PPEP Microbusiness and Housing Development Corporation, Inc.

Tucson AZ


PPEP Microbusiness and Housing Development Corporation, Inc. (PMHDC) provides short and medium term working capital and fixed asset loan products to microenterprises and small businesses; affordable housing projects initiated by non-profit housing developers; and low-income and minority home buyers and homeowner residents of 6 counties in southern Arizona.

CDFI Awards for PPEP Microbusiness and Housing Development Corporation, Inc.


TA (2005) - $70,000

PPEP will use the 2005 TA grant award of $70,000 to establish the infrastructure of the Southern Arizona Microbusiness New Markets Incubator Center. This project will house a microbusiness development center, a cooperative for members, a computer lab center, a retail storefront showcase, and a self-contained shipping, receiving, and warehousing operation.



SECA (2000) - $39,000

The Fund"s technical assistance award will be used to assess the financing needs of PMHDC"s market and to purchase loan servicing software. The award is expected to assist PHMDC to improve the design and delivery of its loan products and development services.



CORE (1999) - $1,000,000

The CDFI Fund"s $1,000,000 loan will help capitalize a new mortgage loan pool, enabling PMHDC to help low- and very low-income individuals purchase homes.



SECA (1998) - $44,450

The grant from the CDFI Fund will be used to train staff, management, and the Board of Directors in organizational growth and multi-product /multi-market lending. It also includes support for new software and hardware to improve performance, coordination, and communication between PMHDC and its customers.



CORE (1997) - $250,000

A $250,000 grant from the CDFI Fund will enable PPEP Micro to provide microioans for self-employment initiatives, small business loans, and loans for housing development and rehabilitation.



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