Region V Community Development Corporation
The Region V Community Development Corporation has a principal purpose of planning, developing, owning, and managing affordable housing projects in southeastern North Dakota. These projects benefit lower income households, which are households with an annual income that does not exceed 80 percent of the county median income level.
Region V Community Development Corporation
Overview
The Region V Community Development Corporation (RVCDC) is a nonprofit organization dedicated to planning, developing, owning, and managing affordable housing projects primarily in Southeastern North Dakota. It focuses on benefiting lower-income households with annual incomes not exceeding 80% of the county median income level.
Mission and Activities
The corporation's mission involves conducting market analyses, environmental reviews, and managing housing projects, including rehabilitation of existing buildings, new construction, and single-family developments. Additionally, RVCDC ensures proper maintenance and operational management of these projects to maximize asset returns. It also provides essential services through some of its managed properties.
History and Affiliations
Established in 1994, RVCDC is affiliated with the SouthEastern North Dakota Community Action Agency (SENDCAA). The organization is a member of several national and local housing associations, including the National Association of Housing and Redevelopment Officials (NAHRO) and is recognized as a Housing Credit Certified Professional (HCCP).
Achievements
- 1996 North Dakota Innovative Project Award for the development of Sunset Village in Lisbon, North Dakota.
- 2000 HUD Best Practice Award for the development of the Dakotah Pioneer Center in Fargo, North Dakota.
- 2002 Federal Home Loan Bank Award for Excellence for the development and management of Dakotah Pioneer Center.
- 2002 Champion of Affordable Housing Leadership Award presented by the North Dakota Housing Finance Agency.
Impact
RVCDC has successfully developed over 170 units of affordable housing across multiple communities in North Dakota, including Lisbon, Gwinner, Milnor, Wahpeton, Hankinson, Fairmount, Fargo, West Fargo, Casselton, Hatton, and Northwood.
Financial and Accountability
RVCDC holds a high Charity Navigator rating, reflecting its strong performance in financial health and accountability. It operates with a significant portion of its funds dedicated to program expenses, ensuring that its resources are effectively used to support its mission.
Edit WikiFounded
1994
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Address
Fargo
Region V
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Fargo
Organisations from Region V Community Development Corporation
1. Agassiz Valley Human Resource Association
BETTER WORKPLACES.
2. Make-A-Wish Foundation of North Dakota
Together, we create life-changing wishes for children with critical illnesses in North Dakota.
3. Eastern North Dakota Synod Elca
God's work.
We are a student-focused, land-grant, research university located in Fargo, North Dakota.
5. 4-H Clubs & Affiliated 4-H Organizations
We are a student-focused, land-grant, research university located in Fargo, North Dakota.
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