Polk Community Development

What Polk Community Development does

Polk Community Development Corporation (Polk CDC) is a private 501c3 nonprofit community development corporation founded in 1989 in Dallas, Oregon, and operating exclusively within Polk County. Its mission is to provide affordable rental housing, home repair financing, and pathways to homeownership for low and moderate income residents earning below 80% of Area Median Income. The organization has developed 198 affordable housing units since inception, of which approximately 85 are currently self-managed across properties in Dallas, Independence, and Monmouth. Its portfolio serves five distinct sub-populations: general low/moderate income families and individuals, veterans, senior citizens, persons with disabilities and special needs, and individuals/families in addiction recovery. Polk CDC is governed by an 11-member volunteer board of local residents and operates as a designated Community Housing Development Organization (CHDO), accessing specialized federal and state housing funding.

Polk CDC's product suite spans four core lines: (1) Affordable rental housing delivered through multi-family properties (Woodbridge Meadow Apartments, Rickreall Creek Townhomes, Park West, El Glen) and dedicated supportive housing (East Place, Hillside Villa, Hart Land Veterans); (2) the Individual Development Account (IDA) program offering a 5-to-1 savings match through the VIDA collaborative for homeownership and secondary education; (3) the Home Repair Loan Program providing low-interest loans and grants through a $3.2 million Housing Rehabilitation Revolving Loan Fund, with cumulative home repairs of $8.5 million benefiting 800+ families; and (4) supplementary community programs including the Carol Hensley Memorial Children's Fund, Summer Lunch Program, and After School Program. Property management is supported by the AppFolio platform for tenant rent payment, owner portal, and maintenance requests. Polk CDC also holds NMLS mortgage loan originator licensing, enabling in-house lending services.

Revenue is generated through four streams: recurring rental income from 85 self-managed units, interest and fees from the Revolving Loan Fund, grant funding from sources including Meyer Memorial Trust, Oregon Housing and Community Services, and Community Development Block Grants, and public donations. Distribution is entirely direct through the Dallas, Oregon headquarters and staff. Marketing relies on community-based outreach, partnerships with local housing authorities and social service organizations, and word-of-mouth referrals rather than paid acquisition. The organization maintains 11-50 employees and is currently executing the most ambitious development pipeline in its history, with Carson Commons (20 units) opened in 2025, Quarterdeck (34 units) breaking ground in 2026, and Dallas Mill Station (63 units) breaking ground in 2027.

Name

Polk Community Development

Legal name

Polk Community Development Corporation

Website

https://polkcdc.org

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

Polk Community Development Corporation is a 501c3 nonprofit founded in 1989 in Dallas, Oregon, that develops, manages, and finances affordable rental housing, home repair loans, and homeownership pathways for low and moderate income residents of Polk County, Oregon, serving families, veterans, seniors, and persons with disabilities.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111), Administration of Housing Programs (925110)

SIC

Services-Social Services (8300), Services-To Dwellings & Other Buildings (7340), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Affordable & Public Housing Asset Management (BPAJAMAI), Housing Voucher & Rental Assistance Programs (Tenant-Based/Project-Based) (FSALAKAI)

Keywords

• Affordable housing development
• Community development corporation
• Housing rehabilitation loans
• Supportive housing services
• Individual development accounts

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Rental Income: Polk CDC generates revenue from renting affordable housing units across multiple properties in Polk County, Oregon. The organization manages approximately 85 self-managed rental units and collects rent from tenants in affordable housing developments.
2. Home Repair Loans and Grants: Polk CDC administers a Housing Rehabilitation Revolving Loan Fund providing low-interest loans and grants to eligible homeowners for home repairs. This generates fees and interest income from loan servicing.
3. Grant Funding: Polk CDC receives grant funding from sources including Meyer Memorial Trust, Oregon Housing and Community Services (OHCS), Community Development Block Grants (CDBG), and Oregon IDA Tax Credit programs to support operations and program delivery.
4. Donations: Polk CDC accepts donations from the public, with 100% of donations directed toward community programs. The organization also participates in the Amazon Smile program for charitable donations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Polk CDC develops and manages high-quality affordable rental housing for low and moderate income residents of Polk County, Oregon, across multiple multi-family and supportive housing properties. It administers a Home Repair Loan Program providing low-interest loans and grants to income-eligible homeowners, runs an Individual Development Account (IDA) Program offering a 5-to-1 savings match for first-time homeownership and education, and delivers property management, resident services, foreclosure prevention, and lease-to-own programs targeting households earning under 80% of Area Median Income.

Product overview

Polk Community Development Corporation is a private non-profit community development corporation offering a portfolio of affordable housing products and services. The core offerings include: (1) the Individual Development Account (IDA) Program providing 5-to-1 savings match for homeownership and education; (2) the Home Repair Loan Program offering low-interest loans, grants, and free energy assessments for home improvements; (3) Affordable Rental Housing through multiple multi-family properties (Woodbridge Meadow, Rickreall Creek Townhomes, Park West, El Glen, Log Cabin Duplexes) with amenities including community rooms, internet, and in-unit washers/dryers; (4) Supportive Housing for seniors, veterans, disabled individuals, and persons in recovery; and (5) Property Management Services with tenant and owner portals. The organization also administers a $3.2 million Revolving Loan Fund and operates community programs including the Carol Hensley Memorial Children's Fund, Summer Lunch Program, and After School Program. Services are primarily targeted to households earning less than 80% of Area Median Income in Polk County, Oregon.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Development Account (IDA) Program Savings-match program providing a 5-to-1 match on participant savings for first-time homeownership and secondary education, paired with financial education and support services. Delivered through the VIDA collaborative administered by CASA of Oregon.
• Home Repair Loan Program Low-interest loans and grants to income-eligible Polk County homeowners for necessary home repairs, accessibility upgrades, and energy efficiency improvements, including free home energy assessments using Energy Trust of Oregon incentives.
• Affordable Rental Housing High-quality, affordable apartment homes across multiple multi-family properties in Dallas, Independence, and Monmouth, with amenities including community rooms, internet, and in-unit washers/dryers. Targeted to households earning under 80% of Area Median Income.
• Supportive Housing Affordable housing and services for families, working adults, seniors, veterans, people with disabilities, and persons living with addictions. Includes group homes, alcohol- and drug-free housing, recovery housing, and dedicated veterans housing delivered in partnership with county behavioral health and recovery agencies.
• Foreclosure Prevention Program Foreclosure prevention services administered in partnership with the State of Oregon Infrastructure Finance Authority to assist Polk County homeowners at risk of foreclosure.
• Lease-To-Own Program Lease-to-own housing program helping first-time homebuyers achieve homeownership, with 20 families graduated into homeownership through the program.
• Property Management Services Direct property management services for Polk CDC's self-managed affordable housing portfolio, including leasing, tenant relations, rent collection via the AppFolio tenant portal, owner portal access, maintenance request handling, and Fair Housing compliant resident services.
• Hart Land Veterans Apartment Homes 10-unit affordable rental property in Dallas, Oregon dedicated to veterans, part of Polk CDC's veterans housing portfolio.
• Carson Commons 20-unit affordable housing development in Polk County.

Quantifiable outcome

• 800+ families assisted with $8.5 million in home repairs through Revolving Loan Fund
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core, foundational and supporting.

• Valley Individual Development Account (VIDA) CollaborativecoreStrategic or Co-development Partner · 1 January 2005Polk CDC became a founding member of VIDA in 2005, which has grown to include 42 community-based organizations and has become the largest IDA network in the country. VIDA is administered through CASA of Oregon and provides a 5-to-1 match on participant savings.
• MERIT (MicroEnterprise Resources, Initiatives, and Training)coreStrategic or Co-development Partner · 1 January 2004In 2004, Polk CDC joined with four other local non-profits to found MERIT, a training program for aspiring small business owners now serving Polk, Yamhill and Marion counties.
• Polk County Housing Authority (now West Valley Housing Authority)foundationalStrategic or Co-development Partner · 1 January 1989Polk CDC was organized in 1989 as a private 501c3 non-profit corporation by the Polk County Housing Authority. The Housing Authority originally founded Polk CDC to help the community meet housing needs not filled by government and private market. The two organizations continue to partner on housing initiatives.
• Housing Authority of Yamhill CountycoreStrategic or Co-development PartnerPolk CDC is designated as a Regional Housing Center in partnership with the Housing Authority of Yamhill County, providing financial and homeownership education services.
• CASA of OregoncoreImplementation/ SI/ Consulting PartnerCASA of Oregon administers the VIDA program through which Polk CDC delivers its IDA services, providing the 5-to-1 matching funds for participant savings.
• Polk County Behavioral Health ServicescoreImplementation/ SI/ Consulting PartnerPolk CDC partners with Polk County Behavioral Health Services to provide supportive housing and services for individuals and families in addiction recovery.
• Polk County Drug CourtsupportingImplementation/ SI/ Consulting PartnerPolk CDC partners with Polk County Drug Court to provide supportive housing for parents in recovery of addictions being reunited with their children.
• Partnerships in Community Living (PCL)coreImplementation/ SI/ Consulting PartnerPolk CDC works with PCL, a Monmouth-based non-profit dedicated to expanding horizons and enhancing quality of life for persons with developmental disabilities, to provide housing and services.
• Sunny Oaks Inc.supportingImplementation/ SI/ Consulting PartnerPolk CDC partners with Sunny Oaks Inc. and other organizations to provide services for persons with developmental disabilities in supportive housing settings.
• Carol Hensley Memorial Children's FundsupportingStrategic or Co-development PartnerPolk CDC manages the Carol Hensley Memorial Children's Fund, established in 1991 in partnership with Polk County Housing Authority, which provides grants to children for school clothes, supplies, camps, and medical/dental assistance.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Home Forward: Housing authority of Portland (formerly Housing Authority of Portland) administering federal housing programs and operating affordable rental properties. Comparable as an Oregon affordable housing provider with federal program administration.
• Habitat for Humanity International: Largest U.S. nonprofit affordable housing organization focused on homeownership for low-income families. Comparable in affordable housing development and homeownership pathway model, but operates at much larger national scale.
• Central City Concern: Portland-based nonprofit combining affordable housing with health, recovery, and employment services for people experiencing homelessness and poverty. Comparable supportive housing and resident services model at larger urban scale.

Direct peers

• CASA of Oregon: Oregon statewide nonprofit that administers the VIDA IDA collaborative and develops affordable housing through CHDOs. Directly comparable as an affordable housing intermediary administering programs that Polk CDC participates in.
• JOIN: Portland-based nonprofit providing housing, case management, and supportive services for people experiencing homelessness. Comparable in mission around housing stability and supportive services for vulnerable populations.
• Partnerships in Community Living: Monmouth, Oregon-based nonprofit serving persons with developmental disabilities — closely collaborates with Polk CDC on supportive housing. Comparable in serving special needs populations through housing and supportive services.
• Northwest Housing Alternatives: Oregon-based nonprofit that develops and manages affordable rental housing and supportive housing for low-income residents. Directly comparable in mission, service model (rental + supportive housing), and Oregon regional focus.
• Community Partners for Affordable Housing: Oregon-based nonprofit affordable housing developer providing rental housing, homeownership pathways, and resident services. Closely comparable in scope — combining development, property management, and asset-building programs.
• West Valley Housing Authority: Public housing authority that founded Polk CDC in 1989; provides Section 8 voucher administration and affordable housing in Polk County. Most direct comparable given shared geography, founding relationship, and overlapping affordable housing mandate.

Regional players

• Housing Development Center: Oregon-based nonprofit developing affordable homeownership opportunities and providing homebuyer education. Comparable in homeownership pathway focus, though operates in different Oregon regions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/PolkCDC
• LinkedInlinkedin.com/company/realtex

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Polk Community Development