CDB vs. CDC

We are all indebted to David Lewis for his detailed discussion of Community
Development Banks and Community Development Corporations. There is only
one small point which might be misunderstood from his discussion. There
are many CDC's which are not bank-based CDC's at all, indeed, which may
have no particular relationship to banks. Thus, I guess what we have is
CDG's, Bank-based CDC's, and "other" CDC's. Some of the earlier work on
CDC's as an instrument for dealing with the development of poor communities
was done in about 1969 by the Ford Foundation, preceding the Community
Reinvestment Act (CRA) by a number of years and, if my memory is correct,
the original provisions allowing the creation of bank-based CDC's, or
allowing banks to make equity investments in existing CDC's, were in CRA,
right?
Donald E. Voth
Professor of Rural Sociology
HOEC 118
School of Human Environmental Science
University of Arkansas
Fayetteville, AR 72701
501-575-2409 (Office)
501-575-7171 (Fax)
dvoth@comp.uark.edu

Pogo: "Gentlemen, I fear we face unsurmountable opportunities."



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