What is cdcb?
The Community Development Corporation of Brownsville (CDCB) is a private, 501(c)(3) non-profit community housing development organization (CHDO) founded in 1974. It specializes in providing safe, sanitary, and affordable housing solutions, particularly for homeownership, across the lower Rio Grande Valley of Texas, including Cameron and Willacy Counties. CDCB is recognized as one of the largest non-profit producers of single-family housing for homeownership in Texas. Its operations are guided by a 12-person volunteer Board of Directors, ensuring community-based policy determination. The organization's service area is the southernmost region of the United States, bordering Mexico and the Gulf of Mexico.
How much funding has cdcb raised?
cdcb has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for cdcb?
With the recent influx of capital from a major strategic investment, CDCB is poised for continued expansion and enhanced service delivery. This large-scale, late-stage funding suggests a focus on scaling existing programs, potentially increasing the number of affordable housing units developed, or exploring new initiatives to further serve its target communities in the lower Rio Grande Valley. The strategic nature of this investment may also indicate partnerships or collaborations aimed at maximizing impact and sustainability in its mission to provide affordable housing.
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