District of Columbia Community Development Corporation Act

[AI summary unavailable — showing source text] District of Columbia Community Development Corporation Act - Title I: General Provisions - Defines the terms used in this Act. Creates a body corporate of perpetual succession to be known as the District of Columbia Community Development Corporation, to be managed by a Board of Directors. Specifies the composition of Board membership, including the Mayor of the District of Columbia and not more than three employees of the District of Columbia government. Enumerates the administrative powers of the Board. Sets limitations on the personal liability of officers, directors and employees of the corporation, stating however that any director who willfully misrepresents or fails to disclose a conflict of interest shall be subject to personal liability for any damage to the corporation. Title II: Powers of the Corporation - Enumerates the general powers of the corporation. Details the financing authorities of the corporation. Directs the corporation to prepare an annual program describing the activities it proposes to carry out during the subsequent year. Prescribes the procedures to be followed in the making of such program from approval by the Mayor to public hearings and approval by the…