Volume 18, Issue 4
2007
Edwin Melendez and Lisa J. Servon
In this article, we use a random sample of urban community development corporations (CDCs) to determine whether distinct types exist and, if so, to estimate their prevalence in the industry. The typical urban CDC has a diversif ied portfolio of economic and social development activities, including community organizing, and is likely to have a housing development program, although not necessarily a large one because relatively few are high producers.
Large-scale housing producers, def ined in the study as having produced at least 500 units during the previous 10 years, comprise 18 percent of CDCs. A large organizational capacity, an aff iliation with national intermediaries, the training of staff and the adoption of computers, the length of executive directors’ tenure, and the share of funding devoted to housing programs are the most important factors increasing the odds that a CDC will belong to the group of high producers.
|
