Community Development Corporation

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Community Development Corporation (CDC) is a broad term referring to not-for-profit organizations incorporated to provide programs, offer services and engage in other activities that promote and support a community. 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.

Activities

• real estate development
  • affordable housing
• 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)
• education
  • early childhood education
  • workforce training
• nonprofit incubation
• youth and leadership development
• advocacy
• community planning
• community organizing

Examples of CDCs (internal)

• Abyssinian Development Corporation
• Accion USA
• Chicanos Por La Causa
• Mexicantown Community Development Corporation