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About Us
West Elmwood Housing Developement Corporation (WEHDC) is a professional, high energy, multi-faceted organization. Its three major areas of focus are housing, organizing and economic development. The members of Board of Directors and staff members comprise a dedicated and competent team whose future plans will continue to have a positive impact on the community (ies) which they serve. To accomplish its goals and fulfill its mission, WEHDC uses a holistic planned approach, one that organizes its work into a series of business lines but recognizes the interrelationships among all its activities. Within each business line, WEHDC carries out a series of programs or activities. These are described briefly in this page and in detail in each file to your left.
WEHDC organizes its work into six main business lines or program areas, some of which have multiple parts. In addition, it occasionally takes on special projects that span more than one line of business. Its current lines of business are: 1. Home Ownership Preservation - Loans, grants and home improvement services performed for existing owners of 1-4 family properties. Activities include rehabilitation, repair, hazard abatement, post-purchase counseling and foreclosure intervention activities, as well as loans and grants to home owners to finance these kinds of improvements.
The CLEARCorps program is a relatively new one for WEHDC. In 2005, WEHDC entered into a partnership with the City of
CLEARCorps is a national program designed to protect children from lead poisoning. It works through partnerships with families, property owners, community organizations and public agencies to create lead-safe communities. 2. HomeOwnership Promotion Services –Activities promoting home ownership including Financial Fitness and other education, pre-purchase counseling, financial assistance (both loans and grants) and the marketing and sale of newly developed properties.
3. Community Based Economic Development- Activities that improve economic conditions in a community. A wide range of activities can further this aim including directly creating a business, providing technical assistance to business owners who are ready to start or expand a business or create new jobs, offering employment training, and improving commercial properties or taking other steps to improve the environment for local business.
4. Community Building & Organizing – Community organizing and other activities that help residents and other community stakeholders come together to develop and provide leadership to build a stronger community. A wide range of activities can further this aim, including development of neighborhood groups/associations; leadership skill development training courses; youth activity and training groups; community fairs and other opportunities to encourage a renewed energy, expertise, and focus in the community. 5. Asset Management – Asset Management includes the long term responsibilities of ownership of real estate including such activities as deciding on the type of portfolio to be developed, market positioning of portfolio properties, refinancing, capital improvements, and selection and oversight of property manager. Asset management responsibilities come with any property owned outright by the organization, a subsidiary, or a general partner interest held by the organization or its subsidiary.
6. Real Estate Development - All the activities involved in developing real estate regardless of whether the project is residential or commercial or rental or for-sale. Development activities include conceptualizing project, selecting and acquiring sites, managing design, assembling predevelopment, construction and permanent financing, obtaining approvals, and overseeing construction and lease-up. There may be overlaps between this line of business and others depending on the nature of the project being developed.
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