Our Purpose
Provide financing to businesses and other enterprises
Promote, stimulate, develop, and advance the business, prosperity, employment, and economic welfare of distressed and underserved communities throughout the State of Texas.
Encourage and Assist businesses and other enterprises
Loans, investments, and other business transactions
Increase the number of minority-owned businesses
Rehabilitation and Expansion of Existing Businesses
Improve employment and business opportunities for residents of distressed communities.
Our goal is to create economic avenues through the cooperative efforts of shareholder financial institutions and others.
“Our mission statement has several steps, but at the core, we’re here to provide access to capital for communities that need it most. Small businesses in low-to-moderate-income areas often face funding barriers, and we work to change that.”
Board of Directors
Brian Collins, CPA
Chair
SVP, Director of Finance, WoodForest National Bank
The Woodlands
Brian Dennison
Vice Chair
SVP, Fort Worth Housing Solutions
Fort Worth
Marlon Mitchell
Secretary
President, Houston Business Development, Inc.
Houston
Victor J. Elmore, CPA
President, Texas Mezzanine Fund, Inc.
Dallas
Gilbert Gerst
SVP, Manager, Community Development Banking Group, BOK Financial
Dallas
Rob Ivey
Board of Director, Inwood National Bank
Dallas
Reymundo Ocañas
EVP, Southwest Territory Executive, Community Development Banking, PNC Bank
Houston
Maggie Parker
Managing Partner, Innovan Neighborhoods, LLC
Dallas
Paul Turney
President & CEO, Brazos Valley CDC
Bryan
Stephen P. Tigh
SVP, Commercial Banking Leader, Regions Bank
Dallas
Matt Hull
Executive Director, Texas Association of CDC
Austin
Leadership & Staff
Derric Hicks
Chief Executive Officer
Victor J. Elmore, CPA
President
Karenthia Hill, CPA
Controller / Corporate Secretary
Dan Villegas
Chief Lending Officer
LaChandra Cobb
Loan Officer
Rosie Rueda
Loan Officer
Erma Saracho
Loan Portfolio Administrator
Sicquiela Aguilar
Sr. Lending Assistant
Elizabeth Yount
Office Manager / Marketing