About the CDC Capacity Building Fund Grant
The vision of the CDC Fund grant is to ensure a robust, effective network of CDCs that are capable of serving as quarterback agencies for scaled revitalization efforts that significantly enhance the quality of life in Memphis’ distressed neighborhoods, thus serving as catalysts for equitable economic growth and advancement. Since launching the grant in 2017, Community LIFT has invested $1.1 million into communities to help build CDC capacity.
For the purpose of this grant, the term capacity building refers to the development of core skills, management practices, strategies, and systems to enhance an organization’s effectiveness, sustainability, and ability to fulfill its mission.
How we define a CDC
The CDC Capacity Fund is exclusively for CDCs; other community-based organizations are ineligible to apply. To be clear, we define CDCs as nonprofit, community-based organizations focused on the community engagement and physical and economic revitalization of the areas in which they are located, typically low-income, underserved neighborhoods that have experienced significant disinvestment. While their ultimate goal may be comprehensive community redevelopment, CDCs generally focus on one or more program areas, such as housing development, economic development (job training, commercial development, small business assistance, etc.), neighborhood planning, infrastructure, and the development of community facilities. In addition, CDCs often serve as the neighborhood quarterbacking agency for resident empowerment, community collaboration and engagement.
Grant Eligibility Requirements
- 501 C3
- Must fit the definition of a CDC
- Paid staff and/or volunteer support
- Must complete the Capacity Assessment Tool (CAT) administered by BLDG Memphis
- Functioning Board
- Organizational Budget
- Operating for more than 1 year
Click this link to download a copy of the Organizational Budget and Project Budget Templates.