Community Development Corporations (CDCs)

NCS Community Development Corporation

Focused on strengthening Rochester neighborhoods, NCS Community Development Corporation helps area residents rehabilitate or purchase quality, affordable homes.  NCS offers first-time, low-income homebuyers a range of support services, including financial literacy training, and grant subsidies of up to $35,000 to assist with a down payment, closing costs, and property repairs.  NCS also provides current homeowners with grant subsidies to repair health, safety, and environmental hazards.  Since its establishment in the mid-1980s, NCS is credited with rehabilitating approximately 2,000 blighted, vacant and/or at-risk housing units in Rochester.

Ibero-American Development Corporation

Launched in 1986, Ibero-American Development Corporation renovates and manages buildings and affordable homes in Rochester.  Projects include the Eugenio Maria de Hostos Charter School and El Camino Estates, an affordable rental project with 25 units for low-income people with disabilities.  The CDC is an affiliate of IBERO American Action League (IBERO), a nonprofit established in 1968 to support the development of Rochester’s Latino population.  IBERO now aims to teach individuals of all backgrounds how to become self-sufficient and is the only dual-language nonprofit in Rochester, offering all of its services in Spanish and English.  In addition to providing early childhood, youth, family support, and developmental disabilities services, IBERO offers an entrepreneurial assistance program for people interested in developing small businesses and supports existing businesses and organizations aiming to expand into the Latino market.

Infographic: The Impact of Community Development Corporations

These are some of the key facts and figures on how community development corporations build community wealth. 

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Tabernacle Community Development Corporation (TCDC)

Founded by five of San Francisco’s most prominent African American ministers in 2001, Tabernacle Community Development Corporation (TCDC) is a faith-based nonprofit aiming to provide safe, clean and reasonably priced housing for working-class families.  Completed projects include a $13 million development with 21 affordable units, and a $38 million facility with 100 affordable units, 80 for seniors and 20 for formerly homeless individuals.  TCDC currently has three projects underway that will create nearly 300 new, affordable units. Read more about Tabernacle Community Development Corporation (TCDC)...

San Francisco Housing Development Corporation (SFHDC)

Founded in 1988 by San Francisco residents aiming to combat the widespread displacement of people of color in the 1960s and 70s, the San Francisco Housing Development Corporation (SFHDC) aims to foster financial stability among people of color by developing affordable housing, facilitating homeownership, and catalyzing the economic empowerment and revitalization of Bayview Hunters Point and other neighborhoods of Southeast San Francisco.  Since 1995, SFHDC has developed nearly 400 affordable homes.  Through its Financial Empowerment Center, SFHDC provides free and low-cost financial and housing counseling and workshops, classes and individual counseling focused on financial literacy and asset building to low- and moderate-income people, serving over 2,000 since 2009.  SFHDC’s economic development efforts focus on the Third Street Corridor in Bayview-Hunters Point and other historically African-American neighborhoods in southeast San Francisco.  Economic development projects include SFHDC’s Financial Empowerment Center and several mixed-use spaces.

Stronger Together: The $12 Billion Impact of Community Development Corporations in New Jersey

HCDNNJ

This new report from the Housing and Community Development Network of New Jersey quantifies the impact that community development corporations have had in New Jersey. Over the past 25 years, CDCs have added 82,000 jobs, contributed $12 billion to the state economy, and added $320 million to state tax rolls. The Neighborhood Revitalization Tax Credit (NRTC) program, a 100 percent state tax credit that encourages private investment in low- to moderate-income communities, enabled New Jersey CDCs to leverage each dollar more than seven times over.

Near East Area Renewal (NEAR)

Established in 2003, Near East Area Renewal (NEAR) aims to spur the renewal of neighborhoods in Indianapolis’ Near East community.  To date, its focus has been in the St. Clair Place neighborhood, where it has renovated more than 50 homes. NEAR also runs a homesteading program, which forgives up to $15,000 in loans if lower- and middle-income people purchase and renovate an abandoned or vacant house in the Near East area and then live their for at least five years. Read more about Near East Area Renewal (NEAR)...

Mapleton-Fall Creek Development Corporation (MFCDC)

Established in 1985, Mapleton-Fall Creek Development Corporation (MFCDC) works in partnership with residents and community groups to serve, revitalize, stimulate and invest resources in an affordable, safe and vital Mapleton-Fall Creek community.  To do so, it constructs and rehabilitates homes; develops affordable housing, parks, and public spaces; and offers a range of programs and services focused on community building and economic development.  Aiming to help revitalize its Central Avenue corridor, MFCDC is currently developing an intergenerational senior housing project that will include nearly 19,000 square feet of retail space, at least 150 market rate and affordable housing units, a 8,500 square foot community center, and computer center.  Committed to sustainable development principles, MRCDC uses LEED for Neighborhood Development, a rigorous set of green building and sustainable development standards created by the United States Green Building Council, as a roadmap and benchmark in all neighborhood projects.

Indianapolis Coalition for Neighborhood Development

The Indianapolis Coalition for Neighborhood Development (ICND) is an association of roughly 25 neighborhood-based community development corporations (CDCs) and other Indianapolis nonprofits focused on community development. ICND provides leadership and advocacy to advance community-led housing and economic development in Indianapolis neighborhoods and helps facilitate communication, collaboration, and cooperation among Indianapolis’ nonprofits working in this field. Read more about Indianapolis Coalition for Neighborhood Development...

Devington Community Development Corporation (DCDC)

Working in an area with one of the highest crime rates, highest unemployment rates, the highest drop-out rate, and the highest foreclosure rate in the city, Devington Community Development Corporation (DCDC) aims to help vulnerable populations attain economic justice, affordable green housing and health care, safe neighborhoods, excellent education, and jobs. Read more about Devington Community Development Corporation (DCDC)...

Crooked Creek Community Development Corporation

Crooked Creek Community Development Corporation focuses on improving housing, public infra­structure, and commercial areas for people who live, work, and visit northwest Indianapolis.  Its housing program acquires and renovates foreclosed single-family properties, converts vacant, substandard properties into accessible homes for community residents with disabilities, and provides no-cost homeowner repair services.  To bring local, healthy food into the community, the CDC established the Crooked Creek Community Farmers Market in 2012, which matches purchases of up to $20 for those participating in the federal Supplemental Nutrition Assistance Program, and runs a community garden where residents can pick vegetables.  To ensure a strong center for the community, it created The Hub, a facility next to its offices open to all residents and businesses that includes a gallery for local artists, a resource center, and drop-in office and meeting space.

Sankofa Community Development Corporation

Founded in 2008, Sankofa Community Development Corporation (CDC) works with residents and other stakeholders in the Lower Ninth Ward to identify social challenges and address them through culturally-competent health-centered programming, strategic land acquisition and improvement, and community-based social enterprise.  One core program is its Mobile Market, which brings fresh, local produce—some of which is grown by students on vacant lots the CDC has transformed into learning gardens—to area residents. Read more about Sankofa Community Development Corporation...

Broadmoor Development Corporation (BDC)

Established in 2006 to address the Broadmoor neighborhood’s housing needs following Hurricane Katrina, Broadmoor Development Corporation (BDC) rehabilitates owner-occupied properties, renovates and sells vacant properties, constructs new homes, and stabilizes blighted lots.  Through its work, BDC has spurred the recovery of 87 percent of all Broadmoor residential properties, an area where all properties suffered between 6 and 10 feet of flooding. Read more about Broadmoor Development Corporation (BDC)...

Broad Community Connections

Established in 2008 in order to address long-standing community revitalization needs that were only exacerbated after Hurricane Katrina, Broad Community Connections aims to revitalize New Orleans’ Broad Street corridor by promoting the economic, residential and cultural development of its diverse surrounding neighborhoods.  One of the nonprofit’s core initiatives is the ReFresh Project, a fresh food hub.  Opened in October 2014, the hub provides healthy and affordable food to the Broad Street neighborhoods, offers community engaged programming, education and training designed to promote he Read more about Broad Community Connections...

Building Sustainable Communities: Initial Research Results

Christopher Walker

Written by LISC (Local Initiatives Support Corporation) Director of Research Chris Walker, this report highlights early-stage results from LISC’s Building Sustainable Communities initiative. The report demonstrates how a comprehensive community development approach that targets investments in affordable housing, economic development, edu­cation, health, and safety can significantly raise incomes and decrease unemployment in low-income neighborhoods. Also included are case studies in Providence, Philadelphia, Indianapolis, and Chicago. 

Mid Bronx Desperadoes

Founded in the South Bronx in 1974 as a coalition of volunteers determined to save their community from the overwhelming incidents of arson, disinvestment, and abandonment, Mid Bronx Desperadoes (MBD) has been instrumental in the rebuilding of the Crotona Park East neighborhood in the South Bronx.  To date, MBD has successfully constructed and renovated over 2,300 units of housing. In addition, MBD developed the construction of the New Horizons Retail Center, which has created over 200 full-time and part-time permanent jobs. Read more about Mid Bronx Desperadoes...