Frequently Asked Questions
What is a Community Development Corporation (CDC)?
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood, and their Boards are traditionally composed of residents or business owners living in the area served by the CDC, in addition to individuals with expertise in areas key to the organization’s mission.
What is Greenwood Legacy Corporation?
Greenwood Legacy Corporation is a new Community Development Corporation (CDC) established to support and lead implementation of the Kirkpatrick Heights / Greenwood Master Plan. The CDC was formed based upon recommendations made by a Community Governance Working Group that met throughout 2023.
Who serves on the founding board of Greenwood Legacy Corporation?
Greenwood Legacy Corporation was formed with a Founding Board of five (5) members. All five members served on an Advisory Committee that was selected earlier this spring following a public application process.
Members of the Founding Board include:
How were Founding Board members selected?
Board members were selected from among the members of a nine (9) person Advisory Committee. Efforts to establish the Advisory Committee were started in January 2024 following recommendations from the Community Governance Working Group. Advisory Committee members were chosen by a community-led selection committee, with selections being made based upon residency in the Kirkpatrick Heights-Greenwood neighborhoods, identified priority skill sets, and an applicant’s commitment to implementing the Master Plan.
Will there be an opportunity for other members of the community to join the board?
Yes. The Founding Board serves as the body that will support further actions to establish Greenwood Legacy Corporation, including adopting Bylaws for the new organization that will govern how the CDC will function.
Similar to how the Advisory Committee was selected, the Founding Board anticipates remaining Board seats will be filled through a public application process. The Founding Board members are legally responsible for voting to approve additional members of the Board.
Now that Greenwood Legacy Corporation has been established as a legal entity, what happens next?
The formal incorporation of Greenwood Legacy Corporation is just the first of many steps to establish a CDC that will support and lead implementation of the Kirkpatrick Heights / Greenwood Master Plan. This action establishes the legal governance mechanism, through the Founding Board, to make decisions on the work of Greenwood Legacy Corporation.
The following areas of work will be the focus of the Founding Board for the next 3-6 months:
Board Governance: The Founding Board will finalize its Bylaws, elect officers, and develop its timeline for soliciting applications for additional Board members. Any additional Board seats will be filled through a public application process. Additionally, the Board will work with legal counsel to prepare paperwork for seeking non-profit status.
Staffing: The Founding Board will work with PartnerTulsa staff to identify critical initial staffing needs, and determine how these staffing needs will be met. It is expected that PartnerTulsa staff will continue to support the CDC and its Founding Board through an initial incubation period. Any new staff position opportunities related to the CDC will be posted publicly.
Operations: The Founding Board will work with PartnerTulsa to develop a recommended budget and develop contracts to access funding dedicated by PartnerTulsa and the City of Tulsa for the CDC’s launch.
Development Analysis: Working alongside PartnerTulsa staff, the Founding Board will begin evaluating the path to physical development within the Master Plan area, leveraging funding recently awarded through a U.S. Department of Transportation grant intended to support innovative approaches to financing development.