COMMUNITY DEVELOPMENT CORPORATIONThe White Mountain Apache Community Development Corporation ( CDC ) was organized in 1981, and chartered under the laws of the White Mountain Apache Tribe, as a non-profit charitable corporation pursuant to Section 501 ( c ) ( 3 ) of the Internal Revenue Code. It has been in existence for over 18 years and operates with its own Board of Directors, independent of the Tribe. The Board of Directors of the CDC are appointed by the Tribal Council, however, CDC receives no funding from the Tribe. Its purpose is to serve the comprehensive community development needs of the White Mountain Apache Reservation as spelled out in its Articles of Incorporation, some of which are as follows:CDC is engaged in a comprehensive development program with a long-term goal of improving the economic and social quality of life on the White Mountain Apache Reservation. The mission of CDC, has expanded to include the development of low income housing projects, the management of residential housing rentals, and business development activities, including property management. These operations have created both full-time and seasonal employment and training.In recent years, CDC has focused mainly on the issue of addressing the chronic housing shortage on the Reservation. In 1997 the CDC developed the McNary Housing Project consisting of 20 newly constructed single-family rent to own homes for low income families at a total project cost of $1.5 million. The houses were placed in service in December, 1998.Last year, CDC applied for and received federal low income housing tax credit, which along with investment funds, HOME Funds and a Rural Development Loan constructed a two million dollar 22 unit townhouse project in Whiteriver, providing rent subsidized housing for low income families. The project was placed in service in January 2002.