What does a community development corporation do?

What does a community development corporation do?

COMMUNITY DEVELOPMENT CORPORATIONS (CDCs) are nonprofit, community-focused entities whose mission is to support their affiliated city neighborhoods with a range of programs such as affordable housing, economic development, safety and social services.

What is a community economic development corporation?

Community Economic Development (CED) is a federal grant program funding Community Development Corporations that address the economic needs of individuals and families with low income through the creation of sustainable business development and employment opportunities.

What are community development groups?

Community development corporations (CDCs) are 501(c)(3) non-profit organizations that are created to support and revitalize communities, especially those that are impoverished or struggling. CDCs often deal with the development of affordable housing.

What is community development field?

Community development aims to enable people to create positive social changes in their communities through education, resourcing, and relationship building. Community development lies at the overlap of two fields that aim to make a better world: community services and sustainable development.

Why do we need community development?

Why is Community Development Important? Community development is important because it provides the foundation a city builds off of to improve the lives of its citizens. It creates strong, diverse communities that are able to attract and keep talent, start and grow businesses, and overcome issues that arise.

What are the major principles of community development?

Community development is a holistic approach grounded in principles of empowerment, human rights, inclusion, social justice, self-determination and collective action (Kenny, 2007).

What are the stages of community development?

These stages are: Stage 1: The brand new community – building relationships early. Stage 2: The developing community – learning to manage growth. Stage 3: The established community – sharing responsibility to manage scale.

When was the Community Development Commission established in Chicago?

Community Development Commission The Community Development Commission (CDC) was established by the Chicago City Council in 1992 to assume the duties of the former Commercial District Development Commission and the Department of Urban Renewal.

What does northwest side Community Development Corporation do?

The Northwest Side Community Development Corporation is a subsidiary nonprofit organization of the Northwest Side Housing Center. Our mission is to provide the Northwest Side and Belmont Cragin with the tools and resources to preserve affordable housing and prevent displacement, and provide business development assistance to local small businesses.

What does Rogers Park Community Development Corporation do?

As a 501 (c) (3) non-profit corporation, our mission is to foster community development and create and preserve affordable and diverse housing opportunities in Rogers Park and Chicago through education, training, advocacy and development. This message is only visible to admins. Problem displaying Facebook posts.

What does CDC do for city of Chicago?

The CDC reviews and recommends action on the provision of Tax Increment Financing (TIF) to assist private redevelopment projects; the designation of new TIF districts and Redevelopment Areas; the sale of City-owned property located in TIF districts and Redevelopment Areas; and the appointment of members to Community Conservation Councils.

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