Providing home ownership opportunities for low and moderate income families; a comprehensive small business program that includes courses to start your own business, ongoing coaching & micro-loans; and Lending Circles-get a Zero-Interest Social Loan that will help you improve your credit score fast.
I was at a point in my life without a lot of choices.
Single in the city of New York, laid off from my job with no other prospects or family nearby, I decided to move to Colorado to be near my sister. After moving to Denver I knew I wanted to own a home but didn't know the process and needed some guidance. So while searching for a job I began researching the available community resources for first time home buying. That's when I found NEWSED and began my housing counseling process with a housing counselor. She was able to assess my likelihood of qualifying for an Individual Development Account (IDA). Through approval from Mile High United Way I quadrupled my savings power in a relatively short amount of time with the IDA product. My FICO score and credit history required some repair which my housing counselor was able to assist with. It took me a total of a year and five months to become qualified for a home loan but along the way I gained a valuable financial education. Now I am proud owner of a new 2 bed, 2 bath bachelorette pad in Denver's South Park Hill neighborhood.
- Julia Garcia
NEWSED promotes community development to underserved populations in Colorado by providing navigation for housing services, nurturing small businesses, and promoting asset creation.
In 1973 NEWSED was founded as part of the national Community Development Corporation (CDC) movement. NEWSED began its work in one of Denver’s oldest neighborhoods, La Alma Lincoln Park. The organization’s early work addressed issues of neighborhood blight and lack of services and businesses. In the early 70s West Denver was experiencing an exodus of White, middle income families to the suburbs which was causing businesses to close especially; grocers, laundry mats, restaurants and many others. In response, NEWSED and other neighborhood groups formed. NEWSED’s initial focus was specific and worked in conjunction with the City of Denver to usher in community development block grants and other funding methods to redevelop Santa Fe Drive through street renovation projects and small business initiatives that assisted in loan creation and job development. In the late 70s into the 80s NEWSED built over 100,000 square feet of retail/commercial development which assisted in the influx of restaurants and artists to Santa Fe Drive creating the beginnings of what is now Colorado’s official first state designated Art District. Later NEWSED began developing affordable rental housing units for those living at 20 to 80% of the area median income level as well as single home rehabs. At the same time NEWSED implemented its HUD certified housing counseling program and in the last 20 years has placed thousands of individuals and families into their first homes, provided down payment assistance and has helped mitigate foreclosures. In the most recent decade NEWSED has continued on the self-sufficiency path for its clients and created Denver’s first Retail Incubator program in 2013, Colorado’s only Lending Circle program in 2015 and NewSeed Lending in 2020.
Organization name
NEWSED Community Development Corporation
other names
NEWSED
1973
Tax id (EIN)
74-2275534
Category
Community Improvement & Capacity Building, Civil Rights, Social Action & Advocacy, Housing & Shelter, Public & Societal Benefit
Organization Size
Large Organization
Address
901 W. 10th Avenue, Suite 2ADenver County, CO, US