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latino economic development center annual report 2011 www.ledcmetro.org

latino economic development center 2316 18th Street, NW, Washington, DC 20009 2405 Price Avenue, Wheaton, MD 20902 www.ledcmetro.org | 866.977.LEDC |

@ledcmetro

The Exciting Road Ahead Stable Housing. Thriving Businesses. Strong Communities.

Welcome to our new Center.

table of contents LEDC Update 1 Stable Housing 2 Thriving Businesses 5 Strong Communities 8 Our Sponsors and Partners 11 Financial Information 12


facts & figures

The Latino Economic Development Center equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities.

The Latino Economic Development Center is a community-based economic development organization.

Participants in our programs learn how to buy and stay in their homes, take control of the decisions affecting their apartment buildings, and start or expand small businesses.

In 2011, LEDC achieved significant milestones across its comprehensive approach to community-based economic development. individuals in the District who became well-informed, first-time homebuyers, an investment of $8,258,589 million in mortgages and $1,831,654 million in interest-free loans

This year we invested over $692,000 in microloans to 81 businesses in the DC area.

209

410

individuals prepared to become homeowners

small businesses were connected with 844 hours of technical assistance

212

latino economic development center

latino economic development center

2316 18th Street, NW, Washington, DC 20009

2316 18th Street, NW, Washington, DC 20009

2405 Price Avenue, Wheaton, MD 20902

2405 Price Avenue, Wheaton, MD 20902

www.ledcmetro.org | 866.977.LEDC |

@ledcmetro

www.ledcmetro.org | 866.977.LEDC |

@ledcmetro

families trained on homeownership responsibility through more than 1200 hours of technical assistance

98 seminars and courses held to educate and train entrepreneurs

families received more than 2350 hours of indepth foreclosure intervention counseling

families received affordable housing preservation services in 74 multifamily buildings in the District of Columbia.

signatures collected from DC-area residents and Wheaton small businesses in support of the Coalition for the Fair Redevelopment of Wheaton.

tenants educated through tenant rights forums


LEDC 2011 Annual Report Cover