What We Do
Serving low-income persons and communities by utilizing the New Markets Tax Credit to spur private investment in severely distressed underserved neighborhoods with a focus on Minority owned or controlled Owner Occupied Small Businesses.
Projects in Areas of Higher Distress
Total Development Costs
Full Time Jobs Created
Houston Food Bank
HFB will use UDF’s investment to build expanded production kitchen facilities to feed more hungry and food insecure children. Relocating and expanding the kitchen will quadruple the number of meals served per day from 4,000 to 16,000.
Big Brothers Big Sisters
Due to UDF’s investment, BBBSGMV will be able to serve 5,000 children annually. The project created 25 permanent jobs and 52 temporary construction jobs. All employees receive health care benefits, and BBBSGMV estimates that 75% of the employees are low-income at the time of hire.
Friend Health Woodlawn HQ
The Friend Health Woodlawn HQ (the “Project”) is a 45,000 sf new medical clinic and corporate offices located in the economically distressed and Medically Underserved Neighborhood of Woodlawn, Due to UDF’s investment, critical to fully actualizing this “four-corner” solution. Friend Health anticipates it will service over 60,000 patients annually at this new HQ facility.