ABOUT US - the Past, the Present, & the Future

AAMA Community Development Corporation


The AAMA Community Development Corporation (AAMA-CDC) was formed in 1988 as a 501(c) (3) non-profit corporation. Our mission & purpose is to develop neighborhood initiatives in providing housing opportunities, economic development opportunities and community revitalization efforts, primarily in Houston's East End. In 1993, the CDC began its operation in earnest, beginning with our initial $4.5 million Low-Income Housing Tax Credit project, "Plaza De Magnolia" .

In 1998 the CDC Board of Directors launched new initiatives that expanded our presence into South Texas and other Hispanic communities. That same year we began growing from a small organization of less than $.5 million asset base to a current balance sheet of over $20 million in assets. Through a variety of program initiatives described in these pages, the AAMA-CDC has invested in the Hispanic/Latino community in the East End area, and throughout Greater Houston, and in South Texas. In brief terms, we direct, either as owner, managing partner, joint venture, or limited liability corporations, housing developments and business initiatives that exceed $27 million in funding.

We value our development capacity on behalf of the Hispanic Community and already have other projects in the pipeline in various stages of development:

Las Villas De Magnolia:

A 116-unit Senior Citizens' Residential Center to be built in Houston's Magnolia neighborhood at 72nd & Harrisburg. This state-of-the-art facility will be the first Seniors Center in the East End. Development will begin in 2005.


Charter School Affiliation:

Linkage with a nationally-ranked charter school to develop a Charter Middle School in Houston's East End with major foundation and TEA funding. Project commencement expected in 2006 School Year.


Medical Clinic:


Rehab & completion of an existing medical clinic to provide new services in the East End. Project to start in late 2004.


Affordable Homeownership:


Development of a 24 acre tract in the extended Gulfgate area for construction of 110 single family home for low and moderate income families. Project to begin in late 2004.

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