They generally have a staff and some degree of incorporation.It's important to note that CDCs are self-identified. Asociación Puertorriqueños en Marcha for Everyone (APM) breaks ground on Paseo Verde, a Platinum Leed-ND transit oriented development in Philadelphia. A community development approach can be applied to many different areas including health, education, employment, enterprise development, infrastructure and town planning. Kennedy created an action plan for community development, which led to the formation of the Bedford Stuyvesant Restoration Corporation, considered the first CDC in the country.Historically, many CDCs grew out of the Civil Rights movement to fight against redlining and divestment issues in cities. They often focus on serving lower-income residents or struggling neighborhoods. A brief explanation of the community development fieldWhen I began my internship at NACEDA last month, I found it very hard to nail down a definition for community economic development. The National Alliance of Community Economic Development Associations (NACEDA) represents state and regional associations but does not directly represent CDCs.The NCCED estimated that in 2006, there were around 4,600 CDCs nationally. That is, there is no specific tax ID or certification that distinguishes a CDC from other non-profits. And CDCs now typically focus on development rather than activism.CDCs follow a bottom-up approach; they are set up and run by community members or local groups like churches and civic associations. Although CDCs are meant to meet the specific needs of a local community, a large amount of available funding might be tailored to specific types of projects (like affordable housing). In fact, a key feature of CDCs is the inclusion of community representatives in their governing/advisory boards. CDCs often deal with the development of affordable housing. In fact, a key feature of CDCs is the inclusion of community representatives in their governing/advisory boards. Many had a community organizing/activism background.While traditionally CDCs were location-based, there are organizations that target specific demographics (for example, the Women's Revitalization Project in Philadelphia serves low-income women and their families). The Community Development Authority, as a local government entity, issues the bonds. (Image courtesy of APM) Community development corporations (CDCs) are 501(c)(3) non-profit organizations that are created to support and revitalize communities, especially those that are impoverished or struggling. There is no statewide count or report of CDCs.Two of the larger CDC associations in Pa. are the Philadelphia Association of Community Development Corporations (PACDC) and the Pittsburgh Community Reinvestment Group (PCRG).PACDC put out a report at the end of 2012 estimating Philadelphia CDCs contributed $5.1 billion to Pennsylvania's economy (and $3.3 billion to Philly's economy) over the past 20 years. There are state and local associations that work specifically with CDCs (such as the According to the report, the majority (72 percent) of Philadelphia CDC investment has gone to home construction and rehabilitation, with 21percent to small business construction and rehabilitation and seven percent to streetscape/vacant lot greening projects.Robert F. Kennedy played a big role in setting up the first CDC through the Special Impact Program, an amendment to the Historically, many CDCs grew out of the Civil Rights movement to fight against redlining and divestment issues in cities. For example, Bickerdike Redvelopment Corporation (Chicago) has its own rental properties and a for-profit construction company, which generate income.East Liberty Development, Inc. targets the East Liberty community in Pittsburgh. For example, Exploring the stories that matter across the commonwealth with all Pennsylvanians in mind.Together we can reach 100% of WHYY’s fiscal year goalWHYY connects you to your community and the world by delivering reliable information and worthwhile entertainment.Want a digest of WHYY’s programs, events & stories? It controls more than $80 million in neighborhood assets.Asociación Puertorriqueños en Marcha for Everyone (APM) is a Latino-based CDC serving the Philadelphia area. For example, Philadelphia has its own CDC grants and tax credit programs and its own housing trust fund. These o… Fresh Air opens the window on contemporary arts and issues with guests from worlds as diverse as literature and economics. A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. Because of this, CDCs may be compelled to focus efforts based on what funds are available, rather than responding primarily to community demand.Some CDCs are finding ways to diversify their funding streams.


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