A History of Providing Economic Support
San Francisco has a long history as an entry point for immigrants and working class families. Every family holds dreams for increased opportunity and a legacy for the next generation. Since 1973, the Mission Economic Development Agency (MEDA) has been dedicated to improving the economic and social conditions of San Francisco’s immigrants and working class families with an emphasis on the Latino community and the Mission. MEDA can help you start or expand your own business, become a first time homebuyer, and maximize your unique financial situation.
Our Programs include:
Our Business Development Program provides technical assistance to low- and moderate-income and Latino entrepreneurs and business owners, showing them how to implement business systems and utilize best practices to maximize profitability. The program does this through a unique business coaching model that is culturally relevant and enables clients to be proactive toward their goals. Being the only program in San Francisco that offers bilingual technical assistance to native Spanish speaking families, the program provides comprehensive services, including but not limited to: Financial analysis and cash flow projections, business plan development, lease consultations, loan packaging, and marketing strategies. Learn more>>
Our Homeownership Program directly responds to the needs of low- and moderate-income first time homebuyers. Through workshops and one-on-one counseling, families are coached throughout the process of purchasing their home and are trained on budgeting, credit, choosing a lender and appropriate loan product, and avoiding predatory lending to ensure that they are in the best position to purchase and remain in a home. MEDA has also incorporated Foreclosure Intervention in a direct response to the growing number of clients requiring assistance that prevents the loss of their homes, or finds adequate alternatives to foreclosure that best meets a family’s needs. Learn more>>
Our Financial Education Program provides low- and moderate-income Latino families with culturally relevant and bilingual workshop curriculum and coaching to achieve basic financial literacy. MEDA’s financial education program aims to help participants achieve three key outcomes: Improving their credit score to 650 or higher; increasing savings to three months of living expenses or greater; and reducing their debt to income ratio to 40% or lower. MEDA’s Financial Education Program includes workshops covering the basics of personal finance, an initial assessment of the person’s financial standing, and one-on-one coaching that focuses on, budgeting, savings, credit repair, and ultimately reaching one’s financial goals. Key curriculum topics include banking services, credit basics, credit scores and credit history, checking accounts, money management and budgeting, savings, consumer rights & protections, and credit cards. Learn more>>
MEDA’s VITA Site Free Tax Preparation Program at Plaza Adelante and four additional sites throughout San Francisco. In 2013, MEDA served over 3,800 individuals, primarily from San Francisco’s predominantly Latino and Spanish-Speaking Eastern neighborhoods, with free tax preparation assistance. The program successfully secured $5,258,962 for low income families in tax refunds. On average, families received over $1,380 per refund. The program also provides each individual with a free benefits screening for additional services, and if needed, assistance with obtaining an Individual Tax Identification Number (ITIN). Learn more>>
Engages and mobilizes the community around public policy issues that advance the asset building agenda of San Francisco’s Latino residents and merchants. Promotes the ability to be economically self-sufficient through research, organizing and advocacy efforts on issues related to community land-based planning, community asset building, and citywide policy initiatives. Learn more>>