The Texas Mezzanine Fund, Inc. (TMF) is a statewide Community Development Financial Institution (CDFI) established to promote economic growth across Texas with a focus on low- or moderate-income and rural communities.

TMF was capitalized in late 1998 and began lending in May 1999. The initial investors included Guaranty Bank, Washington Mutual, Regions Bank, ACCION Texas, and the Southern Dallas Development Corporation. Subsequent investors included Bank of Texas, Comerica Bank, First Bank, Inwood National Bank, SharePlus Federal, Southwest Securities FSB, The First National Bank of Granbury, U.S. Trust Company of Texas, Wachovia Bank, Wells Fargo Community Development Corporation, and WIN 6, L.P.

TMF achieves economic impact for Texas businesses and citizens with three primary loan products:

Financing to growth-oriented businesses either located in low- or moderate-income communities or that provide jobs for low- to moderate-income persons or that are minority-owned. TMF provides loans for expansion, equipment, business acquisition, or owner-occupied real estate.

Financing to for-profit and nonprofit developers of affordable single-family or multi-family housing. TMF provides loans for predevelopment activities, land acquisition, lot inventory and/or development, and interim construction of quality housing.

Financing to community facilities for nonprofits with a mission of serving social and economic needs of their constituents.

• TMF may fund "stand-alone" investments of up to $300,000.

• TMF can provide financing up to $500,000 in tandem with traditional bank financing and/or local CDFI’s to businesses, affordable housing developers, or nonprofits needing a credit enhancement in order to qualify for capital needed for expansion or community impact.