Funding

Community Economic Development Sources of Revenue

CDCs support their community economic development activities through grants, loans, donations, and income-generating projects. These funds come from the public sector including federal, state, and local governments and the private sector including intermediaries, corporate and private philanthropies, business partnerships, and quasi-private entities such as the Federal Home Loan Bank System, Fannie Mae, and Freddie Mac. NCCED provides a number of publications to assist a CDC in accessing appropriate funding sources. These include:

Federal Resources

Senate Sets FY 2003 Funding for Community Economic Development Programs

list of agencies and organizations that provide funding

List of all federal community economic development and affordable housing programs (more than 100!)
List of all State Community Economic Development and affordable housing programs (576 programs)

There is no one place in the federal government to go for funds for community economic development. Rather, there are different agencies and offices that provide different types of funds. The following agencies provide some funds for economic development, housing, and community development:

Department of Agriculture
Department of Commerce
Department of Health and Human Services
Department of Housing and Urban Development
Department of Justice
Department of Labor
Department of Transportation
Department of Treasury
Environmental Protection Agency
Small Business Administration

The Federal Government has also created private agencies to meet community needs. They include:

The Federal Home Loan Bank System

Fannie Mae
Freddie Mac

Additional Sources of Funding

Investment Activities

Federal Home Loan Bank System - Community Investment Activities