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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 activities <br />that promote and support a community. CDCs usually serve a geographic location, such as a <br />neighborhood or a town. They often focus on serving lower-income residents or struggling <br />neighborhoods. They can be involved in a variety of activities, including economic <br />development, education, and real estate development. These organizations are often <br />associated with the development of affordable housing. <br />Activities: <br />Issues: <br />Conclusion: <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 to <br />start-up businesses) - <br />Education <br />-early childhood education <br />workforce training <br />N fit incubation <br />Yo leadership development <br />LY <br />nt of affordable or workforce housing <br />housing <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 />31 66 <br />