Texas Mezzanine Fund celebrates 25 years of Service

In 2024, the Texas Mezzanine Fund (TMF) proudly commemorates 25 years of unwavering commitment to fostering economic growth and opportunity across Texas and the Southwest. Established in 1999, TMF has emerged as a pivotal Community Development Financial Institution (CDFI), providing over $120 million in flexible capital solutions to small and medium-sized businesses, particularly in underserved communities.

Under the visionary leadership of CEO Derric Hicks, who assumed the role in June 2023, TMF continues to bridge the financing gap for minority-owned enterprises and low-to-moderate-income areas. Hicks brings over two decades of banking experience, emphasizing innovative approaches to expand access to capital.

TMF's impact is evident in its support for the construction of 1,000 affordable housing units and the creation of 3,144 jobs. The organization's adept utilization of over $500 million in New Markets Tax Credit allocations has further amplified its reach, funding community facilities and stimulating economic development in historically underserved areas.

As TMF celebrates this significant milestone, it reaffirms its dedication to empowering communities through strategic investments and collaborative partnerships. The organization's enduring legacy serves as a testament to the transformative power of inclusive financial solutions in driving sustainable economic progress.