What is the purpose of Community Development Corporations (CDCs)in the United States?
A)They contribute to revitalization of communities by promoting the development of businesses,jobs,and clean and affordable housing.
B)They explore further possibilities in terms of government regulation of urban development.
C)They tax businesses located in communities with high unemployment or poverty at a lower rate than businesses located in other areas of the city.
D)They shift jobs from low-unemployment areas to high-unemployment areas.

Question

Quizplus · Accepted Answer

Community Development Corporations (CDCs) aim to revitalize communities by promoting the development of businesses, creating jobs, and ensuring the availability of affordable housing. They work to address poverty, unemployment, and economic inequality in neighborhoods, particularly those that have been neglected or underinvested in. The ultimate goal is to improve the quality of life and economic prospects of the people living in these communities. Choices B, C, and D are not accurate descriptions of the purposes of CDCs.

What Is the Purpose of Community Development Corporations (CDCs)in the United