Incorporated in 1970, West Elmwood Housing Development Corporation (WEHDC) is a not-for-profit organization offering economic, home ownership, and real estate development for the residents, business owners, and community groups in the West End neighborhood and other low- wage areas of Providence. This CDFI offers low income home buyers up to $5,000 in down payment grants, up to $20,000 in down payment loans for moderate income families, as well as loans limited to cash out for home repair or debt consolidation. They also offer $6,000 in Foreclosure Prevention Loans, over $2,000 in Emergency Home Repair Loans, and flexible credit terms with rates as low as three percent. They own 120 units- 73 affordable and 47 market rental units.
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POINT (-71.431255 41.8115976)