TransPecos Development Corp channels $190 million in New Markets Tax Credit allocation and structured lending capital into underserved communities — driving healthcare access, economic development, and lasting impact across five states and tribal nations.
TransPecos Development Corp (TPDC) is a certified Community Development Entity (CDE) under the CDFI Fund of the U.S. Department of the Treasury. As an affiliate of TransPecos Banks SSB, TPDC leverages its $190 million NMTC allocation to deliver patient, flexible capital to projects that revitalize low-income and underserved communities.
Our focus spans rural healthcare infrastructure, tribal economic development, clean energy projects, and essential community services. We specialize in structuring complex, multi-party transactions that align federal incentives — including New Markets Tax Credits, SSBCI, BIA loan guarantees, and USDA programs — with the real needs of communities across Texas, Nevada, Oklahoma, Alabama, New Mexico, and tribal lands.
Every transaction is designed not just to close, but to create measurable, lasting community impact in areas that traditional capital markets underserve.
Experienced leadership driving community development impact through structured finance and strategic partnerships.
Structured community development finance, financial advisory, and construction management — designed to maximize impact in underserved and rural communities.
With $190 million in total NMTC allocation, TPDC deploys capital through Qualified Low-Income Community Investments (QLICIs) to finance transformative projects in eligible census tracts.
Addressing critical gaps in healthcare access by financing hospital improvements, equipment, and new facilities in medically underserved rural areas.
Structured lending programs serving tribal nations and underserved communities through SSBCI participation, BIA-guaranteed loans, and direct community development financing.
Through TPB Advisory LLC, an affiliate of TransPecos Banks SSB and TransPecos Development Corp, TPB Advisory offers comprehensive financial advisory services to help projects optimize their capital stack. From sourcing and structuring to closing, TPB Advisory works alongside borrowers and sponsors to layer federal programs, tax credits, conventional debt, and equity into a financing structure that maximizes project feasibility and community benefit.
TPDC brings years of hands-on experience overseeing complex construction projects from groundbreaking through completion. Led by Francis Kennedy, our construction management team provides rigorous project oversight — working directly with general contractors, subcontractors, architects, and engineers to ensure every detail is executed on time, on budget, and to the highest standard of quality.
A track record of financing transformative healthcare infrastructure in underserved communities across our service areas.
New hospital construction replacing the functionally obsolete building — expanding ER, surgery, wound care, infusions, pain management, scopes, and obstetrics.
~$7.2MM realized through the NMTC program
A 188-bed acute care facility with Level IV trauma center, helicopter transport, women's center, oncology, cardiac rehab, and full surgical services.
~$12MM realized through New Markets Tax Credits
NMTC-funded development of ~15,000 sqft of new clinic space, expanding regional healthcare impact and critical services for Elko County.
~$3.5MM in Federal Tax Credits plus State Tax Credits
Expansion of emergency services in South Texas — full-service ER, outpatient diagnostics, trauma stabilization, and community education programs.
~$5.2MM realized from NMTCs in the capital stack
A 24,375 sqft gastrointestinal and endoscopy center bringing critical GI services to the health professional shortage area and underserved counties.
~$4.7MM in debt reduction through NMTC structure
A new 16,000 sqft clinic expanding medical, dental, behavioral health, preventive care, pharmacy, and educational services in Uvalde.
~$5.2MM in debt reduction through New Markets
Healthcare and preventative care clinic in Ft. Worth targeting one of the nation's areas most affected by hypertension, diabetes, and kidney disease.
$1.9MM additional equity + $1.4MM in interest savings
An 8,000 sqft facility with eight exam rooms, dental operatories, behavioral health offices, x-ray (a first for Leakey), lab, and drive-up pharmacy.
$2.9MM added to capital stack via NMTC allocation
NMTC financing enabled WTC to equip locations and data centers for mental health and developmental disability services across non-metro West Texas.
~$1.2MM secured — 20% of total project capital
A disciplined approach to structuring, underwriting, and closing community development transactions.
We evaluate projects for NMTC eligibility, community impact potential, and alignment with our target service areas and priority sectors.
Our team designs the optimal capital stack — layering NMTC, SSBCI, guarantees, and conventional financing to maximize benefit to the borrower and community.
We coordinate across all transaction parties — investors, lenders, counsel, and government agencies — to move efficiently from commitment to closing.
Throughout the compliance period, we monitor project outcomes, manage reporting obligations, and ensure sustained community impact.
TPDC focuses investment in areas where market gaps are greatest and community need is most acute.
Financing critical healthcare infrastructure, community facilities, and essential services in underserved rural communities across Texas, Nevada, Oklahoma, Alabama, and New Mexico.
Partnering with tribal governments and enterprises to finance economic development, clean energy, and community infrastructure on tribal lands.
Targeting investment in federally designated Medically Underserved Areas and Health Professional Shortage Areas to expand access to quality care.
| Entity Name | TransPecos Development Corp |
| CDE Certification | Certified by the CDFI Fund, U.S. Department of the Treasury |
| Affiliate | TransPecos Banks, State Savings Bank |
| Program Focus | New Markets Tax Credits (NMTC) |
| Total Allocation | $190 Million |
| Service Areas | Texas, Nevada, Oklahoma, Alabama, New Mexico & Tribal Nations |
| Healthcare | Rural hospitals, critical access facilities, medical equipment |
| Community | Essential services, public facilities, economic development |
| Energy | Clean energy, EV infrastructure, sustainable projects |
| Tribal | Economic development, hospitality, infrastructure on tribal lands |
| Target Areas | Severely distressed census tracts, MUAs, HPSAs |
Whether you're a project sponsor, investor, or community stakeholder, we'd welcome the opportunity to discuss how TPDC can support your goals.