Rio Grande Valley Multibank

The Rio Grande Valley Multibank (RGVMB) is a CDFI working in the Lower Rio Grande Valley of Texas, bordered by Mexico to the south and the Gulf of Mexico to the east. The region is marked by decades of persistent poverty and the presence of numerous Colonias, unincorporated, substandard housing developments that are home to thousands of immigrants. RGVMB works in partnership with Come Dream Come Build, formerly known as the Brownsville CDC.Operating since 1996, RGVMB primarily works with low-income Latino communities and has lent over $100M in supporting over 60,000 families. In particular, RGVMB has been able to provide mortgage lending to individuals for their first home purchases, as well as making small dollar loans to individuals with limited access to other financial services. Given its track record of success, RGVMB has franchised thirteen additional Community Loan Centers in 6 states outside of Texas to replicate its approach. Ceniarth has made a $1.5M loan to RGVMB to allow it to continue expanding its lending activities.