NEDCO, Neighborhood Economic Development Corporation, in Eugene and Salem is a non-profit Community Development Corporation that helps neighborhoods and families. NEDCO is a HUD Approved Housing Counseling Agency and has help hundreds of people prepare for home ownership.

The Springfield Home Ownership Program and the Eugene Homeowner Assistance Program both require counseling and training prior to receiving one of their no interest loans. I have had my clients attend the course and come away much more prepared for the huge step of purchasing a home. The program they offer is called the "ABC's of Homebuying." It is a one day class designed to help understand the entire home buying process. 

They also offer the Threshold Homeownership Education & Counseling Program (http://www.nedcocdc.org/threshold.htm), which is an in-depth education and individualized consultation program.  This is the most comprehensive program, and it has successfully prepared hundreds of families for homeownership.

In today's market, one of their program that is coming more and more into demand is: Default and Foreclosure Prevention Counseling- A Homeownership Counselor is available to review your situation and help with identifying options, developing a strategic plan, contacting lenders, and providing information about available resources. In addition, they offer an Information and Referral Service for current homeowners. They offer assistance with getting better mortgage terms, budgeting, dealing with payment problems, or answering your questions about financing is available. We also provide information about home repairs, weatherization, and selling your home.

NEDCO is available at their Mid-Willamette Valley office: 945 Columbia Street NE, Salem, OR 97301, Phone: 503-485-8974; or the Lane County office: 783 Grant Street, Eugene, OR 97402, Phone: 541-345-7106.

There are other programs for low and moderate income clients, including Individual Development account and individual consultations. Find out more about NEDCO at their website, http://www.nedcocdc.org.