Nuestra Comunidad Development Corp

NUESTRA COMUNIDAD IS DEVOTED TO BUILDING THE WEALTH AND ENHANCING THEPHYSICAL, ECONOMIC, AND SOCIAL WELL-BEING OF ROXBURY AND OTHERUNDERSERVED POPULATIONS IN GREATER BOSTON THROUGH A COMMUNITY-DRIVENPROCESS THAT PROMOTES SELF-SUFFICIENCY AND NEIGHBORHOOD WELL-BEING OF ROXBURY AND OTHER UNDERSERVED POPULATIONS IN GREATER BOSTON THROUGH A COMMUNITY-DRIVEN PROCESS THAT PROMOTES SELF-SUFFICIENCY AND NEIGHBORHOOD REVITALIZATION.A NON-PROFIT SMALL BUSINESS, NUESTRA IS ONE OF BOSTON'S OLDEST AND MOSTSUCCESSFUL COMMUNITY DEVELOPMENT CORPORATIONS. SINCE 1981, NUESTRA HAS BEEN A CATALYST IN THE REDEVELOPMENT OF THE DUDLEY SQUARE, ROXBURY, AND NORTH DORCHESTER NEIGHBORHOODS. LED BY A COMMUNITY-BASED BOARD, NUESTRA IS IN THE BUSINESS OF CREATING COMMUNITIES OF OPPORTUNITY AND EQUITY FOR RESIDENTS AND BUSINESSES, WHERE THEY CAN HAVE A STABLE HOME, INCREASE THEIR INCOME, IMPROVE NEIGHBORHOOD HEALTH AND GAIN WEALTH.

REAL ESTATE DEVELOPMENT LINE OF BUSINESS:THE REAL ESTATE DEVELOPMENT PROGRAM ADDS TO OR PRESERVES THE INVENTORY OF AFFORDABLE HOUSING IN BOSTON'S UNDERSERVED NEIGHBORHOODS OF ROXBURY, DORCHESTER AND MATTAPAN EITHER BY DEVELOPING NEW PROPERTIES OR BY REHABBING EXISTING PROPERTIES. OFTEN THESE ARE MIXED-USE PROPERTIES WHERE THE AGENCY ALSO ADDS OR PRESERVES RETAIL AND OTHER COMMERCIAL SPACE TO ENHANCE THE VITALITY OF THE NEIGHBORHOODS SERVED. ALSO, PROJECTS OFFERING RETAIL OR COMMERCIAL SPACE ARE OCCASIONALLY UNDERTAKEN. THE AGENCY PROVIDES OPPORTUNITIES FOR RESIDENTS TO ACQUIRE ASSETS AND BUILD EQUITY BY DEVELOPING HOMEOWNERSHIP HOUSING. THE AGENCY IS NOW PLANNING TO DEVELOP SOME MARKET-RATE HOUSING AS A COMMUNITY-DESIRED COMPLEMENT TO THE NEIGHBORHOODS' AFFORDABLE HOUSING. THE AGENCY'S THEORY OF CHANGE IS PROVIDING STABLE, AFFORDABLE, HIGH QUALITY RENTAL HOUSING, WHICH CREATES A PLATFORM FOR LONGTERM SUCCESS, INCLUDING IMPROVED EDUCATIONAL AND ECONOMIC OUTCOMES.

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 AGGRESSIVELY 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.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 ENGAGEMENT PROGRAM FOSTERS COMMUNITY LEADERSHIP AND SUPPORTS COMMUNITY MEMBERS TO HAVE A DECISIVE VOICE IN SHAPING THE FUTURE OF OUR COMMUNITIES. THIS PRORGRAM IMPLEMENTS A CULTURAL ECONOMIC DEVELOPMENT WHICH USES ARTS AND CULTURAL EVENTS TO CREATE ECONOMIC OPPORTUNITY FOR LOCAL MINORITY BUSINESS ENTERPRISES INCLUDING ARTISTS, AND TO ENGAGE NEIGHBORS IN CELEBRATING AND ANCHORING IN THE COMMUNITY BLACK, LATINO AND IMMIGRANT CULTURES AND CULTURAL WORKERS.THE HOUSING COUNSELING PROGRAM PROVIDES EMERGENCY COUNSELING ASSISTANCE TO INDIVIDUALS AND FAMILIES ACROSS BOSTON WHO ARE AT IMMINENT RISK OF LOSING THEIR RENTAL HOUSING OR THOSE HAVE RECENTLY LOST THEIR HOUSING THROUGH EVICTION, DISASTER OR OTHER REASONS.

RENTAL PROPERTIES - NUESTRA OWNED AND MANAGED RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL (WINN), PROVIDES PROPERTY MANAGEMENT SERVICES ON THE AGENCY' BEHALF AND WORKS CLOSELY WITH NUESTRA'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT THE AGENCY'S PROPERTIES PROVIDE RESIDENTSWITH A HIGH-QUALITY AFFORDABLE HOME.WINN RESIDENTIAL HAS COLLABORATED WITH ASSET MANAGEMENT AND RESIDENT SERVICES IN PROVIDING EMERGENCY RENTAL ASSISTANCE TO HOUSEHOLDS WHO HAVE FALLEN BEHIND IN RENT PAYMENTS DUE TO THE COVID-19 PANDEMIC. THIS CRITICAL ASSISTANCE HAS SUSTAINED THE TENANCY OF HUNDREDS OF TENANTS DURING 2021.