, and FHA/VA/Conventional/USDA mortgage origination through its affiliated Southern Colorado Community Lending, LLC. It also develops deed-restricted affordable housing (Shared Equity Program, SHOP, Hyde Park Gardens, Pikes Peak Park) and runs community engagement initiatives including food security programs.

Product overview

NeighborWorks Southern Colorado operates as a registered 501(c)3 nonprofit organization providing a comprehensive range of housing and community development services. The organization functions as a single integrated platform offering four core service lines: Education (Financial Fitness, Homebuyer Development, Homebuyer Education, Foreclosure Mitigation), Lending (Down Payment Assistance, Home Improvement Lending, Small Business Lending through BROC, and Mortgage Lending including FHA/VA/Conventional/USDA products through Southern Colorado Community Lending LLC), Real Estate Development (Shared Equity Homeownership Program, SHOP Program, Pikes Peak Park Development, Commercial Rentals, Hyde Park Gardens), and Community Engagement (food resources, community events). The organization also offers event space rental and utilizes an online class platform for eHome America courses. With 40+ years of experience as a NeighborWorks America affiliate, NWSoCo serves Southern Colorado from its Pueblo headquarters.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Fitness A group class (in-person or online workshop) that helps individuals develop a vision for their future and gain the confidence and skills needed to achieve financial goals; available to consumers in Southern Colorado.
• Homebuyer Development Coaching Personalized one-on-one coaching for prospective homebuyers including credit report analysis, budgeting, action planning, and pre-purchase preparation; delivered to individuals.
• Homebuyer Education Classes Pre- and post-purchase CHFA-approved group homebuyer classes held in Pueblo, Colorado Springs, and Walsenburg for families pursuing homeownership.
• Foreclosure Mitigation Counseling HUD-certified foreclosure mitigation counseling that bridges communication between clients and mortgage servicers, educating them on loan retention and liquidation options; for at-risk homeowners.
• Down Payment Assistance Loans Down payment assistance or secondary financing at lower interest rates to reduce or eliminate mortgage insurance and lower monthly housing costs; for eligible low- and moderate-income buyers.
• Home Improvement Lending Rehabilitation financing at low interest rates to improve health and safety conditions in homes while helping homeowners build equity; for existing homeowners.
• Small Business Lending (BROC) BROC (Business Resource Oversight Committee) loans of $10,000-$250,000 funded by Pueblo County CDBG and offered in partnership with community banks as GAP financing; for small businesses in unincorporated Pueblo County.
• Mortgage Lending First mortgage loan products including FHA, VA, Conventional (30-year fixed at 3% minimum down), and USDA loans for rural communities; originated through Southern Colorado Community Lending, LLC.
• Shared Equity Homeownership Program Deed-restricted affordable homeownership program that assists low- and moderate-income families in becoming first-time homebuyers while preserving long-term affordability through the secondary market; Fannie Mae Duty to Serve certified.
• Self-Help Opportunity Program (SHOP) Sweat-equity program allowing qualified families to earn $15,000-$25,000 in home equity through 50-100 hours of work toward construction or rehabilitation; for households at or below 80% AMI.
• Pikes Peak Park Development Planned 600+ unit mixed-use, mixed-income residential community on Pueblo's west side targeting homeownership for households between 50-120% AMI; currently paused for planning review.
• Commercial Rental Properties Commercial space rentals of 2,200 sq ft, 536 sq ft, and 1,000 sq ft units at various Routt Ave locations in Pueblo with tenant portal access.
• Hyde Park Gardens Subdivision 90-home subdivision completed in early 2023 on Pueblo's west side, featuring ADA-accessible units and model homes.
• Event Space Rental 110-capacity event room with over 1,600 sq ft of space, full kitchen access, audio/visual equipment, and rolling tables; available for meetings, seminars, and community events.
• Community Engagement Programs Resident engagement initiatives including La Familia Community Garden, Mobile Food Bank, and community events supporting food security and neighborhood vitality; served 4,410 individuals through food initiatives in FY2024.

Quantifiable outcome

• 514 homeowners created in Fiscal Year 2024
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered minor and core.

• Thrive MortgageminorStrategic or Co-development Partner · 11 May 2023Local lender partner that collaborated on the first deed-restricted shared equity home closing in May 2023. Ensured full understanding of the Shared Equity Program underwriting process.
• Land Title Guarantee CompanyminorStrategic or Co-development Partner · 11 May 2023Local title company that partnered on the first deed-restricted shared equity home closing in Pueblo, CO in May 2023.
• Grounded Solutions NetworkcoreStrategic or Co-development Partner · 1 January 2021Provided technical assistance through a NeighborWorks America Shared Equity Grant to help NWSoCo modify the model deed restriction for its Shared Equity Homeownership Program. The model was created in 2021 by Grounded Solutions with support from Fannie Mae and Freddie Mac.
• Fannie MaecoreStrategic or Co-development Partner · 1 January 2021Supported creation of the shared equity model in 2021; NWSoCo received Duty to Serve certification and is listed on Fannie Mae Connect as a certified shared equity program that can be sold on the secondary market.
• Freddie MaccoreStrategic or Co-development Partner · 1 January 2021Supported creation of the shared equity model in 2021 in partnership with Fannie Mae and Grounded Solutions Network.
• NeighborWorks America (NWA)coreStrategic or Co-development PartnerNWSoCo is an affiliate member of NeighborWorks America, a national nonprofit organization focused on community development and homeownership. This affiliation provides access to national resources, proven program models, technical assistance, and shared equity grants.
• HUD (U.S. Department of Housing and Urban Development)coreStrategic or Co-development PartnerNWSoCo has a HUD-Certified Housing Counselor on staff and participates in HUD programs including foreclosure mitigation counseling. HUD income limits data is referenced for program eligibility.
• Southern Colorado Community Lending, LLCcoreStrategic or Co-development PartnerSouthern Colorado Community Lending, LLC (NMLS ID 1575448) is an affiliate of NeighborWorks Southern Colorado providing mortgage lending, down payment assistance, home improvement loans, and small business loans. Regulated by the Colorado Division of Regulatory Agencies. Equal housing lender.
• Caliber Home LoansminorChannel Partner/ Reseller/ DistributorPreferred lender partner for down payment assistance programs. Contact: Ed Posa Jr., (719) 696-2027.
• Cross Country MortgageminorChannel Partner/ Reseller/ DistributorPreferred lender partner for down payment assistance programs. Contacts: Lerea Mares (719) 225-2201, Annette Copeland (719) 671-1192, Eric Copeland (719) 250-1360.
• NFM LendingminorChannel Partner/ Reseller/ DistributorPreferred lender partner for down payment assistance programs. Contact: (626) 388-7640.
• US MortgageminorChannel Partner/ Reseller/ DistributorPreferred lender partner for down payment assistance programs. Contacts: Brian Valdez (719) 244-4640, Pam Gonzales (719) 406-6227, Samara McLeod (719) 320-549, Corinne Brown (719) 406-9048.
• Colorado Division of Regulatory AgenciesminorOthersRegulatory body that regulates Southern Colorado Community Lending, LLC (NMLS ID 1575448) as an equal housing lender.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• NeighborWorks America (network): National umbrella network of more than 250 affiliate community development nonprofits. NWSoCo is itself an affiliate; the network is the closest functional peer for shared program models, branding, and funding access.
• Habitat for Humanity International: National nonprofit that builds affordable homes via volunteer labor and sweat equity and operates local affiliates offering homebuyer education and lending. Closest large-scale peer to NWSoCo's homebuilding, SHOP, and HUD counseling stack.
• Enterprise Community Partners: National CDFI and affordable housing developer combining development, lending, and policy advocacy. Comparable to NWSoCo across the build/lend/educate triad, though operating at national scale.
• Colorado Housing and Finance Authority (CHFA): State housing finance agency providing down payment assistance, mortgage lending, and homebuyer education across Colorado. NWSoCo's CHFA-approved classes and DPA programs route directly through this statewide quasi-governmental lender.

Direct peers

• Colorado Rural Housing Development Corporation: Colorado-based nonprofit CDFI focused on rural affordable lending, down payment assistance, and homebuyer education. Comparable program mix to NWSoCo's lending and education lines with similar rural/small-mColorado footprint.
• Rocky Mountain Community Land Trust: Regional Colorado-based community land trust operating shared-equity resale-restricted homes. Direct functional peer to NWSoCo's Shared Equity Homeownership Program and SHOP, working in overlapping Colorado markets.
• Pueblo Habitat for Humanity: Local Habitat affiliate in Pueblo, CO building affordable for-sale homes with sweat-equity requirements. Direct local peer competing for similar LMI homebuyers and volunteer/donor support.

Regional players

• Denver Housing Authority: Public housing authority in Colorado providing affordable rentals and homeownership pathways. Comparable service mix to NWSoCo's community-development arm though geographically adjacent rather than overlapping in Pueblo.

Others

• Grounded Solutions Network: National membership network for shared equity and community land trust practitioners. NWSoCo's shared equity deed restriction was modeled by Grounded Solutions; this is the closest ecosystem/infrastructure peer.
• National Council of State Housing Agencies (NCSHA): Trade association for state Housing Finance Agencies that channels federal housing funds and program standards. Indirect peer: NWSoCo participates in CHFA/HUD frameworks that NCSHA shapes, making it a relevant ecosystem counterpart.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nwsoco
• YouTubeyoutube.com/channel/UCPYVFH8L8zjWto-IEfZ48Ww
• Facebookfacebook.com/nwsoco
• LinkedInlinkedin.com/company/9367239
• Instagraminstagram.com/nwsoco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 NeighborWorks Southern Colorado