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 Businesses.

Outcomes

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.