Community Development Corporations (CDCs)

Greater Burlington Industrial Corporation (GBIC)

Established in 1954, Greater Burlington Industrial Corporation (GBIC) focuses on attracting, retaining, and expanding sustainable jobs in the Lake Champlain region.  To do so, GBIC has developed seven industrial parks and helps businesses identify and connect to capital, financing, workforce development and training programs, and other needed resources.  GBIC also coordinates the creation of The Chittenden County Comprehensive Economic Development Strategy (CEDS), an annual report authored by citizen work groups that documents all economic development activities in the county.

New Community Corporation

Started in 1968 as a way to provide affordable housing, today New Community Corporation (NCC) employs 600 local residents, manages 2,000 housing units, and owns roughly $500 million of assets. In 1990, NCC attracted Pathmark, the first grocery store to open in Newark’s Central Ward since the 1968 riots, to engage in a joint venture of co-ownership. Pathmark’s sales per square foot reached almost double those of the chain’s average. NCC has since sold its stake in Pathmark, but continues to produce revenue through its Extended Care Facility, a full-service nursing home that currently maintains a 180-bed capacity and serves as an economic anchor for a variety of jobs and services. Surpluses from the facility are invested in other NCC operations such as day care and medical support for seniors.  NCC also runs several social enterprises as well as a federally-insured credit union.

Unified Vailsburg Services Organization

Founded in 1972 by a coalition of clergy, civic leaders, and area residents, Unified Vailsburg Services Organization (UVSO) aims to create a stable and compassionate community in Vailsburg, an area in Newark’s West Ward.  In addition to providing services to around 1,000 people a day, UVSO owns and manages 17 buildings in the community, supports an active network of block associations, and has developed 180 units of housing and 55,000 square feet of commercial space. Read more about Unified Vailsburg Services Organization...

Tri-City Peoples Corporation

Tri-City Peoples Corporation, established in 1966, works across Newark, East Orange, Irvington, and surrounding New Jersey communities to facilitate social and economic self-sufficiency and promote civic participation in community development.  With an in-house construction crew, the CDC focuses on rehabilitating, reconstructing, and remodeling properties to improve the area’s housing stock.  The CDC also provides a range of services including free home buying, home preservation, budget, and credit counseling to more than 8,500 people a year. Read more about Tri-City Peoples Corporation...

Lincoln Park Coast Cultural District (LPCCD)

Lincoln Park Coast Cultural District (LPCCD) aims to re-develop Lincoln Park—an 11-acre, four-block, former industrial site in Newark—into a “green” arts and cultural district.  LPCCD’s plan, which is based on the community’s vision, includes sustainable mixed-income housing units, annual music festivals, historic restoration projects, urban agriculture, and green jobs.  Successes to date include the completion of 10 LEED certified buildings encompassing 84 units, the creation of an annual Lincoln Park Music Festival (which now attracts over 50,000 people a year), and the development of the Lincoln Park Fossil Free Learning Lab, which serves as the Department of Labor’s North Jersey satellite for Green Job Training and offers green-focused workshops and training to underprivileged and/or unemployed area residents.

La Casa de Don Pedro

La Casa de Don Pedro focuses on fostering self-sufficiency, empowerment, and neighborhood revitalization in Greater Newark and Essex County.  Established in 1972 as a grassroots organization committed to empowering marginalized Puerto Rican and Latino residents, by FY 2015, La Casa had grown to serve more than 50,000 people a year with 200 employees and an operating budget of $15 million.  Since 1988, La Casa has built and sold more than 150 units of quality, affordable homes. Between 2013-14 alone, La Casa provided energy assistance to more than 41,000 households, completed energy conservation measures for 600 households, counseled 361 people facing foreclosure, and prepared 231 people to purchase their first home.

Ironbound Community Corporation

Ironbound Community Corporation (ICC) aims to engage and empower individuals, families and groups to create a just, vibrant, and sustainable community.  In addition to offering a range of children, adult, senior, and family focused services, ICC is involved in community organizing, planning, and development.  In 2001, ICC spearheaded a Community Master Plan that resulted in a bottom up vision for the area that has influenced its development.  The plan led to the development of the 16-acre Riverfront Park in partnership with the City and County.  Since 2010, ICC has developed 89 affordable housing units, and in 2014, it developed its fifth community garden and completed free income tax filings for more than 1,000 households, returning more than $2 million in refunds to the community.

Uniting People with Opportunities (UPO) Community Development Corporation

Uniting People with Opportunities (UPO) Community Development Corporation aims to promote job creation through economic development.  To do so, it focuses on providing loans to individuals and organizations that create low to moderate income housing and/or business development opportunities and employment for low income individuals, start-ups, and businesses that seek to create jobs or upgrade wages for low income District residents.  UPO also provides administrative management services to nonprofit organizations serving low-income District residents. Read more about Uniting People with Opportunities (UPO) Community Development Corporation...

Mi Casa Inc.

Mi Casa Inc. focuses on providing affordable housing in the Washington D.C. area in order to foster healthy and thriving communities.  Over the past two decades, it has revitalized over 550 homes for low and moderate income first-time homebuyers and played a lead role in renovating CetroNia, a multi-cultural education center that houses the DC Bilingual Public Charter School. To create job and training opportunities for minority professional and trade persons, it provides capacity-building and financial support for minority contractors and contractors-in-training. Read more about Mi Casa Inc....

Anacostia Economic Development Corporation (AEDC)

Established in 1969, the Anacostia Economic Development Corporation (AEDC) aims to meet the economic needs and improve the quality of life of the District’s Anacostia/Far Southeast community.  To do so, the CDC focuses on housing development, commercial revitalization, small/minority business development, and job creation.  The CDC also houses a Business Development Center, which provides free management and technical assistance to small businesses located in, or wishing to locate in, the District.  In 2013, the CDC partnered with Bright Farms and the District to develop a 100,000 square foot greenhouse, which is expected to grow over one million pounds of produce a year while creating new local jobs.

Building a regenerative community on Pine Ridge

In a community facing tremendous challenges around poverty and unemployment, the Thunder Valley Community Development Corporation is creating an innovative affordable housing project that strives to rebuild Native culture, empower young people on the reservation, and develop solutions for true ecological sustainability. Read more about Building a regenerative community on Pine Ridge...

North East Area Development (NEAD)

Established in 1965, North East Area Development aims to revitalize and stabilize Rochester’s Sector 8 neighborhood.  To do so, the nonprofit focuses on renovating homes for low to moderate-income residents and commercial properties to reduce neighborhood blight.  The nonprofit played a lead role in renovating a former plastics manufacturing plant to accommodate Freedom School, a year-round school for youth from K-12, which focuses on fostering reading and conflict resolution skills, and engaging students in civic and social action activities.  In 2012, it opened The Freedom Market, a community-owned store that enables area residents without access to transportation to access healthy food, and in 2013, it added a Café that provides workforce development and employment for area residents.

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. 

Read more about Infographic: The Impact of Community Development Corporations...

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


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)...