What is Asian Community Development?
Asian Community Development Corporation (ACDC) is a nonprofit entity headquartered in Boston's Chinatown, dedicated to the development of affordable housing solutions within Chinatown and the broader Greater Boston area. The organization's core mission involves investing in Asian American and low-income communities through the creation and preservation of vibrant neighborhoods. Beyond housing, ACDC actively engages in youth programs and community building initiatives to further its objectives. Contributions through the Community Investment Tax Credit are a key mechanism for donor support.
How much funding has Asian Community Development raised?
Asian Community Development has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Asian Community Development?
The substantial late-stage funding indicates a strategic phase for Asian Community Development, likely focused on scaling its affordable housing initiatives and expanding its community impact. This capital infusion is expected to bolster the organization's capacity to undertake larger projects, enhance existing programs, and potentially explore new avenues for neighborhood revitalization. The 'major strategic investment' suggests a strong alignment with partners who share ACDC's long-term vision for sustainable community development and economic empowerment in underserved populations.
See full Asian Community Development company page
