What is a Community Development Corporation?
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. CDCs often deal with the development of affordable housing. They can also be involved in a wide range of community services that meet local needs such as education, economic development, job training, healthcare, commercial development, and other social programs such as community organizing.
While CDCs may work closely with a representative from the local government, they are not a government entity.
As non-profits, CDCs are tax-exempt and may receive funding from private and public sources.
What we Do
We build partnerships with our community members and leaders to address housing issues, promote events and programs, and beautify neighborhoods in need of improvement.
We work with both new and established minority entrepreneurs to educate, counsel, and support them in developing and growing their businesses.
We spur economic progress through various means such as creating community programs, promoting existing businesses, and acquiring and rehabilitating personal and business properties.
Our goal is to add quality, affordable housing units, both rental and for sale (homeownership), that will improve overall property values in east Greensboro. A stated goal from the City of Greensboro’s Connections 2025 Comprehensive Plan is, “Meet the needs of present and future Greensboro citizens for a choice of decent, affordable housing in stable, livable neighborhoods that offer security, quality of life, and the necessary array of services and facilities.”