Leadership & Staff | Board Members
Our History
MMCDC is a leading private nonprofit company providing commercial and home mortgage lending, as well as housing, business and community development services throughout Minnesota and the Upper Midwest. We are also the parent company of a reservation-based bank and a reservation-focused community development company. In addition, we are the founding member of a housing construction cooperative.
Find out more about our Community Development Partners
In 1968, a bill was introduced to create Community Development Corporations (CDCs). CDCs were authorized to borrow funds from the federal government (as well as private sources) and re-lend the money for job creation and other activities, to the benefit of disadvantaged communities.
Our organization was started through the cooperative efforts of Mahube Community Council of Detroit Lakes, MN and the Inter-County Community Council of Oklee, MN. In 1971, we began by serving the counties of Mahnomen, Hubbard, Becker, Red Lake, Pennington, Clearwater and Polk, an area that includes the largest reservation in Minnesota – the White Earth Reservation. Today, MMCDC lends and invests statewide and beyond.
Our Vision
MMCDC’s overall vision is to help Minnesota businesses and communities succeed. We aim to improve and empower communities by providing capital, training and technical assistance through the financing and development of housing, commercial and community facilities.
Our Mission
MMCDC assists communities and individuals achieve a better quality of life.
Our Members
MMCDC’s members support the company in achieving sustainable economic development and enhanced opportunity for all in Minnesota and beyond, with particular emphasis on rural areas. Members are adult residents of Becker, Hubbard, Mahnomen, Clearwater, Pennington, Red Lake or Eastern Polk County and pay a one-time membership fee of $10. A report on the company’s activities is provided to members during the Annual Meeting, held the third Thursday in June.
