Abstract
Community development corporations (CDCs) are new institutions which substitute collective for private ownership and combine social goals and functions with economic development for the poor. In part, a response to OEO-funded community action agencies, which have not lived up to expectations, CDCs are designed to reduce local economic dependency and increase individual and community power. A specific CDC, the Centerville Fund, Inc., is described with particular regard to its relationship to the community and its attempt to combine business and social goals. Its four years of experience suggest that the idea is feasible, and that it is applicable to more affluent citizens and communities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
