CIDC AS DEVELOPER

Overview

 

Community Initiatives Development Corporation (CIDC) is a 501-C-3 nonprofit corporation chartered in the Commonwealth of Pennsylvania in 1992. Its mission is to lessen the burdens of government and nonprofit organizations. CIDC provides consulting services to governmental entities for the purpose of stimulating economic development and creating affordable housing opportunities. CIDC also develops affordable housing and government facilities and assists in bringing development plans to fruition.

Tools

  • Private and public financing of fixed assets and working capital.

  • Downtown revitalization (master plan evaluation, feasibility analysis, funding sources).

  • Building economic delivery systems, training client staff in their implementation.

  • Funding public facilities without the general obligation of any municipal entities.

  • Packaging small business loans, grant applications and other government financing.

  • Researching new financing opportunities and federal regulations.

  • Taxable and tax-exempt bond financing for commercial, industrial and municipal projects and affordable housing.

  • New Market Tax Credit program to stimulate investment in low-income areas.

Resources

 

CIDC draws upon a network of nationally recognized developers and financing sources to carry out the approval process, building construction and marketing of projects.

 

CIDC staff has extensive knowledge of Community Development Regulations, as well as those that pertain to federal funding sources. Federal Register updates are monitored and applicable changes and/or new legislation presented to clients. Staff is familiar with regulations for HUD, FHA, FannieMae, and SBA loan programs and conducts ongoing research to discover new methods for employing federal, semi- private and private financing.