Neighborhood Economic Development Corporation (NEDCO)
212 Main Street
Springfield, OR 97477
(541) 345-7106
FAX: (541) 345-9584
www.nedcocdc.org
AGENCY INFORMATION
Claire Carpenter-Seguin, Executive Director
Total Number of Staff: 6
Housing & Community Development Staff: .5
Annual Operating Budget: $650,000
Total Cost of Development: $12,000,000
Area Served: Lane and Marion Counties
Year Incorporated: 1979
Total Number of Units Developed: 162 (Rental-26; Homeownership-135)
Total Number of Units Under Development: 8 (Rental-4; Homeownership-4)
PROGRAMS AND SERVICES OFFERED
- Economic Development
- Homeownership Counseling
- IDAs
- Mixed Use Development
MISSION
NEDCO collaboratively builds human and capital assets to strengthen neighborhoods and broaden participation in community ownership and governance. NEDCO focuses on neighborhood revitalization, develops affordable housing, provides comprehensive homeownership and financial education and counseling, provides and homeownership IDA’s, and establishes and maintains commercial properties. NEDCO helps people and neighborhood build assets through homeownership, neighborhood revitalization and business development.
KEY ACCOMPLISHMENTS
- Completion of East Blair Housing Co-op, Oregon’s first low-income co-op; owned & managed by tenants
- Purchased and refurbished the historic Brogden Feed and Seed Store, now the Red Barn Marketplace
- Created Oregon Marketplace – matching local suppliers with Oregon businesses
- Implemented the New Business Generator and Willamette Valley Community Land Trust
- Developed Threshold Homeownership Education and Counseling Program
- Purchased/ rehabilitated historic building to become permanent home of OUR Federal Credit Union
- Developed Mercado Latino, an open air Latin American Marketplace, to stimulate entrepreneurship within the Latino community and to promote cultural exchange, 2003
- Renovated the historic Baldwin Market, which includes 2 commercial businesses, with two apartments above
- Developed and manages the Springfield Farmers’ Market, a downtown revitalization and economic/community development project, 2008 – current
- Developed 136 single family homes for purchase by low-income households
- Developed the Homeownership Center of Lane County and Homeownership Center of the Mid-Willamette Valley, designated by OHCSD as the Regional Housing Centers for Lane and Marion Counties
- Leads the Oregon Homeownership Association, whose purpose is to increase the quality and breadth of homeownership education and counseling in Oregon, by providing best practices training and technical assistance to homeownership programs throughout Oregon
CURRENT PROJECTS
- Homeownership Opportunity Program: 4 scattered site single family homes in Springfield
- Springfield Farmers’ Market
- 216 Main Street, Springfield, a mixed use historic building with 4 affordable apartments, a commercial space, and NEDCO’s office and classroom; part of a downtown revitalization initiative
PARTNERS IN DEVELOPMENT
Siuslaw Bank • Lane County • Cities of Eugene, Lowell, Salem, Springfield, Stayton, Turner, and Veneta • Spirit Mountain Community Fund • Intergovernmental Housing Policy Board • Oregon Housing and Community Services Department • Rainbow Valley Design and Construction • Neighborhood Partnership Fund • Lane Community College • State Farm Insurance Companies • US Bank • The Collins Foundation • Meyer Memorial Trust • Cow Creek Umpqua Indian Foundation • Valley Individual Development Accounts (VIDA) • Oregon Homeownership Association • US Department of Urban Development • Pacific Continental Bank
