A corporation established to promote economic growth and provide financial support for community development.
corporation established to develop economic programs and provide financial support for a community.
An organization meeting the statutory definition of a Community Development Corporation as recognized by the State of Oregon.
an organization formed by residents of an area to stimulate, finance, and sometimes operate local businesses or housing.
(CDC) A community-based organization that is owned and controlled by community residents and is engaged in affordable housing, business and/or commercial development. Although CDCs vary in size and scope, the vast majority are non-profit, tax exempt 501(c)3 organizations. All CDCs have a board of directors composed of local residents, public officials, funders, bankers, relevant professionals, and/or community leaders. See Also Bank-Owned Community Development Corporation.
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 particular geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling neighborhoods.