To be eligible for the CED program, an applicant must meet three conditions:1. Applicant must be a private, non-profit CDC with 501(c)(3) status;2. Applicant must have articles of incorporationĀ or bylaws demonstrating that the CDC has, as a principal purpose, the planning, developing, or managing of low-income housing or community economicĀ development activities; and3. The Board of Directors must have representation from each of the following: community residents, business leaders, and civic leaders.Note: The CDC designation does...
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