Recognizing the importance of community development corporations (CDCs).

Declares that the House of Representatives: (1) recognizes the importance of promoting community development corporations in communities across the United States; (2) acknowledges the contributions community development corporations have made in providing affordable housing, employment, and educational opportunities for community residents; and (3) recognizes the need for the federal government to provide financial assistance to community development corporations to support their continued efforts in economic development, affordable housing production, and job creation in communities having such needs, particularly after Hurricanes Katrina and Rita.