| About Frameworks CDC |
About Frameworks Community Development Corporation
Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a 501(c)3 HUD-
approved non-profit housing counseling agency located in east Austin serving the greater Central
Texas area. Formed in 2004 as a nonprofit community development corporation, Frameworks was
granted its 501(c)3 in March of 2005 and subsequently received its HUD approval.
In June of 2005, Frameworks launched an affordable housing and community redevelopment
initiative in the greater central Texas region. One of its chief strategies for increasing
homeownership among low-to moderate income families was to provide financial literacy
education and homeownership education to potential homeowners to overcome barriers to
obtaining affordable and safe housing. Frameworks CDC started its Home of Your Own: Keys
To Homeownership program in June of 2005.
Realizing that many homeowners were entering into exotic, subprime and in many cases outright
predatory loans, Frameworks started a loss mitigation and foreclosure intervention program in
February 2006. It wasn't until late 2007 that the mortgage crisis really started having an impact and
by late 2008 many families were seeking help and relying on organizations such as Frameworks
to help them with their mortgage woes. Currently, Frameworks is helping hundreds of families
facing mortgage delinquency and/or foreclosure while still assisting hundreds more who are
interested in purchasing a home.
Frameworks is also currently working with several major banks and with the Neighborhood
Stabilization Program to acquire foreclosed homes to resale these homes to low and moderate
income families to help stabilize communities torn apart by foreclosures. Frameworks CDC has
acquired several foreclosed home in communities with high foreclosure rates for rehabilitation and
resale to working families to help strengthen communities.
Mission Statement
Expand opportunities for low-to-moderate income families of the greater Central Texas area to
obtain affordable housing by constructing, rehabilitating, preserving and providing decent, safe,
and sanitary housing for these families, to combat the deterioration of the community and
contribute to its physical and economic improvement, and to provide home-purchasing (pre-
purchase, post-purchase and foreclosure prevention) education and counseling, financial literacy,
and credit education.
Executive Director
Joyce McDonald is the Executive Director and co-founder of Frameworks Community
Development Corporation. Under her direction, the organization has partnered with major banks
to provide loans to the underserved markets including low-to-moderate income households and
minorities. The financial literacy program is taught at high schools, colleges, community centers
and other institutions throughout the community. She has been certified by NeighborWorks
America for “Homebuyer Education and Counseling” and “Combating Predatory Lending”.
Joyce McDonald graduated from New York Institute of Technology with a bachelor of science in
Business Administration with a major course of study in Finance and minor course of study in
Economics in 1993. In 1993, she was also inducted as a lifelong standing member of the
Omnicron Delta Epsilon Society for Economists. Her background includes twenty years of
experience in the securities and banking industry. She worked for various banking and financial
institutions including Dean Witter Reynolds and Shearson Lehman Brothers, well know names in
the finance world.
Ms. McDonald continues to devote her time and energy to planning and structuring Frameworks
CDC to fill a void of financial knowledge for low and moderate-income families as well as help
prepare these same working class families to become successful homeowners. Her goals for
young people are to provide the knowledge needed to promote sound financial decision making
and increase their opportunities to achieve long-term economic stability. Her desire is to see the
community continue to grow with stable and prospering families who have the skills needed to
develop wealth.
Frameworks Community Development Corporation, Inc. (Frameworks CDC) is a 501(c)3 HUD-
approved non-profit housing counseling agency located in east Austin serving the greater Central
Texas area. Formed in 2004 as a nonprofit community development corporation, Frameworks was
granted its 501(c)3 in March of 2005 and subsequently received its HUD approval.
In June of 2005, Frameworks launched an affordable housing and community redevelopment
initiative in the greater central Texas region. One of its chief strategies for increasing
homeownership among low-to moderate income families was to provide financial literacy
education and homeownership education to potential homeowners to overcome barriers to
obtaining affordable and safe housing. Frameworks CDC started its Home of Your Own: Keys
To Homeownership program in June of 2005.
Realizing that many homeowners were entering into exotic, subprime and in many cases outright
predatory loans, Frameworks started a loss mitigation and foreclosure intervention program in
February 2006. It wasn't until late 2007 that the mortgage crisis really started having an impact and
by late 2008 many families were seeking help and relying on organizations such as Frameworks
to help them with their mortgage woes. Currently, Frameworks is helping hundreds of families
facing mortgage delinquency and/or foreclosure while still assisting hundreds more who are
interested in purchasing a home.
Frameworks is also currently working with several major banks and with the Neighborhood
Stabilization Program to acquire foreclosed homes to resale these homes to low and moderate
income families to help stabilize communities torn apart by foreclosures. Frameworks CDC has
acquired several foreclosed home in communities with high foreclosure rates for rehabilitation and
resale to working families to help strengthen communities.
Mission Statement
Expand opportunities for low-to-moderate income families of the greater Central Texas area to
obtain affordable housing by constructing, rehabilitating, preserving and providing decent, safe,
and sanitary housing for these families, to combat the deterioration of the community and
contribute to its physical and economic improvement, and to provide home-purchasing (pre-
purchase, post-purchase and foreclosure prevention) education and counseling, financial literacy,
and credit education.
Executive Director
Joyce McDonald is the Executive Director and co-founder of Frameworks Community
Development Corporation. Under her direction, the organization has partnered with major banks
to provide loans to the underserved markets including low-to-moderate income households and
minorities. The financial literacy program is taught at high schools, colleges, community centers
and other institutions throughout the community. She has been certified by NeighborWorks
America for “Homebuyer Education and Counseling” and “Combating Predatory Lending”.
Joyce McDonald graduated from New York Institute of Technology with a bachelor of science in
Business Administration with a major course of study in Finance and minor course of study in
Economics in 1993. In 1993, she was also inducted as a lifelong standing member of the
Omnicron Delta Epsilon Society for Economists. Her background includes twenty years of
experience in the securities and banking industry. She worked for various banking and financial
institutions including Dean Witter Reynolds and Shearson Lehman Brothers, well know names in
the finance world.
Ms. McDonald continues to devote her time and energy to planning and structuring Frameworks
CDC to fill a void of financial knowledge for low and moderate-income families as well as help
prepare these same working class families to become successful homeowners. Her goals for
young people are to provide the knowledge needed to promote sound financial decision making
and increase their opportunities to achieve long-term economic stability. Her desire is to see the
community continue to grow with stable and prospering families who have the skills needed to
develop wealth.
Joyce McDonald,
Executive Director
Executive Director
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