IV 
110TH CONGRESS 
1ST SESSION 
H. RES. 71 
Recognizing the importance of community development corporations (CDCs). 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 17, 2007 
Mrs. JONES of Ohio submitted the following resolution; which was referred to 
the Committee on Financial Services, and in addition to the Committee 
on Education and Labor, for a period to be subsequently determined by 
the Speaker, in each case for consideration of such provisions as fall with-
in the jurisdiction of the committee concerned 
RESOLUTION 
Recognizing the importance of community development 
corporations (CDCs). 
Whereas community development corporations (known as 
CDCs) are nonprofit community organizations formed 
and controlled by residents, small business owners, and 
leaders in the community; 
Whereas CDCs were first created in the late 1960s in re-
sponse to the deterioration of inner cities due to sub-
urbanization and the loss of industrial jobs; 
Whereas CDCs are created for the purpose of revitalizing 
inner cities and neighborhoods by providing a range of 
services to stimulate economic development and growth in 
local communities; 
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Whereas through 2005 CDCs have provided $1,500,000,000 
in financing for commercial and industrial development 
projects; 
Whereas CDCs are involved in workforce development by pro-
viding job training and support and creating employment 
opportunities for community residents; 
Whereas CDCs offer social services and enrichment programs 
for community residents, including child care, education 
programs, skills training, counseling, and health care 
services; 
Whereas a CDC can respond more quickly to the needs of its 
community than the local government, which must allo-
cate resources to all communities within its jurisdiction; 
Whereas CDCs often serve as intermediaries between commu-
nities and local governments and mobilize communities to 
improve; 
Whereas 4,600 CDCs have been created since 1994, and the 
number of CDCs increased by 3 percent in 2006; 
Whereas CDCs are a leading force in micro-lending as a 
means to fight poverty, create jobs, and enhance business 
development, providing over 116,000 loans totaling 
$1,500,000,000 in 2005; and 
Whereas CDCs are estimated to have established 774,000 
private sector jobs and developed 1,250,000 affordable 
housing dwelling units through 2005: Now, therefore, be 
it 
Resolved, That the House of Representatives— 
(1) recognizes the importance of promoting 
community development corporations in communities 
across the United States; 
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(2) acknowledges the contributions community 
development corporations have made in providing af-
fordable housing, employment, and educational op-
portunities for community residents; and 
(3) recognizes the need for the Federal Govern-
ment to provide financial assistance to community 
development corporations to support their continued 
efforts in economic development, affordable housing 
production, and job creation in communities having 
such needs, particularly after Hurricanes Katrina 
and Rita. 
Æ 
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