Welcome to the home of Frameworks Community Development Corporation!
Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a nonprofit HUD-approved community development corporation serving the greater Central Texas area. Frameworks CDC is a leader in providing foreclosure prevention services in the greater central Texas area. Frameworks CDC provides FREE foreclosure prevention counseling to families at risk of foreclosure and intervenes with banks to help families avoid foreclosure. All counselors have been fully trained and certified to provide foreclosure prevention services.
Frameworks CDC also helps families who are seeking affordable housing and affordable loan products. We help families qualify and locate affordable housing and low-cost mortgage loans with flexible guidelines. Frameworks CDC has partnered with numerous lenders, developers (both non-profit and for- profit), builders and other key players in the community to make homeownership a reality for Austin and Central Texas families.
Frameworks CDC has made the dream of homeownership a reality for many families through homeownership education and counseling and by partnering with banks to provide low-cost, low-interest mortgage loans. Please feel free to contact us if you are interested in financial literacy education or homeownership education and counseling. Also, feel free to browse our website and learn more about who we are and what we do. If we can be of assistance contact us.
Frameworks CDC Overall Community Impact
Frameworks CDC has counseled and educated over 750 families since June, 2005 with the following outcomes:
Over 500 families are now homeowners.
420 of the families are first time homeowners.
Ninety-eight percent of the families have low-to-moderate incomes.
The average purchase price for a home was approximately $122,955
Each of the families who are now homeowners will accumulate an average of $62,807 in home equity in one decade of homeownership.
Over $1.1 million of local tax revenues generated per year.
Banks have invested over $40.7 million in families through affordable mortgage lending.
Futhermore, Frameworks CDC has helped many families retain their home through foreclosure prevention services.
Frameworks CDC Goals For 2009
Expand its pre-purchase homebuyer education and counseling program to serve 400 families with at least 300 families becoming homeowners on a yearly basis.
Expand our foreclosure prevention program to help families at risk of foreclosure .
Implement an Employer-Assisted Housing Program to provider employers with options to provide financial literacy, homebuyer education and homeownership assistance to their employees as a benefit
Partner with additional developers and builders who provide affordable homeownership opportunities in the greater Central Texas area
Partner with organizations to provide post-purchase education covering topics such as home- improvement, maintenance, investing and other topics vital to furthering wealth-building and home maintenance
Develop partnerships with employers, non-profits and government agencies to further the mission of helping achieve long-term homeownership by providing quality financial literacy and homebuyer education to their constituencies and employees
Frameworks CDC can be contacted by calling 512.385.1500 or via email at Info@FrameworksCDC.org. We are conveniently located on the eastside of Austin at 701 Tillery Street, Suite A-7B, Austin, TX 78702.
Please click above to register for FREE Foreclosure Prevention Counseling.