What is cdcb?
Founded in 1974, the Community Development Corporation of Brownsville (CDCB) is a private, 501(c)(3) non-profit community housing development organization (CHDO). Based in the lower Rio Grande Valley, Texas, CDCB has distinguished itself as one of the largest non-profit producers of single-family housing for homeownership in the state. Governed by a 12-person volunteer Board of Directors, the organization focuses on providing safe, sanitary, and affordable housing solutions to residents in Cameron and Willacy Counties, Texas, an area bordering Mexico and the Gulf of Mexico. Its operational scope is dedicated to enhancing the quality of life through sustainable housing development.
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?
The company's large-scale late-stage funding context suggests a mature operational phase, likely focused on scaling existing programs and potentially expanding its geographical reach or developing new housing initiatives. This strategic investment will likely bolster CDCB's capacity to continue its significant contributions to affordable homeownership and community development in its service area. Future endeavors may involve leveraging this capital for larger-scale projects, enhancing infrastructure, or exploring innovative housing models to meet evolving community needs.
See full cdcb company page
