Statement of Endorsement
The COMMUNITY ECONOMIC DEVELOPMENT EXPERTISE ENHANCEMENT ACT, H.R. 1480

As a supporter of community development and non-profit organizations, The National Congress for Community Economic Development asks your organization to formally endorse the Community Economic Development Expertise Enhancement Act, H.R. 1480 (CEDA). The House bill was introduced with 19 original co-sponsors, led by Congresswoman Stephanie Tubbs Jones (D-OH), CEDA's original sponsor in 2002.

NCCED played a major role in crafting the legislation, which authorizes $225 million to provide technical assistance and capacity building funds for community development corporations (CDCs). CEDA will expand the nation's investments in CDCs to increase their ability to utilize tax credits to build homes and create jobs that help revitalize low-income communities.

Specifically, CEDA will:

• ensure that opportunities to undertake viable economic development projects are widely available throughout the United States by extending capacity building activities to geographically diverse CDCs;
• expand the project development capabilities of CDCs through retention, hiring, and training of skilled staff;
• establish a three-year program of grants which promotes the use of mentoring relationships to CDCs' access to legal, financial, and construction design resources and services; and
• authorize investments by regulated financial institutions in community economic development projects of eligible CDCs.

House of Representatives original CEDA co-sponsors in the 108th Congress include: Stephanie Tubbs-Jones (D-OH-11th); Patrick Tiberi (R-OH 12th); Artur Davis (D-AL-7th); Charles Bass (R-NH-2nd); Barbara Lee (D-CA 9th); Robert Andrews (D-NJ-1st); Earl Blumenauer (D-OR 3rd); Chaka Fattah (D-PA-2nd); Julia Carson (D-IN-7th); James Clyburn (D-SC-6th); Corrine Brown (D-FL 3rd); Ruben Hinojosa (D-TX-15th); Nicholas Lampson (D-TX-9th); Gregory Meeks (D-NY-6th); John Dingell (D-MI-15th); Marcy Kaptur (D-OH-9th); Bobby Rush (D-IL-1st); Dale Kildee (D-MI-9th); and Albert Wynn (D-MD-4th).

To formally endorse the Community Economic Development Expertise Enhancement Act complete the following information either on line or by downloading this form and faxing to (202) 289-7051.

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Thank you for supporting the Community Economic Development Expertise Enhancement Act and community revitalization and economic development efforts. Keep informed of important events concerning community economic development by joining the Legislative Action List!

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