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 neighborhoods.
They can be involved in a variety of activities including economic development, education, community organizing and real estate development.
[1] In some jurisdictions in the United States, a CDC is by definition targeted towards direct investment in the community, while a "community development advocacy organization" is a category eligible for recognition as a tax-exempt charity or service organization.