Austin Nelson appointed to Midland Community Development Corporation

Austin Nelson, vice president and portfolio manager at American Momentum Bank, has been appointed to the Midland Community Development Corporation (MCDC) board of directors.

MCDC is a nonprofit organization dedicated to enhancing and strengthening the Midland community by providing affordable homes and guidance to first-time homebuyers in the area. Nelson brings commercial banking experience to the board and will lend his finance expertise to ensure that homebuyers have a positive lending experience.

“It is an incredible honor to be able to serve the Midland community and give back to the city that I have called home my entire life,” said Nelson. “Midland is home to the hardest-working people I’ve ever met, and MCDC ensures that our citizens have the resources they need to take the leap into home ownership. I have faith that the projects MCDC has on the horizon will be life-changing for so many indispensable members of our community.”

MCDC is a federally certified Community Housing Development Organization (CHDO) on a mission to revitalize Midland’s low-to-moderate income areas. The organization has been a catalyst in local redevelopment, including the Old Pueblo Park Housing Development, which created 25 homes and generated $1.5 million in new taxable real estate.

MCDC also provides homebuyer consultation services and is a HUD-approved housing counseling agency that employs a HUD-certified housing counselor (pre-purchase consultant).

“Home ownership is such an accomplishment – and a challenge – for so many,” said Nelson. “I’m looking forward to celebrating that milestone with all the organization’s stakeholders and see individuals and families receive the keys to their new homes for the first time.”

Nelson joined American Momentum Bank in March 2022. He previously served as a credit analyst and portfolio manager at a Midland-based community bank. In addition to his involvement with MCDC, Nelson currently sits on the board of directors and the finance committee for The Springboard Center. He is also an Opportunity Groups Mentor for Opportunity Tribe (formerly Unlock Ministries).

About American Momentum Bank

American Momentum Bank, a Texas-chartered banking association with total assets of $2.8 billion as of March 31, 2022, provides comprehensive products and services for businesses and individuals. American Momentum Bank has 18 full-service banking centers in Texas and nine full-service banking centers in Florida. American Momentum Bank’s strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. Visit www.americanmomentum.bank to learn more.