Property Ownership
A Pennsylvania 'community development corporation' (CDC) typically:
AIssues real estate licenses for community developers
BIs a nonprofit organization that develops affordable housing and promotes economic development in distressed communities✓ Correct
COperates as a for-profit brokerage in underserved areas
DIs a government agency administering CDBG funds
Explanation
CDCs are nonprofit organizations that develop affordable housing, commercial properties, and community facilities in underserved areas. Pennsylvania has many CDCs in urban areas like Philadelphia, Pittsburgh, and Allentown. They often partner with PHFA, CDBG, and private lenders to finance community development projects.
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