Non-profits Have Little To Show After Years Of Funding

After a decade of funding community development corporations have completed few projects. (Second of two articles.)

1 minute read

March 6, 2002, 6:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"A walk in the nation's capital shows how little has been bought with the millions of public dollars turned over to community development corporations, the nonprofits charged with using taxpayer funds to bring stability and security to struggling neighborhoods. Today -- after a decade of steady funding totaling $100 million -- the community development corporations have completed just 70 of 200 publicly funded projects. The failure extends even to those that have been completed because many have been marred by overspending, delays and lawsuits."

Thanks to Andy Alarcon

FULL STORY: Risky Ventures, Little Accountability

Monday, February 25, 2002 in The Washington Post

Community / Economic Development United States

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