SCI-TECH DEVELOPMENT

Milwaukee WI


Sci-Tech Development, Inc. (SDI) is a nonprofit, HUD approved housing counseling organization and an emerging CDFI. SDI currently serves a single zip code in the Northwest Side of Milwaukee, Wisconsin but will expand into serving 5 zip codes. SDI serves a Low-Income Targeted Population, predominantly made up of new immigrant Africans and Asians.

CDFI Awards for SCI-TECH DEVELOPMENT


TA (2007) - $92,110

Sci-Tech Development, Inc. (SDI) is a nonprofit, HUD approved housing counseling organization and an emerging CDFI. SDI currently serves a single zip code in the Northwest Side of Milwaukee, Wisconsin but will expand into serving 5 zip codes. SDI serves a Low-Income Targeted Population, predominantly made up of new immigrant Africans and Asians. SDI will use the Technical Assistance award to: 1) hire a consultant to develop policies and procedures as well as develop a capitalization strategy; 2) hire its first full-time Loan Officer; 3) purchase computers, copier, office supplies, and other office technology; 4) print and distribute new marketing brochures; 5) cover costs for the new Loan Officer to attend trainings toward certification in community development and homeownership lending; and 6) purchase portfolio monitoring software.



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