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Azteca Community Loan Fund
P.O. Box 7San Juan TX, 78589-0007
CDFI Awards for Azteca Community Loan Fund
FA (2006) - $585,000
Azteca Community Loan Fund (ACLF) of San Juan, Texas was established in 2001. ACLF provides first mortgages to residents of Colonia communities in Hidalgo County, Texas. ACLF"s products and services helps families build safe affordable housing through a combination of financing and sweat equity. ACLF partners with a non-profit housing developer, Proyecta Azteca, to construct prefabricated housing units with families helping to build their unit and others in their group. ACLF will use its $585,000 Financial Assistance Award to increase the number of mortgage loans to its borrowers and provide micro-enterprise and consumer loans.
FA (2004) - $286,500
Azteca Community Loan Fund (ACLF) will combine the award with other funds to finance mortgage loans and provide Individual Development Accounts matching funds for 35 low-income Colonia residents.
FA (2003) - $500,000
Azteca Community Loan Fund (ACLF) is being awarded $500,000 to finance a "cascaron" home kit for 100 colonia families who currently live in substandard housing. Through the use of self-help labor, a skilled and dedicated builder and crew, and innovative and efficient building techniques, ACLF is able to offer families a quality home product, moved to their colonia lot and ready to connect to utilities for $15,000. Approximately 34% of this award will be targeted toward Hot Zones.
SECA (2001) - $200,000
ACLF has received a technical assistance award to acquire technology, training and consulting products and services, and financial assistance to capitalize its loan fund.
Other Community Development Financial Institutions in Texas
ACCION Texas, Inc.
San Antonio
Azteca Community Loan Fund
San Juan
Bexar County Teachers Federal Credit Union
San Antonio
Community Development Corp. of Brownsville
Brownsville
Community Development Loan Fund
San Antonio
Community Development Loan Fund (CDLF)
San Antonio
Equitrend Capital
Amarillo
Neighborhood Housing Services of Dimmit County, Inc.
Carrizo Springs
PACESETTER CDE INC
Richardson
Rural Development and Finance Corporation
San Antonio
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