According to Wikipedia, a CDC is “a broad term referring to not-for-profit organizations 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. These organizations are often associated with the development of affordable housing.”
In general, CDCs come in many forms and take on different functions. Every CDC is shaped according to community needs and capacities.