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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. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling ...
Created in 1987, Vermont's Housing & Conservation Trust Fund has allocated $247 million in loans and grants to construct affordable housing, conserve farm land, and develop other community projects. This funding was leveraged nearly four times by $950 million in external private and public funding.
The agency actively encourages the use of energy-efficient building standards and materials in the construction of community real estate developments. Project example: In 2007, CCLF provided nearly $1.2 million in pre-development funding to the Historic Pacesetter LP / Whistler Crossing project in Riverdale, Illinois. The money went to support ...
Tax increment financing subsidies, which are used for both publicly subsidized economic development and municipal projects, [2]: 2 have provided the means for cities and counties to gain approval of redevelopment of blighted properties or public projects such as city halls, parks, libraries etc.
SPRINGFIELD, Ill. (WTVO) — Voters in Illinois will get a chance to decide whether Illinois millionaires should pay an additional tax to fund a statewide property tax relief fund. Former Illinois ...
Proposed CDBG projects must be consistent with broad national priorities for CDBG: activities that benefit low- and moderate-income people, the prevention or elimination of slums or blight, or other community development activities to address an urgent threat to health or safety. CDBG funds may be used for community development activities (such ...