$25.7M in expenses

Lending & capital: the center's wholly-owned community development financial institution ("cdfi") subsidiary, sustainable neighborhoods, LLC ("SN LLC or "affiliate"), conducts direct lending and provides financial assistance to low or moderate-income families, demonstrating models for mortgage origination and servicing at scale for homeowners. By offering reasonably priced mortgage loans, responsible servicing, and effective mortgage counseling, and/or integrating outside qualified nonprofit counseling organizations to support all applicants, the center enables asset-building and sustainable wealth for homeowners who are not served by traditional capital or banking outlets. Through december 31, 2024, SN LLC has provided $559.8 million in loans to homeowners at risk of foreclosure. The consolidated financial statements include the operations of the center and SN LLC.

$4.8M in expenses

Homeowner services: the center develops and implements programs that meet critical homeowner needs, including foreclosure prevention advice and assistance, storm recovery assistance, resiliency counseling, help with repairs, advice on energy efficiency, and more. The center also coordinates and funds a network of nonprofit community-based housing counseling and legal service providers that ACT as a safety net for families across NY state. When needed, the center also provides direct counseling to homeowners to fill service gaps.

$2.2M in expenses

Systems change: the center employs a continuous cycle of research, advocacy, thought leadership, pilot programs and technical assistance to make the case for governmental changes, programs and investments that stabilize homeowners and expand affordable homeownership. The center's research is driven by data and by experience on the ground with homeowners, and analyzes past and current trends to shed light on bad practices and make recommendations on best practices and policies. These efforts are aimed at both sustaining the center and its vision, programs and interventions, and at building the capacity, strength and organization of the field.