What aama-cdc does

AAMA-CDC (legal name: AAMA Community Development Corporation, Inc.) is a 501(c)(3) Texas-chartered non-profit community development corporation founded in 1988 and headquartered at 4600 Gulf Freeway in Houston. Its mission is to address unmet housing, economic development, and community revitalization needs of Hispanic communities in Houston's East End, South Texas, and the Rio Grande Valley. The organization is governed by an independent Board of Directors, is not affiliated with AAMA, Inc., and operates with a small staff led by CEO/Vice-Chair Peter Clementi and Program Coordinator Nicole Lemaster.

AAMA-CDC's core business is the development, ownership, and management of affordable real estate assets. Its active portfolio comprises Plaza De Magnolia (84 affordable rental units, developed 1995 with Low-Income Housing Tax Credits) and Concord at Allendale (264 multifamily units, completed 2003 as a joint venture with Trammel Crow Residential), totaling 348 units of affordable housing for families at or below 60% of Houston SMA median income. Beyond rental housing, the organization holds Valley Center (a 21,000 sq. ft. Edinburg, TX social-services facility acquired 2000 under a long-term lease) and has a visible pipeline including Las Villas De Magnolia (116-unit senior center), a 110-unit affordable homeownership project, a planned charter middle school affiliation, and a medical clinic rehabilitation. Programs such as Business Literacy Houston and the Harrisburg-Wayside Revitalization Program extend the model into small-business technical assistance.

The revenue model is primarily rental income from owned/managed affordable housing, supplemented by a commercial lease at Valley Center. Capital is sourced from a structured stack of LIHTC equity (National Equity Fund), tax-exempt bond financing, interim and permanent bank financing (Bank of Texas, Washington Mutual, Metro Bank, Laredo Nation Bank), and gap financing from the City of Houston. The organization reports a balance sheet of $20M+, cumulative funding directed exceeding $27M, and over 4,000 people served annually. It is not a technology business; core operating capability is real-estate development, partnership orchestration, and compliance with affordable-housing regulatory regimes.

Name

aama-cdc

Legal name

AAMA Community Development Corporation, Inc.

Website

https://aamacdc.org

Company type

Private

Founded year

1988

Operating status

Operating

Short description

AAMA-CDC is a 501(c)(3) non-profit community development corporation that develops, owns, and manages affordable rental housing, senior living, and social-services real estate for low- and moderate-income Hispanic families in Houston's East End and South Texas.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Administration of Housing Programs (925110), Administration of Housing Programs (92511), Administration of Urban Planning and Community and Rural Development (92512), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

Keywords

• Affordable housing development
• Community development programs
• Property management services
• Economic development assistance
• Neighborhood revitalization services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Housing Development and Property Management: AAMA-CDC generates revenue through developing and managing affordable housing properties. They serve as managing partner or owner of housing complexes, collecting rental income from tenants. Properties include Plaza De Magnolia (84 units), Concord at Allendale (264 units), and Valley Center (commercial office retrofitted for social services).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

AAMA-CDC develops, owns, and manages affordable housing and community-use properties in Houston's East End, Greater Houston, and South Texas. Its housing portfolio provides income-restricted rental apartments, while its program work supports business development and community revitalization. Project financing and long-term facility leases support its nonprofit operations.

Product overview

AAMA-CDC is a community development corporation offering a portfolio of affordable housing complexes, senior citizen facilities, social services centers, and community development programs primarily serving Houston's East End Hispanic community. Core offerings include: Plaza De Magnolia (84-unit affordable housing complex built in 1995), Concord at Allendale (264-unit multifamily complex), Las Villas De Magnolia (116-unit senior citizens center), Valley Center (social services facility in Edinburg), and various educational/community programs. The organization serves over 4,000 people annually through its housing developments and community initiatives, with projects exceeding $27 million in funding.

Differentiator

Problem solved

Functional benefit

Products and services

• Plaza De Magnolia Apartments An 84-unit affordable apartment complex in Houston developed with Low-Income Housing Tax Credits for lower-income families whose household income does not exceed 60% of the Houston SMA median income. AAMA-CDC served as the project's managing partner.
• Concord at Allendale A 264-unit multifamily affordable-housing complex in Houston offering one- and two-bedroom apartments to families within the 60% income limit. AAMA-CDC owns the property through a wholly owned subsidiary and developed it with Trammel Crow Residential.
• Valley Center A 21,000 sq. ft. commercial property in Edinburg, Texas, leased to a major social service agency. It provides temporary residence, meeting rooms, adjacent office space, parking, and facilities for prevention and recovery programs and youth outreach services.

Quantifiable outcome

• Over 4,000 people served annually through housing and community initiatives
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Trammel Crow ResidentialcoreStrategic or Co-development PartnerJoint venture partner for Concord at Allendale (264-unit multifamily complex). Trammel Crow Residential is one of the largest developers in the nation. AAMA-CDC is sole owner through a wholly-owned subsidiary with Trammel Crow as development partner.
• Whitney Management / Whitney CapitalcoreImplementation/ SI/ Consulting PartnerProperty management company handling day-to-day operations of Valley Center and Plaza De Magnolia properties.
• Texas Association of Community Development Corporations (TACDC)minorStrategic or Co-development PartnerCommunity organization partner - AAMA-CDC participated in TACDC conferences and tours.
• East End Chamber of CommerceminorStrategic or Co-development PartnerPartnership in 1993-94 Harrisburg-Wayside Revitalization Program providing training and technical assistance to area businesses.
• The National Council of La Raza (NCLR)minorStrategic or Co-development PartnerCommunity organization partner - national Hispanic civil rights advocacy organization.
• Locke, Liddell & SappminorImplementation/ SI/ Consulting PartnerLegal counsel firm - Scott Hunsaker has been Legal Counsel to AAMA-CDC since 1992.
• SpawGlass CorporationminorStrategic or Co-development PartnerConstruction company partner - Peter Clementi's Centriole Builders has worked with SpawGlass as Project Manager for large Houston-based builders.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Local Initiatives Support Corporation (LISC): LISC is a national non-profit CDFI that finances and supports community development corporations, including LIHTC affordable housing, making it the closest direct peer to AAMA-CDC's CDC and affordable housing development model, though at vastly larger scale.
• Enterprise Community Partners: Enterprise is a national non-profit that develops and finances affordable housing using LIHTC and complementary capital sources, mirroring AAMA-CDC's mission of building affordable housing in underserved communities but with national reach and a much larger portfolio.
• Mercy Housing: Mercy Housing is a national non-profit affordable housing developer and operator that combines LIHTC development with supportive services for low-income families and seniors, directly comparable to AAMA-CDC's mix of LIHTC family and senior housing.
• BRIDGE Housing: BRIDGE Housing is a West Coast non-profit affordable housing developer that develops, owns, and manages LIHTC and mixed-income communities, comparable to AAMA-CDC's vertically integrated affordable housing model.
• Vecino Group: Vecino Group is a Texas-based affordable housing developer that uses LIHTC and partnerships to deliver housing in underserved markets, including the Rio Grande Valley, sharing AAMA-CDC's geography and development approach.

Regional players

• Houston Housing Authority: The Houston Housing Authority administers public housing and Section 8 voucher programs in the same Houston market where AAMA-CDC operates, often partnering with or contracting to non-profit CDCs like AAMA-CDC to deliver affordable units.

Broad incumbents

• The NRP Group: NRP is a large for-profit multifamily developer that builds affordable and market-rate housing nationally using LIHTC, representing the institutional counterparty model that AAMA-CDC partners with (e.g., Trammel Crow Residential at Concord at Allendale).
• L+M Development Partners: L+M is a for-profit affordable and mixed-income housing developer that uses LIHTC and public financing to build large multifamily communities, broadly comparable to AAMA-CDC's LIHTC-driven development approach at significantly greater scale.

Others

• Texas Association of Community Development Corporations (TACDC): TACDC is the statewide trade association for Texas CDCs that AAMA-CDC is a member of, providing peer networking, advocacy, and capacity-building for community development corporations operating across Texas.
• Houston Land Bank: Houston Land Bank is a public entity that acquires and transfers distressed properties to support affordable housing and community development in Houston, an enabling counterparty in the same affordable housing ecosystem where AAMA-CDC operates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aama-cdc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 aama-cdc