Sylvia Garcia (D-TX29)

Impact in the District

Between 2005 and 2023, there was $154.2 million in total lending from CDFI Fund award recipients, including $61.2 million in loans to businesses and entrepreneurs, $32.9 million in consumer lending, $24.8 million in lending to commercial real estate and community facilities, with the balance going to other activities. For more impact data, check out the CDFI Advocacy App over at CDFI Friendly America.

Stories from the District
Beta Academy
New elementary school project for a high-performing charter school
CHC Subsidizes New Affordable Homes in Houston, Texas with New Market Tax Credits
Avenue CDC is one of five non-profit recipients of Community Housing Capital’s (CHC) $30 million New Markets Tax Credit (NMTC) allocation. With a $5 million NMTC allocation from CHC, Avenue CDC plans to build approximately sixteen affordable homes at three different sites in the Northline community of Houston, Texas. CHC’s NMTC allocation and source loan will allow Avenue CDC to sell the homes at a lower price while not sacrificing construction quality.
Houston Meat Distributors
PeopleFund Client Story
PeopleFund Partners with Harris County to Launch Historic Loan Fund
PeopleFund is proud to announce its partnership with Harris County to establish and manage the Harris County Opportunity Fund, a revolving loan program designed to support small businesses.
Unchartered Territory Solutions
PeopleFund Client Story
UP Community Impact Fund Corp., Founder of the East End Maker Hub
UP CDC is a nonprofit economic development organization specializing in real estate development. It has just over $70 million in assets, is a partner in four affordable housing multifamily projects, and is the developer of the East End Maker Hub (EEMH), home to TXRX Labs and 51 small manufacturing enterprises.
CDFIs with Branches in the District
ESSENTIAL CREDIT UNION
ESSENTIAL CREDIT UNION
LIGHT COMMERCE CREDIT UNION
Priority Trust Credit Union
Priority Trust Credit Union
Texas Bay Credit Union
Texas Bay Credit Union
Texas Bay Credit Union
Texas Bay Credit Union
UP Community Impact Fund Corp.

Map of CDFI Branches and Stories in

Texas Fact Sheet