Recommendation CC.25
Recommendation Status: Existing
Fund and strengthen Community Development Corporations (CDCs) to leverage more public and private investments in housing and neighborhood improvements.
This recommendation help achieve the following
Applicable Geographic Scales
Countywide
Municipalities
Key Issues Addressed
Sustainability Considerations
Sub-geographies
(Lemay, Spanish Lake, University City, 24:1 Normandy Collaborative, W. Florissant Avenue Great Street Initiative (Ferguson/Dellwood/ Jennings))
Equity Considerations
Community Development Corporations work with communities and households that are at or below 80% of Area Median Income.
Community Development Corporations are guided by federal regulatory requirements, including conducting environment assessments and remediation of housing development and rehabilitation.
Related Planning Topic Areas
Inclusive
Economies
Complete Communities
Low
(Less than $1 mil)
Medium
($1-5 mil)
Partnership
Implementation
Lead Partner(s)
St. Louis County Department of Human Services - Office of Community Development
Community Builders Network of St. Louis
Timeline
Ongoing
Near-term
(Within 5 Years)
Supporting Partner(s)
Rise Community Development
Beyond Housing
Wellston Community Empowerment Corporation
Safe Housing for the Elderly and Disabled
The Housing Partnership (Lemay)
Spanish Lake Community Development Corporation,
Ferguson Neighborhood Improvement Program
One West Florissant Initiative
Project
Cost
High
($10+ mil)
Project, Partnership, or Policy
Policy
Medium-term
(5-10 Years)
Long-term
(10+ Years)
Potential Funding Sources
Community Development Block Grant
HOME Investment Partnership
Federal Home Loan Bank
St. Louis County Port Authority Community Investment Fund
Invest STL
Tracking Implementation
Assess CDCs budget projections annually to reduce, but not eliminate, government funding.
Tracking Success
Diversification of funding sources (Percentage of government grants, fee income, and contributions).
Operating annually with net income.
If overperforming, what should we do?
Provide more unrestricted operating support.
If underperforming, what should we do?