Accomplishments

May 1999 – December 2016

  • Provided over $90 million in financing for 265 businesses, 29 affordable housing developments, and 22 non-profit organizations in 89 Texas communities
  • Leveraged more than $310 million from banks and other lenders, providing a total of over $400 million in new capital to Texas businesses and communities
  • Assisted in the creation of 2,787 new jobs through business financing, and financed 835 affordable housing units
  • Co-sponsored, with the Federal Reserve Bank of Dallas, Momentum Texas (a community development finance summit) in 2004, Momentum Texas II in 2006, and The Changing Economy: The New Community Development Lending Environment in 2009
  • Received the “Community Impact Right Stuff’ award at the Virchow Krause 2008 Best Practice Conference in New Orleans
  • Awarded $25 million in New Markets Tax Credits (NMTC) by the Department of Treasury’s CDFI Fund (only Texas-based awardee in 2008)
  • Awarded $25 million in NMTC by the CDFI Fund in 2009 (one of three Texas-based recipients)
  • Awarded $750,000 grant from the Department of Treasury’s CDFI Fund – August 2010
  • Awarded $35 million in NMTC by CDFI Fund in 2010 (one of two Texas-based recipients)
  • Awarded $50 million in NMTC by CDFI Fund in 2011
  • Awarded $35 million in NMTC by CDFI Fund in 2012
  • Awarded $43 million in NMTC by CDFI Fund in 2013
  • Awarded $75 million in NMTC by CDFI Fund in CY 2015-2016