Community Development Corp. of Brownsville

Brownsville TX


The Community Development Corporation of Brownsville (CDCB) is a 501 (c)(3) nonprofit organization involved in providing affordable housing products primarily to working poor Hispanic families in the Brownsville/Harlingen/San Benito MSA investment area of Texas, which includes two colonias. CDCB will use a 2006 TA grant of $99,000 to 1) cover operating expenses for employees to work and train as underwriters; 2) pay for staff training on the use of loan origination software; 3) obtain consulting services to develop portfolio monitoring policy and procedures; and 4) purchase a data server for a central loan database and website technology to provide Internet access for customers to apply for a loan online. The TA award will position CDCB to expand marketing and increase its ability to deliver loans to a broader Hispanic market in Texas in preparation for becoming certified as a CDFI in 2007.

CDFI Awards for Community Development Corp. of Brownsville


TA (2006) - $99,000

The Community Development Corporation of Brownsville (CDCB) is a 501 (c)(3) nonprofit organization involved in providing affordable housing products primarily to working poor Hispanic families in the Brownsville/Harlingen/San Benito MSA investment area of Texas, which includes two colonias. CDCB will use a 2006 TA grant of $99,000 to 1) cover operating expenses for employees to work and train as underwriters; 2) pay for staff training on the use of loan origination software; 3) obtain consulting services to develop portfolio monitoring policy and procedures; and 4) purchase a data server for a central loan database and website technology to provide Internet access for customers to apply for a loan online. The TA award will position CDCB to expand marketing and increase its ability to deliver loans to a broader Hispanic market in Texas in preparation for becoming certified as a CDFI in 2007.



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