Community Development Corporations (CDCs) and Community Housing Development Organizations (CHDOs) have traditionally focused on housing and neighborhood revitalization. Today, their role can extend far beyond development projects.
These organizations have the potential to become engines of local wealth creation by integrating workforce development, entrepreneurship programs, financial literacy, and homeownership initiatives into their community strategies.
When CDCs and CHDOs connect housing with economic opportunity, they help residents build assets, create businesses, and participate more fully in local prosperity. The result is stronger communities driven by local ownership and long-term growth.
