SocialFunds.com

Community Investment Center
Back to Community Investment Center
Powered by: SRI World Group web development services Calvert Foundation
McAllen Affordable Homes

1420 Erie Avenue
McAllen, TX 78501

Contact: Robert Calvillo, Executive Director
Phone: 956-687-6263
Fax: 956-682-9751
URL: www.mcallenaffordablehomes.com
Email: mahi@mcallenaffordablehomes.com
 

McAllen Affordable Homes (MAHI) has been developing land, building, selling and financing affordable homes in McAllen, Texas since 1976 when it was created by the City of McAllen to foster the development of affordable housing. Since its creation MAHI has helped more than 2500 families become homeowners. Though it is an independent entity, it works closely with the City, and receives much of its total revenues from the City's allocations of HOME and CDBG funding.

Program



Client Population

As a mortgage lender, MAHI provides flexible underwriting criteria and serves very-low income households. Currently, MAHI serves families earning on average less than 50 percent of the area median income. Single-parent households, primarily headed by women, comprise over half of MAHI's clients. To facilitate homeownership, MAHI maintains all decision making at the community level. On-staff loan officers regularly underwrite all loan applications. MAHI's executive committee reviews loan applicants on a monthly basis.

Impact




Back to Community Investment Center

Mutual Funds | Community Investing | News | Sustainability Reports | Corporate Research | Shareowner Actions | Financial Services | Conferences
Home | Login | Contact | Support This Site | Terms of Use | Privacy Statement | Reprints


© 1998-2018 SRI World Group, Inc. All Rights Reserved.

Created and maintained by
SRI World Group web development services
Do your own research Work with an advisor SRI News SRI Learning Center Home