About Us
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Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a 501(c)3 HUD-
approved non-profit housing counseling agency located in east Austin serving the greater Central
Texas area. Formed in 2004 as a nonprofit community development corporation, Frameworks was
granted its 501(c)3 in March of 2005 and subsequently received its HUD approval.
In June of 2005, Frameworks launched an affordable housing and community redevelopment
initiative in the greater central Texas region. One of its chief strategies for increasing
homeownership among low-to moderate income families was to provide financial literacy
education and homeownership education to potential homeowners to overcome barriers to
obtaining affordable and safe housing. Frameworks CDC started its Home of Your Own: Keys
To Homeownership program in June of 2005.
Realizing that many homeowners were entering into exotic, subprime and in many cases outright
predatory loans, Frameworks started a loss mitigation and foreclosure intervention program in
February 2006. It wasn't until late 2007 that the mortgage crisis really started having an impact and
by late 2008 many families were seeking help and relying on organizations such as Frameworks
to help them with their mortgage woes. Currently, Frameworks is helping hundreds of families
facing mortgage delinquency and/or foreclosure while still assisting hundreds more who are
interested in purchasing a home.
Frameworks is also currently working with several major banks and with the Neighborhood
Stabilization Program to acquire foreclosed homes to resale these homes to low and moderate
income families to help stabilize communities torn apart by foreclosures. Frameworks CDC has
acquired several foreclosed homes in communities with high foreclosure rates for rehabilitation and
resale to working families to help strengthen communities.
approved non-profit housing counseling agency located in east Austin serving the greater Central
Texas area. Formed in 2004 as a nonprofit community development corporation, Frameworks was
granted its 501(c)3 in March of 2005 and subsequently received its HUD approval.
In June of 2005, Frameworks launched an affordable housing and community redevelopment
initiative in the greater central Texas region. One of its chief strategies for increasing
homeownership among low-to moderate income families was to provide financial literacy
education and homeownership education to potential homeowners to overcome barriers to
obtaining affordable and safe housing. Frameworks CDC started its Home of Your Own: Keys
To Homeownership program in June of 2005.
Realizing that many homeowners were entering into exotic, subprime and in many cases outright
predatory loans, Frameworks started a loss mitigation and foreclosure intervention program in
February 2006. It wasn't until late 2007 that the mortgage crisis really started having an impact and
by late 2008 many families were seeking help and relying on organizations such as Frameworks
to help them with their mortgage woes. Currently, Frameworks is helping hundreds of families
facing mortgage delinquency and/or foreclosure while still assisting hundreds more who are
interested in purchasing a home.
Frameworks is also currently working with several major banks and with the Neighborhood
Stabilization Program to acquire foreclosed homes to resale these homes to low and moderate
income families to help stabilize communities torn apart by foreclosures. Frameworks CDC has
acquired several foreclosed homes in communities with high foreclosure rates for rehabilitation and
resale to working families to help strengthen communities.
Mission Statement
Expand opportunities for
low-to-moderate income
families of the greater
Central Texas area to obtain
affordable housing by
constructing, rehabilitating,
preserving and providing
decent, safe, and sanitary
housing for these families, to
combat the deterioration of
the community and
contribute to its physical and
economic improvement, and
to provide home-purchasing
(pre-purchase,
post-purchase and
foreclosure prevention)
education and counseling,
financial literacy, and credit
education.
Expand opportunities for
low-to-moderate income
families of the greater
Central Texas area to obtain
affordable housing by
constructing, rehabilitating,
preserving and providing
decent, safe, and sanitary
housing for these families, to
combat the deterioration of
the community and
contribute to its physical and
economic improvement, and
to provide home-purchasing
(pre-purchase,
post-purchase and
foreclosure prevention)
education and counseling,
financial literacy, and credit
education.
Executive Director
Joyce McDonald is the Executive Director and co-founder of Frameworks Community
Development Corporation. Under her direction, the organization has partnered with major banks
to provide loans to the underserved markets including low-to-moderate income households and
minorities. The financial literacy program is taught at high schools, colleges, community centers
and other institutions throughout the community. She has been certified by NeighborWorks
America for “Homebuyer Education and Counseling” and “Combating Predatory Lending”.
Joyce McDonald graduated from New York Institute of Technology with a bachelor of science in
Business Administration with a major course of study in Finance and minor course of study in
Economics in 1993. In 1993, she was also inducted as a lifelong standing member of the
Omnicron Delta Epsilon Society for Economists. Her background includes twenty years of
experience in the securities and banking industry. She worked for various banking and financial
institutions including Dean Witter Reynolds and Shearson Lehman Brothers, well know names in
the finance world.
Ms. McDonald continues to devote her time and energy to planning and structuring Frameworks
CDC to fill a void of financial knowledge for low and moderate-income families as well as help
prepare these same working class families to become successful homeowners. Her goals for
young people are to provide the knowledge needed to promote sound financial decision making
and increase their opportunities to achieve long-term economic stability. Her desire is to see the
community continue to grow with stable and prospering families who have the skills needed to
develop wealth.
Joyce McDonald is the Executive Director and co-founder of Frameworks Community
Development Corporation. Under her direction, the organization has partnered with major banks
to provide loans to the underserved markets including low-to-moderate income households and
minorities. The financial literacy program is taught at high schools, colleges, community centers
and other institutions throughout the community. She has been certified by NeighborWorks
America for “Homebuyer Education and Counseling” and “Combating Predatory Lending”.
Joyce McDonald graduated from New York Institute of Technology with a bachelor of science in
Business Administration with a major course of study in Finance and minor course of study in
Economics in 1993. In 1993, she was also inducted as a lifelong standing member of the
Omnicron Delta Epsilon Society for Economists. Her background includes twenty years of
experience in the securities and banking industry. She worked for various banking and financial
institutions including Dean Witter Reynolds and Shearson Lehman Brothers, well know names in
the finance world.
Ms. McDonald continues to devote her time and energy to planning and structuring Frameworks
CDC to fill a void of financial knowledge for low and moderate-income families as well as help
prepare these same working class families to become successful homeowners. Her goals for
young people are to provide the knowledge needed to promote sound financial decision making
and increase their opportunities to achieve long-term economic stability. Her desire is to see the
community continue to grow with stable and prospering families who have the skills needed to
develop wealth.
Director of Operations& Co-Founder
Donald Degollado
Donald supervises the programs offered by
Frameworks including the Acquisition and
Rehabilitation of foreclosed properties, the Homebuyer
Education programs and Foreclosure Prevention
Counseling services. He also provides counseling to
clients and is an instructor for Homebuyer Education
and Financial Literacy. He has received NeighborWorks
America certification for Homebuyer Education and
Counseling and Foreclosure Intervention Counseling.
Mr. Degollado, a licensed bilingual realtor, has focused
his real estate career in helping first-time homebuyers.
Donald Degollado
Donald supervises the programs offered by
Frameworks including the Acquisition and
Rehabilitation of foreclosed properties, the Homebuyer
Education programs and Foreclosure Prevention
Counseling services. He also provides counseling to
clients and is an instructor for Homebuyer Education
and Financial Literacy. He has received NeighborWorks
America certification for Homebuyer Education and
Counseling and Foreclosure Intervention Counseling.
Mr. Degollado, a licensed bilingual realtor, has focused
his real estate career in helping first-time homebuyers.
Director of Housing Development
Rory O'Malley
Rory has 29 years of experience in financing and
developing affordable housing. That experience includes
new construction and acquisition and rehabilitation of
single family housing, duplexes, and multifamily
housing. The total number of units in seven acquisition
and rehabilitation projects was 654. Sources of
financing included tax exempt bonds, conventional
financing, governmental and foundation grants.
Rory O'Malley
Rory has 29 years of experience in financing and
developing affordable housing. That experience includes
new construction and acquisition and rehabilitation of
single family housing, duplexes, and multifamily
housing. The total number of units in seven acquisition
and rehabilitation projects was 654. Sources of
financing included tax exempt bonds, conventional
financing, governmental and foundation grants.
Director of Single Family Housing
Lazaro (Larry) Cabrera
Larry has 28 years of experience in the development
of single family housing and the acquisition and
rehabilitation of single family housing and multifamily
housing. The total number of units in acquisition and
rehabilitation projects was 890. Sources of financing
included tax exempt bonds, conventional financing,
private equity, Community Development Block Grant
funds and HOME Investment Partnership funds.
Lazaro (Larry) Cabrera
Larry has 28 years of experience in the development
of single family housing and the acquisition and
rehabilitation of single family housing and multifamily
housing. The total number of units in acquisition and
rehabilitation projects was 890. Sources of financing
included tax exempt bonds, conventional financing,
private equity, Community Development Block Grant
funds and HOME Investment Partnership funds.
| Frameworks Community Development Corporation 701 Tillery Street, Suite A-7B, Box 15 Austin, Texas 78702 Phone: 512.385.1500 Fax: 512.385.1503 Contact Us About Us Supporters |
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