Community development corporation
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A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling neighborhoods. They can be involved in a variety of activities including economic development, education, community organizing and real estate development. These organizations are often associated with the development of affordable housing.
- Real estate development
- Economic development
- Small business lending
- Small business technical assistance
- Small business incubation (i.e. provision of space at low or no cost to start-up businesses)
- Nonprofit incubation
- Youth and leadership development
- Community planning
- Master planning for retail and community development
- Community organizing
- Lessening neighborhood tensions
- Facilitating community and stakeholder participation in local programs and activities
- Facilitating community access to targeted grants
In some jurisdictions in the United States, a CDC is by definition targeted towards direct investment in the community, while a "community development advocacy organization" is a category eligible for recognition as a tax-exempt charity or service organization.
- "Guide to the Bedford-Stuyvesant Restoration Corporation publication and photograph collection ARC.124". New York Public Library. Brooklyn Historical Society. 9 December 2011.
- Florence Contant (1974), Community development corporations: an annotated bibliography, Exchange Bibliography, US: Council of Planning Librarians, ISSN 0010-9959 – via Internet Archive