Nuestra Comunidad Development Corporation

Real estate Development line of business:the real estate Development program adds to or preserves the inventory of affordable housing in boston's undeserved neighborhoods of roxbury, dorchester and mattapan either by developing new properties or by rehabilitating 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. In addition, 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. In addition, the agency plans to develop some market-rate housing as a communitydesired 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 long-term success, including improved educational and economic outcomes.

Community engagement and housing lines of business:the community building program provides counseling to homeowners and prospective homeowners in particular, and also, more generally, to underserved populations who wish to learn and augment their financial skills and knowledge to achieve identified goals. These programs include first-time homebuyer education and counseling, home equity conversion mortgage or reverse mortgage counseling, foreclosure prevention counseling, and financial education and counseling. In addition, it fosters community leadership and supports communitymembers to have a decisive voice in shaping the future of our communities.

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 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. During the year ended december 31, 2022, asset management activity accounted for approximately 1% of total program expenditures.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 thatsustainable businesses meet the needs of community residents and attract other businesses.

Rental properties:the rental properties program relates Nuestra owned and managed residential apartments that provide an affordable home for low- and moderate-income individuals and families. A third party vendor, winn management company ("winn"), provides property management services on the agency's behalf and works closely with Nuestra's resident services and asset management teams to ensure that the agency's properties provide residents with a high-quality, affordable home.