| About Frameworks CDC |
About Frameworks Community Development Corporation
Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a
Community Development Corporation located in east Austin serving low-to-moderate
income individuals and families in Austin, Texas. Community leaders and Austin
residents formed an organization and called it Frameworks Community Development
Corporation, Inc and filed for incorporation status as a nonprofit in the state of Texas in
December of 2004. In March of 2005, the Internal Revenue Service granted Frameworks
its 501(c)3 status. Furthermore, Frameworks CDC is a H.U.D.-approved housing
counseling agency to provide pre-purchase homebuyer counseling and foreclosure
prevention counseling.
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.
Frameworks CDC identified the need to become a source to identify affordable
community-lending loan products and to offer homeownership education and counseling
to help these families overcome or avoid obstacles to achieve homeownership. Our
objectives are to prepare families for the homeownership process and to help create
sustainable homeownership through classroom training and individual one-on-one
counseling.
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.
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.
Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a
Community Development Corporation located in east Austin serving low-to-moderate
income individuals and families in Austin, Texas. Community leaders and Austin
residents formed an organization and called it Frameworks Community Development
Corporation, Inc and filed for incorporation status as a nonprofit in the state of Texas in
December of 2004. In March of 2005, the Internal Revenue Service granted Frameworks
its 501(c)3 status. Furthermore, Frameworks CDC is a H.U.D.-approved housing
counseling agency to provide pre-purchase homebuyer counseling and foreclosure
prevention counseling.
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.
Frameworks CDC identified the need to become a source to identify affordable
community-lending loan products and to offer homeownership education and counseling
to help these families overcome or avoid obstacles to achieve homeownership. Our
objectives are to prepare families for the homeownership process and to help create
sustainable homeownership through classroom training and individual one-on-one
counseling.
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.
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,
Executive Director
Executive Director
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Request More Information about Frameworks CDC
Frameworks CDC can help you and your family realize the dream of homeownership. Or
if you are an employer in the greater Austin area looking for creative ways to help your
employees benefit from homeownership and/or financial literacy, please contact us. We
have partnerships with different organizations to provide affordable housing
opportunities through our many partnerships and collaborations. Frameworks CDC's
mission is to help working families in the greater Austin and Central Texas area achieve
homeownership, sustain homeownership and to help communities thrive economically.
We look forward to hearing from you. If you have any questions, comments and/or
suggestions, please use this form to contact us. Or if you want to get more information
about our organization or for more information on what we do or our impact on the
community. Feel free to contact us at 512.385.1500. We are located at 701 Tillery Street,
Suite A-7B, Austin, TX 78702.
Frameworks CDC can help you and your family realize the dream of homeownership. Or
if you are an employer in the greater Austin area looking for creative ways to help your
employees benefit from homeownership and/or financial literacy, please contact us. We
have partnerships with different organizations to provide affordable housing
opportunities through our many partnerships and collaborations. Frameworks CDC's
mission is to help working families in the greater Austin and Central Texas area achieve
homeownership, sustain homeownership and to help communities thrive economically.
We look forward to hearing from you. If you have any questions, comments and/or
suggestions, please use this form to contact us. Or if you want to get more information
about our organization or for more information on what we do or our impact on the
community. Feel free to contact us at 512.385.1500. We are located at 701 Tillery Street,
Suite A-7B, Austin, TX 78702.