1990

In 1990, the Belmont Community Development Corporation evolved from the neighborhood association’s (Belmont Neighborhood Strategy Force) efforts to seek solutions to the many complex issues residents of the neighborhood faced each day.

One of the many problems they found among the community included families needing adequate, decent affordable housing. They also felt a need to bring back to the community a sense of community by creating a mechanism that would allow the residents to shop within the community for some of their everyday necessities. Thus, the Belmont CDC was established as a mechanism for the investment of financial resources.  These investments are in the development of quality affordable housing and decent neighborhood-controlled businesses.  

Today, the organization continues to serve the needs of the community by creating community economic development opportunities. The organization is currently governed by a six-member Board of Directors and administered by an Executive Director and a Program Manager. 

Over the past several years in our efforts to address the need of homeownership, 1) BCDC has developed, built (through a local contractor) and sold over twenty (20) affordable housing units (new construction and rehab) to first time homebuyers that qualify at 60% to 80% AMI. Through this project we offer homeownership educational programs to those potential homebuyers. Our homeownership education is important as it offers a clear path to understanding homeownership through pre and post counseling.  

We have provided one on one counseling to establish financial responsibility through budgeting. Clients developed a budget guide through our 2) Financial Literacy (Money Smart Management) classes to manage their finances on a monthly or quarterly basis. Clients learn how to budget and save are the key skills taught in our financial fitness class that help consumers learn how to maximize their incomes, increase their savings and reduce their debt load. Once completed, clients have a workable budget plan to guide them through homeownership education which provides the tools to become economically stable and one step closer to homeownership.

 3) BCDC has provided Life Skills training to its residents by offering one on one skills training to clients that helps them with the ability to cope with the stresses of daily life, communication and literacy decision making and problem solving. 

BCDC program(s), activities and events have served over 1,000 families/individuals in the Belmont, Optimist Park and Villa Height neighborhoods and surrounding areas the past several years. 

Belmont is a dynamic neighborhood, nestled between the newly transformed First Ward, the popular historic Plaza-Midwood neighborhood, and the emerging North Davidson (NoDa) area.

BCDC serves a neighborhood of approximately 1,750 households, a primarily low-moderate income area with 70% of the households below 50% of the area median income.