The Midland Community Development Corporation, (MCDC) was established by the Midland Hispanic Chamber of Commerce as a 501 (c) (3) nonprofit to promote economic and community development in economically depressed areas of the city through the institution of programs designed to alleviate conditions of unemployment and blight, and increase the population density through housing efforts, facilitating the creation of new businesses, and administering educational programs. MCDC currently administers a business micro-loan that provides loans up to $10,000 to businesses for start-up or expansion of existing businesses. MCDC is expanding its scope of work to develop an affordable housing component. The affordable housing development will target families with incomes of 80% AFMI and will be located in a predominately Hispanic neighborhood.