Montebello Housing & Development Corporation

MHDC Banner

Home

About MHDC

Contact MHDC

 

(323) 722-3955


Board Members

MHDC Programs

Links

FAQs

Links

Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by Congress in 1970 to create a continuous flow of funds to mortgage lenders in support of homeownership and rental housing. Freddie Mac purchases mortgages from lenders and packages them into securities that are sold to investors. By doing so, Freddie Mac ultimately provides homeowners and renters with lower housing costs and better access to home financing. Since the company's inception in 1970, Freddie Mac has financed homes for nearly 26 million families equal to one of every six homes in America.
Fannie Mae
Fannie Mae was created by Congress in 1938 to bolster the housing industry during the Depression. Fannie Mae operates under a congressional charter that directs the company to channel their efforts into increasing the availability and affordability of homeownership for low-, moderate-, and middle-income Americans. Fannie Mae does not lend money directly to home buyers. Instead, the company works with lenders to make sure they don't run out of mortgage funds, so more people can achieve the dream of homeownership.
The National Council of La Raza
The National Council of La Raza (NCLR) is a private, nonprofit, nonpartisan, tax-exempt organization established in 1968 to reduce poverty and discrimination, and improve life opportunities for Hispanic Americans. NCLR has chosen to work toward this goal through two primary, complementary approaches:
  • Capacity-building assistance to support and strengthen Hispanic community-based organizations: providing organizational assistance in management, governance, program operations, and resource development to Hispanic community-based organizations in urban and rural areas nationwide, especially those which serve low-income and disadvantaged Hispanics.

  • Applied research, policy analysis, and advocacy: providing an Hispanic perspective on issues such as education, immigration, housing, health, employment and training, and civil rights enforcement, to increase policy-maker and public understanding of Hispanic needs, and to encourage the adoption of programs and policies which equitably serve Hispanics.
California Housing Law Project
The California Housing Law Project is an advocacy organization that lobbies in the California State Legislature for affordable housing and tenants rights for low income people, the disabled, elderly, homeless and farmworkers. The Law Project also provides housing information services to local government housing agencies, housing advocacy organizations and individuals.
Southern California Association of Non-profit Housing (SCANPH)
The Southern California Association of Non-Profit Housing (SCANPH) is a non-profit membership organization dedicated to the development, preservation and management of permanently affordable housing for low-income people. SCANPH believes that the non-profit community development industry is the best vehicle of attainment of this goal.
HUD - Housing and Urban Development
HUD was born in 1965, but its history extends back to the National Housing Act of 1934. HUD's mission is for a decent, safe, and sanitary home and suitable living environment for every American. HUD also aims to:
  • Create opportunities for homeownership
  • Providie housing assistance for low-income persons
  • Work to create, rehabilitate and maintain the nation's affordable housing
  • Enforce the nation's fair housing laws
  • Help the homeless
  • Spurr economic growth in distressed neighborhoods
  • Help local communities meet their development needs

National Housing Development Corporation
NHDC is a national nonprofit organization dedicated to improving the quality of life for low-income families by stabilizing and revitalizing neighborhoods via acquisition, renovation, and preservation of affordable housing developments. NHDC makes efficient use of scarce public and private capital by combining business discipline and economics with an unwavering commitment to its mission.


FHA - Federal Housing Administration
Since its inception in 1934, the Federal Housing Administration (FHA) has provided vital public services contributing to the health and well-being of individuals and communities through its nationally administered programs. After being consolidated into the Department of Housing and Urban Development's (HUD) Office of Housing in 1965, the FHA continued its core mission of contributing to the building and maintenance of healthy, prosperous neighborhoods and expanding opportunities for affordable home ownership, rental housing and healthcare.

 

National Low Income Housing Coalition
A national affordable housing advocacy organization that provides updates on federal housing legislation, action alerts, housing resources, and a comprehensive list of links to websites that address housing related issues.
 
   
   
2001 Montebello Housing Development Corporation, Inc.. All rights reserved.

Site designed by Gr8WebDev