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About CDCThe Community Development Corporation of Utah (CDC), a non-profit, 501(c)(3) organization, was originally created by the Salt Lake City Council in 1990 to relieve blighted downtown neighborhoods. As demand for community development programs and services has grown, so has the CDC. Still true to its roots, the CDC is located in Salt Lake City where it performs much of it community development work. But today, the CDC’s mission is statewide. Its statement of purpose reads:
Since its creation, CDC has built 144 homes and rehabilitated nearly another 200 existing homes throughout Utah. The CDC has also forged a unique partnership with the US Department of Housing and Urban Development (HUD) becoming one of only 14 organizations in the nation to administer the Asset Control Area program. This means the CDC purchases, at half their as-is value, all HUD-foreclosed homes that fall in revitalization areas in Salt Lake and parts of Davis County, rehabilitates the homes, then resells them at or below market value to income-eligible families and/or police officers and teachers. To date, CDC has purchased more than 70 of these homes and has rehabilitated most of them already. The Community Development Corporation of Utah provides homebuyer education and one-on-one counseling to many communities throughout the state, too. In the last 12 months, CDC has served more than 300 clients. All told, CDC has served nearly 2000 low-to-moderate income families in nearly 126 Utah communities. A recent low-income homebuyer’s thoughts reflect the impact the CDC has nearly every day:
The Community Development Corporation of Utah carries out it mission under the leadership of a 15 member Board of Directors and a lean staff of 12 dedicated professionals.  Welcoming an income-eligible family of eight to their new home. |
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