Section 10-B5300. GENERAL PROVISIONS

 

5300.1The Community Development Corporation (CDC) shall be a non-profit organization incorporated in the District of Columbia pursuant to §501(c) (3).

 

5300.2The articles of incorporation for each Community Development Corporation shall state the geographic area and the boundaries for such area where the corporation will carry out its activities for community development.

 

5300.3The articles of incorporation, or bylaws of each Community Development Corporation, shall provide for membership in the corporation by persons who are residents of the area; business owners or operators in the area; service group representatives, and other representatives of organizations in the geographic area which the Community Development Corporation represents.

 

5300.4The articles of incorporation shall require a Board of Directors broadly representative of the community being served.

 

5300.5The Board of Directors shall include but not be limited to individuals that possess development skills and experiences.

 

5300.6The Community Development Corporation shall comply with all applicable federal and local statutes and regulations, including but not limited to, the U. S. Department of Housing and Urban Development's Housing and Community Development Act of 1974, as amended, and related acts.

 

authority

Unless otherwise noted, the authority for this chapter is §10 of the District of Columbia Economic Development Finance Corporation Act of 1985, D.C. Law 5-89, D.C. Code §1-2219, and Mayor's Order 84-169, 31 DCR 5133 (October 12, 1984).

source

Final Rulemaking published at 34 DCR 1547 (March 6, 1987).