BCL of Texas

Street Address:
Corporate Office: 2212 S. Congress Ave., Austin, Texas 78704
HomeOwnership Center: 1322 Record Crossing, Dallas TX 75235
Austin/Dallas, TX 78704
Mailing Address:2212 S. Congress Ave.
Austin, TX 78704

Phone: 512-912-9884
Fax: 512-912-9869
Website: www.bcloftexas.org

Rosa Rios Valdez, Executive Director

Contact Name: Raquel Valdez
Phone: 512-383-0025x100
Fax:
Email: rvaldez@bcloftexas.org


Staff Size: Full Time: 9    Part Time: 2

Background
WHO WE ARE: Established by community volunteers from the central Texas region in 1990, BCL of Texas is a not-for-profit community development corporation, which furthers economic development by promoting and assisting in the growth of small businesses in Texas. In addition to providing business with counseling and technical assistance, BCL of Texas originates, underwrites, processes, closes and services business loans to healthy, growing businesses. Its mission is to create long-term jobs through business development and ensure that local communities benefit by an increased sales and property tax base for the long term. Additionally, the organization also provides homebuyer education programs, assists first-time homebuyers with the purchase of their first home and helps customers remain responsible and successful homebuyers. WHAT WE DO BCL is a leader in business expansion capital and community development. When a business comes to BCL of Texas, the organization: Assesses their needs and provides counseling on how to help their situation Provides underwriting to determine if the business is financially sound enough to take on debt Offers technical assistance to teach businesses new management techniques, new ways to market their business, how to retain accounts, etc. Structures, packages and processes loans for qualified businesses PROGRAMS AND SERVICES Ask for 504 - Commercial Real Estate & Equipment Financing provides commercial loans for business expansions throughout Texas, ranging from $250,000 – $3,000,000 Community Facilities - Loan Program provides loans to community facilities, such as affordable multi-family housing, affordable single-family construction loans, health centers, adult and child care facilities, industrial parks and more BizAid - Business Development offers business assistance through counseling businesses, business plan development, providing business technical assistance, mentoring and lender briefings Home of Our Own- Homebuyer Education assists hundreds of families to become homeowners and, through affiliates, helps build subdivisions for working families Money Matters - Financial Literacy supports helping youth of Texas receive higher education and financial literacy through 8 Steps For Achieving Financial Independence program

Mission
The mission of BCL of Texas is to further the economic development of its rural service region by promoting and assisting in the growth and development of small business concerns. In addition, BCL of Texas seeks to diversity, stabilize the local economy within its charter boundaries, and will assist in the development of affordable housing to low and moderate income families.

Total Operating Expense (9/30/2007): $1,024,567

 Lines of Business
  • Asset and Property Management

  • Community Based Economic Development

  • Community Building and Organizing

  • Home Ownership Preservation

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 140 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 316 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 32 rental units.
  • Invested $ in the community through Cen-Tex Certified Development Corporation's revolving loan fund, which leveraged $49,488,335 from conventional lenders and other sources.
  • Total direct investment in the community is $49,488,335.

    • Additional Accomplishments
    Date Additional Accomplishment
    12/15/2005 Formed an entrepreneurial collaborative with five business technology centers to serve 33 South Texas counties
    6/30/2006 Facilitated more than $13,367,107 in Texas through its lending programs and created 123 jobs
    7/1/2006 Provided homebuyer education to 1,559 families, of which 923 purchased a home
    3/1/2007 Assisted 400 businesses owners with business development counseling
    3/9/2007 Since its inception, BCL of Texas has facilitated more than $200 million in business loans throughout Texas and has created more than 3,000 jobs.
    10/15/2009 _

    Community Services
  • Community Building

  •  Business/Merchant Relationship

  •  Community Outreach and Organizing

  •  Leadership Training

  •  Small Business Development

  • Financial Planning and Assistance

  •  Financial Education

  •  Foreclosure Prevention Counseling

  •  Foreclosure Prevention Training

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  Rental Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Liz AllenBoard Vice PresidentFinancial InstitutionBrady National BankCredit Manager
    David BrennanBoard MemberFinancial InstitutionExtraco BanksExecutive Vice President
    Cherrie FisherBoard SecretaryBusinessAT&TProject Manager
    Andres GarzaBoard PresidentLocal GovernmentCity of WhartonCity Manager
    Billie JonesBoard TreasurerOther  
    Barry LewisBoard MemberBusinessSCOREVolunteer Counselor
    Margie MooreBoard MemberLocal GovernmentGlobal Marteteer GroupPresident
    David SalinasBoard MemberBusinessSalinas Engineering & AssociatesPresident
    Jose "Pepe" TrevinoBoard MemberLocal GovernmentCity of PearsallCity Manager

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Rocky Mountain
    Name:  Josie Martinez-Littig
    Phone:  303-782-4805
    Toll-Free:  
    Fax:  303-782-5568
    Email:  jlittig@nw.org