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 helps achieve the following
Complete
Communities
Inclusive
Economies
Key Issues Addressed
Related Planning Topic Areas
Applicable Geographic Scales
Countywide
Municipalities
Sub-geographies
Equity Considerations
Community Development Corporations work with communities and households that are at or below 80% of Area Median Income.
Sustainability Considerations
Community Development Corporations are guided by federal regulatory requirements, including conducting environment assessments and remediation of housing development and rehabilitation.
Implementation
Lead Partner(s)
St. Louis County Department of Human Services - Office of Community Development
Community Builders Network of St. Louis
Supporting Partner(s)
Cost
Low
(Less than $1 mil)
Medium
($1-5 mil)
High
($10+ mil)
Project, Partnership, or Policy
Project
Partnership
Policy
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
Timeline
Medium-term
(5-10 Years)
Ongoing
Near-term
(Within 5 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
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?
Assess CDCs budget projections annually to reduce, but not eliminate, government funding.
If underperforming, what should we do?
Provide more unrestricted operating support.