CAPACITY BUILDING

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OUR TEAM

To achieve its mission, it is vital that Magnolia CDC has the capacity to serve the low to moderate community.  To that end, management has concentrated its efforts to obtain the expertise, experience and certifications necessary. R. Keith Broussard, CFP, Founder and Executive Director, is certified as an Affordable Housing Professional through NeighborWorks Training  Institute, the premier Community Development Training Institute on the national level.  Additionally, he is trained in housing counseling.  He has also been certified through the Housing Assistance Council in the Low Income Housing Tax Credit (LIHTC) Program as well as the USDA 502 Loan Packaging Certification Program.

MAGNOLIA CDC
PROJECTS

Through the development period since its inception in 2010, Magnolia CDC has completed the following projects:

2010: La Office of Community Development Grant – $630,000, City of Opelousas, 5 homes demolished and reconstructed, 3 homes rehabilitated

2013 – Federal Home Loan Bank of Dallas’ SNAP – 5 homes rehabilitated

  • Recipient of FHLB of Dallas Partnership Grant Program with MidSouth Bank, $10,000

2014 – Recipient of FHLB of Dallas’ Partnership Grant Program with MidSouth Bank and IberiaBank, $8,000

  • NeighborWorks – Affordable Housing Professional Certification

2015 –  FHLB of Dallas’ SNAP – 5 homes rehabilitated

  • Recipient of USDA Rural Community Development Initiative (RCDI) Program in partnership with the HAC
  • NeighborWorks – Housing Counseling
  • HAC – Low Income Housing Tax Credit Training

2016 –   FHLB of Dallas’ SNAP – 6 homes rehabilitated

  • HAC -USDA 502 Certified Loan Packager
  • First Time Homebuyer’s Seminar
  • Developer – Construction of home for First Time Homebuyer Program
  • HAC – Rural Housing Development Conference
  • Designated as a Certified Housing Development Organization (CHDO) by Lafayette Consolidated Government

2017 –  FHLB of Dallas’ SNAP – 5 homes rehabilitated

  • HAC- Single Family Development Training
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"Magnolia CDC has positioned itself to implement projects that are true to its mission and vision of assisting the low to moderate income community"

CONTINUED COMMUNITY GROWTH

With its recent expansion into Lafayette Parish, Magnolia CDC has expanded its access to potential funding opportunities and projects that include rental housing for the elderly and single family development.  It has also developed the capacity to become certified as a Certified Housing Development Organization (CHDO) on both the state and local government level which provides access to additional funding.  It has developed partnership with local banks, nonprofits as well as other stakeholders to accomplish its mission. Through its professional development and networking with national and local organizations, both public and private, Magnolia CDC has positioned itself to implement projects that are true to its mission and vision of assisting the low to moderate income community in community development.  To accomplish this, it is necessary that the CDC continue to develop the expertise in community development by educating and developing a staff that is capable of formulating and implementing projects. It is for this purpose that one of its principle goal is to fund its capacity building campaign.  The campaign is to build the capacity of the organization to sustain its continued growth in community development.