Midland CDC

What Midland CDC does

Midland Community Development Corporation (MCDC) is a 501(c)(3) nonprofit community development corporation headquartered in Midland, Texas, originally founded in 1989 as the Midland Hispanic Chamber of Commerce Educational Development Foundation and rebranded to its current identity around 2000. The organization operates as a HUD-approved Housing Counseling Agency, serving economically disadvantaged families, first-time homebuyers, low-to-moderate-income households, public-sector employees, and small businesses in the Midland metropolitan area. Its core service line consists of Home Pre-Purchase Consultation Services (one-on-one counseling with HUD-certified counselors), the Mortgage Principal Reduction Program (MPRP) offering up to $25,000 in principal reduction for qualified buyers purchasing homes built by sister company MCHDO, and resident services for its multi-family communities including ESL classes, financial planning, health fairs, and senior services.

MCDC develops affordable housing directly, with completed inventory including six single-family subdivisions and townhome developments totaling approximately 153 single-family homes/townhomes (Old Pueblo Park, South Pueblo Park, Pueblo San Juan, Glenn Francis Addition, Pueblo Del Arroyo, W.C. Barber) and 192 multi-family apartments across Playa del Pueblo and Westridge Senior. The organization is currently executing Hillcrest Acres, a 90-unit single-family development between W Cuthbert Ave and Princeton Ave. As a community service organization rather than a technology company, MCDC does not employ proprietary software; service intake occurs via Microsoft Forms, application processes are manual and consultative, and the bilingual website (English and Spanish) functions as the primary digital touchpoint. The organization operates a sister-company structure with the Midland Community Housing Development Organization (MCHDO) that vertically integrates home construction with buyer qualification and financing.

MCDC's revenue derives from four streams: charitable donations and contributions, recurring office lease income from the Midland Business Development Center (MBDC) at $400/month per available suite, one-time sale proceeds from affordable housing developments, and nominal credit-report fees in its counseling services. The go-to-market is relationship-led, anchored by partnerships with seven regional banks (American Momentum Bank, Bank of America, Community National Bank, Frost Bank, Prime Lending, Prosperity Bank, West Texas National Bank), the City of Midland (administering the Homebuyer Assistance Program/HAP), HUD, and the Federal Home Loan Bank of Dallas (administering the HELP program offering up to $25,000 in additional down payment assistance). The customer base is diversified and individually small-scale, spanning first-time homebuyers, multi-family tenants, and small business office tenants; no single client materially drives revenue.

Name

Midland CDC

Legal name

Midland Community Development Corporation

Website

https://midlandcdc.org

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Midland CDC is a HUD-approved Housing Counseling Agency and 501(c)(3) nonprofit in Midland, Texas providing affordable housing counseling, mortgage principal reduction up to $25,000, and single-family and multi-family housing development for first-time homebuyers, low-to-moderate-income households, and small businesses.

Ownership category

akta.pro rank

Product category

Community Development & Affordable Housing Services

NAICS

Community Housing Services (62422), Other Individual and Family Services (624190), Civic and Social Organizations (813410)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Affordable housing development
• Housing counseling services
• Mortgage principal reduction
• Homebuyer education programs
• Community development nonprofit

Headquarters

HQ city

Midland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Donations and Contributions: The organization accepts charitable donations from individuals and organizations to support its mission of building affordable housing and providing homebuyer services to economically disadvantaged families in Midland.
2. Office Space Leasing: MCDC offers competitively-priced office leases to local small businesses and startups through the Midland Business Development Center (MBDC). Current available suites starting at $400/month.
3. Housing Development: MCDC develops affordable single-family homes and multi-family properties, providing homeownership opportunities for qualified buyers.
4. HUD Housing Counseling Services: Free home pre-purchase consultation services with a nominal fee required only for credit report processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Midland Community Development Corporation (MCDC) is a HUD-approved Housing Counseling Agency that provides one-on-one homebuyer consultations, mortgage principal reduction assistance up to $25,000, financial literacy and credit counseling, and develops affordable single-family and multi-family housing in Midland, Texas. The organization also operates the Midland Business Development Center (MBDC), offering competitively-priced office leases to small businesses and nonprofits.

Product overview

Midland CDC operates as a HUD-approved Housing Counseling Agency offering a unified suite of housing-related services. The core offerings consist of Home Pre-Purchase Consultation Services and the Mortgage Principal Reduction Program (MPRP), which work together to prepare buyers for homeownership and reduce mortgage costs. Supporting these are Playa del Pueblo Resident Services for multifamily tenants and MBDC office leases for small businesses. Real estate development includes single-family homes (Old Pueblo Park, South Pueblo Park, Pueblo San Juan, Glenn Francis Addition, Pueblo Del Arroyo, W.C. Barber) and multifamily properties (Playa del Pueblo, Westridge Senior Apartments), with Hillcrest Acres currently in development. Partner programs include the City of Midland HAP and Federal Home Loan Bank HELP program for down payment assistance.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Pre-Purchase Consultation Services HUD-certified housing counseling service providing free one-on-one consultations to help prospective homebuyers determine eligibility for programs and resources, covering the home buying process, credit counseling, insurance, and down payment assistance. A nominal fee is required only for credit report processing.
• Mortgage Principal Reduction Program (MPRP) Financial assistance program offering up to $25,000 in mortgage principal reduction to qualified buyers purchasing homes built by sister company MCHDO. Available to low-to-moderate income households and full-time employees of City of Midland, Midland Memorial Hospital, and Midland ISD. Buyers must reside in the home for 10 years or repay on a prorated basis.
• Playa del Pueblo Resident Services Resident services for the Playa del Pueblo apartment community including ESL classes, financial planning courses, health fairs, notary services, tax preparation, and chore services for seniors and persons with disabilities.
• Midland Business Development Center (MBDC) Office Leases Competitively-priced office lease program for local small businesses, startups, and nonprofits at the centrally-located MBDC facility. Available suites start at $400/month and include professional environment, IT infrastructure, meeting room access, networking opportunities, janitorial services, and free parking.
• Single-Family Housing Developments Development of affordable single-family homes and townhomes through community partnerships. Completed projects include Old Pueblo Park (32 homes), South Pueblo Park (33 homes), Pueblo San Juan (23 homes), Glenn Francis Addition (24 homes), Pueblo Del Arroyo (34 homes), and W.C. Barber (7 townhomes).
• Multi-Family Housing Developments Development of multi-unit affordable housing properties including Playa del Pueblo (96 apartment homes) and Westridge Senior Apartments (96 senior apartment homes).
• Hillcrest Acres Current affordable housing development project of 90 single-family homes located between W Cuthbert Ave and Princeton Ave in Midland, TX.
• City of Midland Homebuyer Assistance Program (HAP) Zero-interest deferred loan program administered by the City of Midland for qualified buyers, with assistance filed as second-position lien. Loan is forgiven if buyer resides in the home for ten years.
• Homebuyer Equity Leverage Partnership (HELP) Program managed by Federal Home Loan Bank of Dallas offering up to $25,000 in down payment assistance and closing costs to qualified homebuyers through partner lending institutions.

Quantifiable outcome

• 249 single-family homes and townhomes built and completed
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• City of MidlandcoreStrategic or Co-development PartnerGovernment entity partner providing support for community development initiatives and administering the Homebuyer Assistance Program (HAP).
• U.S. Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerFederal agency that has approved MCDC as a Housing Counseling Agency, enabling access to housing programs and resources.
• Midland Community Housing Development Organization (MCHDO)coreStrategic or Co-development PartnerSister company of MCDC that builds homes. MCDC's Mortgage Principal Reduction Program assists buyers purchasing homes built by MCHDO.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NeighborWorks America: National network of more than 240 community-based, HUD-approved housing counseling and development organizations that operate the same nonprofit, mission-driven model as Midland CDC; structurally the closest analog at a national scale.
• Habitat for Humanity of Midland: Local Habitat affiliate operating in the same Midland, TX market with an overlapping mission of affordable homeownership for low-to-moderate income families; competes for similar donor pools, volunteer bases, and program participants.

Broad incumbents

• Enterprise Community Partners: Major national nonprofit affordable housing developer and HUD program partner operating at significantly larger scale; comparable mission and program activities (housing counseling, development, resident services) as MCDC across multiple geographies.
• Local Initiatives Support Corporation (LISC): Large national community development intermediary and CDFI that finances and supports local CDCs and affordable housing developers, performing a structurally similar role to MCDC's lender-and-grant aggregation function but at national scale.
• Habitat for Humanity International: National parent of local Habitat affiliates, including Habitat for Humanity of Midland; overlapping mission of affordable housing for low-income families but at vastly larger scale with a direct construction-led delivery model.

Emerging players

• Money Management International: HUD-approved housing counseling and consumer credit counseling agency delivering pre-purchase counseling, financial education, and credit counseling; directly overlaps the counseling service line at MCDC.
• Springboard Nonprofit Consumer Credit Management: HUD-approved nonprofit credit counseling and housing counseling agency providing pre-purchase counseling and financial education comparable to MCDC's HUD-certified housing counseling services.

Others

• Texas Department of Housing and Community Affairs: State agency administering Texas affordable housing programs (HOME, HTC, and first-time homebuyer assistance) that complement and partially overlap with MCDC's local counseling and down-payment assistance work in Texas.
• Federal Home Loan Bank of Dallas: One of eleven Federal Home Loan Banks and a direct program partner of MCDC; administers the HELP down-payment assistance program that MCDC channels to qualified buyers, functioning as an upstream funder rather than a competitor.

Regional players

• Permian Basin United Way: Regional social-services organization serving similar economically disadvantaged populations in the Permian Basin, including housing and financial stability programs that overlap with MCDC's counseling and resident services lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/midland-community-development-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Midland CDC