Subject: Economic Development
Can The Silk City Forge Its Next Industrial Revolution?
New Jersey's Paterson is among the nation's oldest planned industrial cities, but it has fallen on hard times since the once-booming silk industry there declined in the latter half of the 20th century. Much of the industry in this city of 150,000 has since left, but now a geological attraction once envisioned by Alexander Hamilton as something that could be harnessed for industrial might, is fully protected, and could be channeled, this time, for its community-building potential.
Operation Neighborhood Recovery and the Future of Community Development
Urban Essex County, New Jersey, one of the hardest hit areas in the state by the ongoing foreclosure crisis, could be the laboratory for an ostensible reinvention of community development, as a local CDC there announced today the successful acquisition of 47 mortgages on troubled properties with an eye toward stabilizing neighborhoods in some of the oldest suburban communities in New Jersey.
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New and Noted
Long Time Coming
After 40 years of abuse and neglect, will the residents of D.C.'s once-vibrant Shaw neighborhood succeed in redefining the value of people and place?
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National Housing Institute