The federal Department of Housing and Urban Development (HUD) defines an "affordable dwelling" as one that a household can obtain for 30 percent or less of its income. Since the COVID-19 pandemic, affordable housing has become even more scarce. Rising rent rates are leading to more families to become unhoused.
Change Happens CDC's primary mission is to provide affordable housing, especially in areas where residents are likely to be displaced due to gentrification. The CDC acquires land, develops it, and provides renters and homebuyers with clean, safe, and affordable housing.
Change Happens CDC is a non-profit 501(c)(3), funded largely by individual donors, corporations, and government agency grants at the local, state, and federal levels. This means the CDC does not profit from charging residents market-rate, which means we can provide housing at affordable rates.