Because recent advocacy has succeeded in achieving a change in government accounting standards that led many cities and states to disclose the total costs of the tax abatements they provided last year for the very first time, we now are gaining a better sense of just how much these abatements take away from education and other public services.
The complicated relationship between the Davis-Bacon Act, Black construction workers, and Black-owned construction businesses in Boston.
This book is a major contribution to increasing knowledge and awareness of how far the community development finance movement has come in 30 years.
Who will benefit most from these investments remains the biggest question.
Anchor institutions are beginning to realize that they face similar challenges and, by joining forces, can accomplish goals that once seemed out of reach.
How different would cities look and how different would people’s lives be if those with the power to set policy and invest resources prioritized the most vulnerable residents and the neighborhoods they live in?
A deeper dive into the cause of high housing prices reveals that it is not the price of lumber, bricks, or labor that accounts for high or low housing prices—the controlling factor most often is the price of land.
The current HopkinsLocal effort, a three-year program launched in September 2015, is also clearly a response to the death of Freddie Gray and the events that followed.
Participatory budgeting offers a glimpse of how a more civically engaged society might work, but it’s also a distraction.
How would you measure someone making progress toward escaping poverty? If you've been tuned in to the asset-building movement you might look at their accumulation of assets and preparation for a financial emergency. You might also want to look at cash flow. But can poverty-fighting be solely measured by money?
With Opportunity Zones, the potential is there for great benefit, but it is not yet clear where, how, and to whom any benefits will accrue. People who care about connecting residents and businesses in distressed communities with opportunities need to act now so they fulfill their promise.
What is the underlying dynamic that leads so many council members in low-income communities of color to approve neighborhood rezonings, despite community opposition and the likelihood of increased displacement pressure on existing residents?
A Cleveland neighborhood made famous as an epicenter of the foreclosure crisis works its way back to stability. Here’s how.
It's not too late for cities competing to be the next home to Amazon to raise the issue of employer-assisted workforce housing.
Banks enjoy consumer and taxpayer-funded privileges, such as deposit insurance, and not too long ago, subsidized trillion-dollar bailouts. It’s not too much to insist that they invest a fair share of those dollars back into all of our communities.
States have a deadline to submit their Opportunity Zones nominations. What factors will be weighed in the decision process, and what will federal designation mean to distressed neighborhoods?
Growth of new business is a sign of a robust economy, but New York City’s true success hinges on ensuring that all residents have access to opportunity and community resources.
Shared equity homeownership programs just had a big win.
Rising out of a practice of shareholder activism that began in the 1970s, Women Religious made the leap from monitoring their investments on Wall Street to becoming pioneers in investing directly in the communities and social justice causes for which they cared.
Twenty years later, it’s hard to overstate how wise I think that group of board members was in imposing its residency requirement on me. While initially skeptical, over the years I’ve learned some powerful lessons about the benefits of proximity.