Border Community Capital Initiative

The Initiative s goal is to increase access to capital for affordable housing, business lending and community facilities in the chronically underserved and undercapitalized U.S./Mexico border region.

Specifically, it will provide direct investment and technical assistance to community development
lending and investing institutions that focus on affordable housing, small business and community facilities to benefit the residents of colonias.

Funds may be used to support eligible activities that serve the following objectives:

• Expanding services in eligible colonias target markets (see below) by established lenders and investors in affordable housing, small business, and community facilities, and/or

• Securing new public or private capital sources for lending or investing in affordable housing, small business and community facilities in existing or new eligible target markets.

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.