Models and Best Practices: Community Development Corporations

Community Development Corporations (CDCs)

Bethel New Life

A faith-based community development organization serving residents of the West Garfield neighborhood of Chicago since 1979, Bethel New Life has invested over $650 million in a range of programs and initiatives aimed to reduce poverty.  Since its establishment, it has created over 1,000 units of affordable housing, facilitated the development of a mixed-use, transit-oriented development project around the “West Garfield” elevated transit stop, and has been a leader in developing a comprehensive asset-based approach to community development. Read more about Bethel New Life...

Coastal Enterprises, Inc.

Founded in 1977, Coastal Enterprises is known as a leader in rural development with a philosophy that looks to maintain a “triple bottom line” of achieving positive economic, equitable and environmental outcomes. The organization has made over $130 million in loans, thereby leveraging an additional $380 million, and has provided financing to 1,500 businesses. Read more about Coastal Enterprises, Inc....

Community Development Corporation of Utah

Founded in 1991, CDC of Utah assists low-income families achieve homeownership. People with disabilities, those living in substandard housing, those on public assistance who are seeking self-sufficiency, and people in danger of being homeless or institutionalized receive priority attention. To date, the group has assisted over 2,000 families in 126 communities throughout the state. Read more about Community Development Corporation of Utah...

East Bay Asian Local Development Corporation

Founded in 1975, Oakland-based EBALDC serves a multi-ethnic constituency that is currently 45 percent African American, 40 percent Asian and Pacific Islander, and 8 percent Latino with the remainder being Caucasian, Native American and other ethnicities. Services have moved beyond affordable housing to home ownership programs for low-income families, neighborhood economic development programs, advocacy, and an Individual Development Account savings program. Read more about East Bay Asian Local Development Corporation...

Fifth Avenue Committee

Founded in the late 1970s, the Fifth Avenue committee to date has developed more than 600 units of affordable housing for low and moderate-income families in over 100 buildings and has brought more than $50 million in direct investment for community development into South Brooklyn neighborhoods. Fifth Avenue's affiliate, Brooklyn Workforce Innovations, a social purpose staffing company, helps more than 750 individuals a year to access decent jobs. Read more about Fifth Avenue Committee...

Southeast Alabama Self-Help Association

Southeast Alabama Self-Help Association (SEASHA), formed in 1967, grew out of the Tuskegee Institute Educational Program, a tutorial program involving hundreds of Tuskegee students. Over the years, it has built or renovated over 300 affordable homes and developed nearly 300 units of affordable rental housing. It also administers a revolving loan fund that has provided $2.7 million in financing to area businesses. Read more about Southeast Alabama Self-Help Association...

Southern Mutual Help Association

Founded in 1969 as a community development corporation with the goal of improving the economic welfare of Louisiana cane workers, SMHA has expanded over the years while continuing its original advocacy work. The organization has created both rural housing and community development lending subsidiary organizations and has developed partnerships with national organizations, such as Rural LISC. Read more about Southern Mutual Help Association...

The Unity Council

The Unity Council (formally called The Spanish Speaking Unity Council) has worked with the largely Latino community in the Fruitvale District of Oakland for the past four decades. It provides affordable housing development, job training, childcare, and senior care. It also owns a subsidiary business (Peralta Service Corporation) that employs area residents on work crews for beautification projects. Read more about The Unity Council...

Vermont-Slauson Economic Development Corporation

Located in South Los Angeles, Vermont-Slauson Economic Development Corporation is a leader in inner city retail development. The 175,000-square foot shopping center it developed in 1981 was one of the few structures that was untouched by the 1992 Los Angeles riots. In 2004, the CDC opened a second large shopping center, anchored by the Mexican supermarket chain Gigante.  To date, it is credited with producing more than $60 million in physical development projects and creating or retaining more than 3,000 jobs. Read more about Vermont-Slauson Economic Development Corporation...

Community Development Financial Institutions (CDFIs)

Community Development Corporations (CDCs)

Bethel New Life

A faith-based community development organization serving residents of the West Garfield neighborhood of Chicago since 1979, Bethel New Life has invested over $650 million in a range of programs and initiatives aimed to reduce poverty.  Since its establishment, it has created over 1,000 units of affordable housing, facilitated the development of a mixed-use, transit-oriented development project around the “West Garfield” elevated transit stop, and has been a leader in developing a comprehensive asset-based approach to community development. Read more about Bethel New Life...

Coastal Enterprises, Inc.

Founded in 1977, Coastal Enterprises is known as a leader in rural development with a philosophy that looks to maintain a “triple bottom line” of achieving positive economic, equitable and environmental outcomes. The organization has made over $130 million in loans, thereby leveraging an additional $380 million, and has provided financing to 1,500 businesses. Read more about Coastal Enterprises, Inc....

Community Development Corporation of Utah

Founded in 1991, CDC of Utah assists low-income families achieve homeownership. People with disabilities, those living in substandard housing, those on public assistance who are seeking self-sufficiency, and people in danger of being homeless or institutionalized receive priority attention. To date, the group has assisted over 2,000 families in 126 communities throughout the state. Read more about Community Development Corporation of Utah...

East Bay Asian Local Development Corporation

Founded in 1975, Oakland-based EBALDC serves a multi-ethnic constituency that is currently 45 percent African American, 40 percent Asian and Pacific Islander, and 8 percent Latino with the remainder being Caucasian, Native American and other ethnicities. Services have moved beyond affordable housing to home ownership programs for low-income families, neighborhood economic development programs, advocacy, and an Individual Development Account savings program. Read more about East Bay Asian Local Development Corporation...

Fifth Avenue Committee

Founded in the late 1970s, the Fifth Avenue committee to date has developed more than 600 units of affordable housing for low and moderate-income families in over 100 buildings and has brought more than $50 million in direct investment for community development into South Brooklyn neighborhoods. Fifth Avenue's affiliate, Brooklyn Workforce Innovations, a social purpose staffing company, helps more than 750 individuals a year to access decent jobs. Read more about Fifth Avenue Committee...

Southeast Alabama Self-Help Association

Southeast Alabama Self-Help Association (SEASHA), formed in 1967, grew out of the Tuskegee Institute Educational Program, a tutorial program involving hundreds of Tuskegee students. Over the years, it has built or renovated over 300 affordable homes and developed nearly 300 units of affordable rental housing. It also administers a revolving loan fund that has provided $2.7 million in financing to area businesses. Read more about Southeast Alabama Self-Help Association...

Southern Mutual Help Association

Founded in 1969 as a community development corporation with the goal of improving the economic welfare of Louisiana cane workers, SMHA has expanded over the years while continuing its original advocacy work. The organization has created both rural housing and community development lending subsidiary organizations and has developed partnerships with national organizations, such as Rural LISC. Read more about Southern Mutual Help Association...

The Unity Council

The Unity Council (formally called The Spanish Speaking Unity Council) has worked with the largely Latino community in the Fruitvale District of Oakland for the past four decades. It provides affordable housing development, job training, childcare, and senior care. It also owns a subsidiary business (Peralta Service Corporation) that employs area residents on work crews for beautification projects. Read more about The Unity Council...

Vermont-Slauson Economic Development Corporation

Located in South Los Angeles, Vermont-Slauson Economic Development Corporation is a leader in inner city retail development. The 175,000-square foot shopping center it developed in 1981 was one of the few structures that was untouched by the 1992 Los Angeles riots. In 2004, the CDC opened a second large shopping center, anchored by the Mexican supermarket chain Gigante.  To date, it is credited with producing more than $60 million in physical development projects and creating or retaining more than 3,000 jobs. Read more about Vermont-Slauson Economic Development Corporation...

Community Development Financial Institutions (CDFIs)