Community Development Corporations
The Community Development Grants Program has been a part of the Rural Center almost from the beginning. It began with a request from the N.C. General Assembly in 1987 that the Rural Center administer an economic development grants program focused on minority-controlled organizations.
The center championed the effort because it recognized the potential of CDCs in serving low-income and minority communities through comprehensive development strategies. Many of North Carolina's minority communities have suffered from long-term economic distress and from a lack of capital for economic development.
After a few years, the center added a technical assistance component to the grants programs, providing training and on-site consultation. These have covered such issues as board development, strategic planning, personnel systems, fiscal management, housing development, business development, community leadership, collaboration, and housing and rental counseling.
• 81 CDCs supported
• $35 million in grants awarded
• 20 CDCs in program
Funded CDCs have
• Constructed more than 500 housing units
• Rehabilitated and/or weatherized more than 400 homes
• Conducted more than 350 training workshops
• Operated programs focusing on youth development, financial literacy, leadership development,
homebuyer education, health education, entrepreneurship and national customer service training
• Prevented more than 1,200 home foreclosures
• Led commercial development projects that served more than 500 businesses