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OPPORTUNITY |
The Alabama Association of Community Development Corporations operates as a connector for investors and corporations to discover viable opportunities for development within Alabama’s low wealth neighborhoods. We translate high-level data and regulations to meet the needs of community leaders while dissolving cultural barriers between the corporate and grassroots sectors. |
what is a cdc? | TESTIMONIAL |
Community development corporations (CDCs) are 501(c)(3) non-profit organizations that are created to support and revitalize communities, especially those that are impoverished. CDCs meet civic needs through services such as housing, education, job training, healthcare, commercial development, and other social programs. CDCs follow a grassroots-up approach; they’re usually established and run by community members or local groups like churches and civic associations.
| Jordan’s Gate is a 48 unit affordable housing community in Opelika, Alabama; built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households (those earning 60% or less of the Area Median Income) Jordan’s Gate also includes some market-rate units. A Project of Greater Peace Community Development Corporation, Rev. Clifford Jones Founder, and AACDC Board President. |
