CDC of Brownsville

Brownsville,
TX
(2017)

CDC of Brownsville

Affordable Housing, Community, Housing, Retail

NMTC financing supported the creation of affordable housing in Brownsville.

Investment

NMTC Amount: $4,875,000
Total Project Cost: $5,000,000

IMPACT

1 FTE jobs
50 construction jobs

CDEs

Housing Partnership Network

Investor

Unknown

Voices from the Community

“The need is immense. The lack of affordable housing means the region can’t build them fast enough, and what is built fills up quickly. At the same time, without subsidies, many people here can’t afford what is built.”

-Nick Mitchell-Bennett, Executive Director of CDCB on their NMTC project

Project Description

One-third of Brownsville’s residents live below the federal poverty line. In the rural areas, 90% of residents live below the poverty line, and the housing needs there are even more extreme. Some residents still do not have indoor plumbing

Despite these conditions, Brownsville is in close proximity to job centers, and the residential communities are near commercial retail, social services, and parks, as well as several airports and Valley Baptist Medical Center, ranked one of the top 100 hospitals in the US Those assets have made Brownsville a draw, combining immigration from the south and good weather bringing those from the north, increasing its population by 30 percent annually in recent years. This growth has caused a massive housing shortage, especially in areas of extreme poverty.

Last year, CDCB served 900 first-time clients and over 3,000 returning clients

MAP

Address: 7606 Arrowwood Avenue, Brownsville, TX 78520

Census Tract: 48061014400

Other Texas Projects

Los Barrios Unidos Community Clinic

Dallas,
TX
(2015)

Behavioral Health, Community, FQHCs, Healthcare

CDE(s): Capital One, Primary Care Development Corporation

NMTC financing for a new Family Health Center, a new 21,400 square foot clinic offering 15 exam rooms, 3 open team stations with 4 modular workstations each, a large ground

North Texas Food Bank

Planno,
TX
(2017)

Community, Shelters and Community Food

CDE(s): Pacesetter CDE, Texas Mezzanine Fund

The North Texas Food Bank addresses the critical issue of hunger by providing food-insecure North Texans with edible surplus food and grocery items otherwise destined for landfills.

Pioneer Frozen Foods

Dallas,
TX
(2016)

Business Development, Food Manufacturing, Manufacturing

CDE(s): CRFUSA, Dallas Development Fund

Dallas Development Fund provided $8 million in NMTC allocation to Pioneer Frozen Foods in June 2016 to support a new, state-of-the-art food manufacturing facility.

Tubelite, Inc.

Mesquite,
TX
(2022)

Manufacturing

CDE(s): CEI Capital Management

NMTC financing was used to provide for working capital needs, plus reimbursement for capital improvements at Tubelite’s facility in Mesquite, TX.