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cdcb

Non-profit housing developer with affordable homes

Overview

CDCB is a non-profit housing developer serving Cameron and Willacy Counties in the Rio Grande Valley. It builds and keeps affordable single-family homes by combining real estate development, property management, mortgage lending, and financial counseling. The DreamBuild program uses modular homes built at The Farm that are expandable, disaster-resilient, and energy-efficient. CDCB also runs the RGV Multibank and the Community Loan Center to offer affordable financing and alternatives to payday loans, along with YouthBuild and RAPIDO programs. Its goal is to create sustainable communities by increasing affordable homeownership and improving the financial stability of low-income families.

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About cdcb

Simplify's Rating
Why cdcb is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Social ImpactFinancial ServicesReal EstateEducation

Company Size

11-50

Company Stage

N/A

Total Funding

N/A

Headquarters

Brownsville, Texas

Founded

1974

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Simplify's Take

What believers are saying

  • JPMorganChase backed CDCB with $4.5 million since 2022, boosting DreamBuild capacity.
  • In 2025, CDCB closed a $9.75 million NMTC loan for 50 homes.
  • In 2026, CDCB plans 40 new DreamBuild homes and expansion into Kentucky, Arkansas, Dallas.

What critics are saying

  • Insurance premiums crush Texas affordable housing margins and squeeze CDCB's portfolio this year.
  • CDCB depends on HUD, TDHCA, and NMTC cycles; delays stop projects.
  • If DreamBuild margins compress, CDCB loses cash and its developer-lender model breaks.

What makes cdcb unique

  • CDCB combines housing development, mortgage lending, counseling, and property management under one roof.
  • DreamBuild uses modular grow homes that start small and expand with families.
  • RGV Multibank and Community Loan Center extend CDCB's financing beyond construction.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Retirement Plan

Paid Holidays

Paid Vacation

Company News

The LRGV News
Jul 10th, 2026
Stonewall Jackson rehab moves forward - San Benito news.

Stonewall Jackson rehab moves forward - San Benito news. By JACQI LEYVA-HILL Special to the NEWS The historic Stonewall Jackson Hotel could soon begin a new chapter as the San Benito Housing Authority, in collaboration with the nonprofit Come Dream Come Build and preservation consultant Post Oak Preservation Solutions, works to preserve one of the city's best-known landmarks while expanding housing opportunities and supporting downtown revitalization. Built in 1927, the three-story Stonewall Jackson Hotel quickly became one of South Texas' premier hotels and served as a gathering place for community events, civic organizations, business meetings, and travelers for decades. Although the building has been vacant for years, it remains one of San Benito's most recognizable historic landmarks. Now, through its nonprofit affiliate, the San Benito Housing Development Corporation, the San Benito Housing Authority is pursuing a comprehensive rehabilitation of the property and seeking listing on the National Register of Historic Places. The hotel is already recognized as a Recorded Texas Historic Landmark, a designation that acknowledges its architectural and historical significance. "The San Benito Housing Authority is committed to finding innovative ways to expand housing opportunities while strengthening our community," San Benito Housing Authority President and Executive Director Maricela Aguilar said in responses provided by Communications and Compliance Officer Hilary Aguilar. "We saw an opportunity to do much more than restore a historic building - we saw an opportunity to help address a growing housing need while supporting the City's vision for downtown revitalization." Aguilar said residents have consistently shared memories of the hotel's restaurant, community events, and its role as the social center of downtown San Benito. That community feedback helped shape the vision for restoring the building and adapting it to meet today's housing and community needs. Current plans call for converting the hotel's second and third floors into affordable housing for San Benito residents. While the exact number of units has not yet been determined, Aguilar said the project aims to address the growing need for quality housing, particularly for seniors, veterans, individuals with disabilities, and working families. The first floor could include community gathering spaces, meeting and event spaces, nonprofit or educational programming, and opportunities for locally-owned small businesses, all while preserving the building's historic character. Aguilar said the redevelopment could increase downtown foot traffic, attract additional investment and strengthen the city's historic business district. The project remains in the planning phase while architects, engineers and preservation specialists assess the building's structural condition, historic integrity and redevelopment potential. If the property qualifies for listing on the National Register of Historic Places, the designation could make the rehabilitation eligible for historic preservation incentives, grants, and tax credits, while increasing awareness of the hotel's historical significance. Aguilar said construction is expected to take about three years once work begins, and the overall rehabilitation is estimated to cost between $20-$22 million. Funding is expected to come from a combination of state and federal Historic Tax Credits, grant opportunities, and nine percent Low-Income Housing Tax Credits, though the final financing plan will be determined after feasibility studies are completed. Aguilar said the long-term vision is for the Stonewall Jackson Hotel to once again be a place where people gather - not only to live, but also to connect with neighbors, support local businesses, and celebrate San Benito's history while helping shape its future. The San Benito Housing Authority welcomes community interest and feedback throughout the planning process. Anyone with questions or seeking additional information about the Stonewall Jackson Hotel rehabilitation project is encouraged to contact San Benito Housing Authority Communications and Compliance Officer Hilary Aguilar at [email protected] or at (956) 399-7501, Ext. 1004.

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