The Allen Community Development Corporation (CDC) is marking another year of major investments in the Allen community.
During a presentation to Allen City Council, board chair George Chrisman listed dozens of recent projects funded in part by the CDC, including:
Since its formation in 1996, CDC has overseen $117.8 million in parks, trails and other community projects.
Where does CDC get its money?
For every dollar spent in Allen, shoppers pay half a cent in dedicated sales tax to fund the CDC. Because Allen attracts shoppers, diners and overnight hotel guests from across the nation, this type of funding allows Allen to enhance the community while reducing the tax burden on Allen citizens.
How long has the CDC existed?
Allen voters approved the half cent sales tax in May 1996. Allen Community Development Corporation was formed in November of that year to oversee spending of tax revenue.
How are projects chosen?
Every year, CDC hosts a Town Hall Meeting so citizens can share projects of interest. The CDC board receives input from City staff to help estimate what each project could cost. Staff also propose projects based on resident feedback on surveys connected to master planning efforts. Proposed projects are then ranked and selected for funding based on criteria set by the board and state law.