A community development corporation (CDC) is a non-profit organizations that support and revitalize neighborhoods and communities, and they are typically based in the communities in which they work. Many but not all CDCs develop affordable housing, and they also offer a broad range of community development programs. Although there’s apparently no formal procedure for establishing a CDC as a CDC, CDCs are able to receive and use public funds to implement public policy in defined geographic areas, and they are accountable to public requirements on how those public dollars are spent.
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