The Community Development Corporation of Utah empowers residents to become and remain successful homeowners and renters, creating vibrant, sustainable communities.
Mission
Community Development Corporation of Utah (CDCU) strengthens our communities by empowering all Utahns through access to affordable housing and financial security.
Vision
CDCU assists in alleviating the burdens of poverty and financial insecurity so that all Utahns can develop their full potential.
History
Community Development Corporation of Utah (CDCU) is a 501(c)(3) non profit organization founded in 1990. Our organization has since grown to be a major affordable housing provider throughout the state of Utah. We build new single and multi-family housing, rehabilitate existing housing stock, and work to revitalize neighborhoods around the state. We also provide a combination of critical community services including homebuyer education, homeowner case management, down payment assistance, and mortgage lending. Everything we do is designed to help low-to-moderate income families make homeownership a reality.
Our organization has built or rehabilitated over 400 homes throughout Utah. By forging a unique partnership with the US Department of Housing and Urban Development (HUD), we have become one of only five organizations in the nation to administer the Asset Control Area (ACA) program. Through ACA, we purchase all HUD-foreclosed homes that fall in critical revitalization areas in Salt Lake and parts of Davis County. We then rehabilitate the homes and resell them at or below market value to income-eligible families. To date, we have rehabilitated more than 100 of these homes, and we have helped more than 4000 families in over 125 Utah communities become homeowners.