2008 YEAR-END APPEAL
NEDAP needs your support! Please help us meet our ambitious goals by making a tax-
deductible donation to NEDAP. Our community economic justice mission and programs are
more critical than ever.
NEDAP believes that everyone has the right to live in a decent, safe, healthy, sustainable
community. We have our work cut out for us. Just consider this map we produced showing the
huge number of foreclosure filings this year, and their concentration in NYC neighborhoods of
Fortunately, after documenting and sounding the alarm on
abusive and discriminatory lending practices for more than a 1 Dot = 1 Foreclosure Action
decade, NEDAP was ready when the crisis hit to focus on
Population > 50%
solutions. Black or Hispanic
In the midst of unprecedented challenges and uncertainty,
NEDAP continued this year to be at the forefront of
organizing for financial justice in New York City and beyond.
We are pleased to share with you some highlights from 2008:
• NEDAP launched the NYC Foreclosure Prevention
Gap Loan Fund, which has already enabled ten low income homeowners to avert
foreclosure and stay in their homes. NEDAP has partnered with the Lower East Side
People’s Federal Credit Union for this initiative, and is working closely with foreclosure
prevention counselors, attorneys, and community groups to identify eligible homeowners
in need. NEDAP received two anonymous grants that capitalize the fund. Your donation
will enable us to expand the loan fund and help at least 100 more homeowners avert
foreclosure in 2009.
• As leader of a statewide coalition, New Yorkers for Responsible Lending, NEDAP was
instrumental in the passage of two groundbreaking state laws, the Exempt Income
Protection Act, which prohibits abusive debt collection practices, and the Foreclosure
Prevention and Responsible Lending Act of 2008, which is considered one of the
strongest anti-predatory lending laws in the country.
• NEDAP’s Consumer Law Project brought cutting-edge litigation and helped 900 low
income New Yorkers – primarily women, immigrants and seniors – defend themselves
against a growing tide of deceptive and discriminatory lending and debt collection
practices. Project staff testified at numerous city, state and federal legislative hearings, and
created vital self-help and know-your-rights material that has been downloaded more than
110,000 times from NEDAP’s website!
• NEDAP played a key role in designing and implementing the Center for NYC
Neighborhoods, an ambitious new foreclosure prevention initiative that coordinates
foreclosure prevention counseling, legal services and outreach and education activities,
city-wide. As Program Partner with the Center, NEDAP has provided strong capacity-
building training and resources to community organizations; worked with the NYS court
system to establish a pilot settlement conference program to help thousands of
homeowners avert foreclosure in Queens, NY; and provided vital technical assistance to
groups engaged in outreach and education geared to distressed homeowners.
• NEDAP’s Immigrant Financial Justice Project filled a critical void in NYC, serving as an
information clearinghouse and training dozens of community groups and their members
on immigrants’ rights in the banking system. This year we also called important attention
to the impact of subprime lending and foreclosures on low income immigrants and
communities, through a well-attended conference and extensive media coverage.
• NEDAP responded to more than 1,000 requests for assistance from community groups and
provided financial education, training and one-on-one assistance to more than 100
grassroots groups fighting for economic justice in their neighborhoods.
• NEDAP’s commentary, research and reports were featured in more than 100 articles in
local, national and international media outlets; and our award-winning cable TV show,
On the Money with NEDAP, reached tens of thousands of households throughout New York
with programs highlighting local economic justice campaigns and providing know-your-
NEDAP is energized and ready to meet the challenges of the coming year. Our key goals for
• Scaling up our Foreclosure Prevention Gap Loan Fund to help low income New Yorkers
avert foreclosure and stay in their homes.
• Continuing to forge policy and programmatic solutions to the foreclosure crisis.
• Advocating for an end to abusive consumer credit and debt collection practices.
• Promoting financial justice for immigrant New Yorkers.
• Working with local groups to press for meaningful reform of the financial services
We rely on supporters like you to continue our important and relevant work. Please send $100,
$250, $500, or any amount that is meaningful to you. Thank you for your valued support.
With best wishes for a Happy and Peaceful New Year,
Your Friends at NEDAP
P.S. Please indicate on the contribution card if you’d like to direct your donation to a specific
program or initiative. You may also make your contribution online at www.nedap.org/support!