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Community Development Corporation (CDC) <br />Policy 4.11 of the Housing Element reads as follows: <br />Policy 4.11: The county shall assist non-profit organizations in establishing Community <br />Development Corporations (CDC) by providing technical support to those organizations. <br />Community Development Corporation (CDC) is a broad term referring to not-for-profit <br />organizations incorporated to provide programs, offer services, and engage in other <br />activities that promote and support a community. CDCs usually serve a geographic location <br />such as a neighborhood or a town. They often focus on serving lower-income residents or <br />struggling neighborhoods. They can be involved in a variety of activities, including <br />economic development, education, and real estate development. These organizations are <br />often associated with the development of affordable housing. <br />Activities: <br />Benefits: <br />■ Real estate development <br />- affordable housing <br />■ Economic development <br />-small business lending <br />-small business technical assistance <br />-small business incubation (i.e. provision of space at low or no cost <br />to start-up businesses) <br />■ Education <br />-early childhood education <br />-workforce training <br />■ Non profit incubation <br />■ Youth and leadership development <br />■ Advocacy <br />■ Community Planning <br />■ Community Organizing <br />Facilitates development of affordable or workforce housing <br />Advocates for affordable housing <br />No cost to the county <br />Issues: <br />- No major issues <br />Conclusion: <br />An active CDC can assist with the provision of affordable housing. <br />RECOMMENDATION: <br />The county should maintain policy 4.11 of the Housing Element for providing assistance to <br />any not-for-profit organization proposing to form a CDC. <br />F:\Community Development\SHIP\AHAC- Affordable Housing Advisory Committee (AHAC)\AHAC 2017\AHAC 2017 28 p9 0 <br />report.doc <br />