Tag: Economic Development

Can We Ditch Tax Incentives and Support True Economic Development?

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 Paradox of Prevailing Wage

The complicated relationship between the Davis-Bacon Act, Black construction workers, and Black-owned construction businesses in Boston.

Who Will Benefit From Opportunity Zones? It’s Still Unclear

Who will benefit most from these investments remains the biggest question.

Shelter Shorts, The Week in Community Development—Aug. 3

Addressing Hunger on Campus | Redesigning the Homeless Shelter | Holding Landlords Accountable | NYC Says No To Uber & Lyft | Protecting Voucher Holders | More...

Shelter Shorts, The Week in Community Development—June 22

U.S. Increases Numbers of Families in Crisis | Hooray-Lots of People Have (Low Wage) Jobs! | Arts + Public Health | Seattle Caves to Corporate Interests | Converting Motels Into Supportive Housing

Measuring the Right Things: “Mobility from Poverty” Is More than Finances

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?

Panacea or Problem? The Possibilities in Opportunity Zones

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.

New York City Needs to Stop Negotiating Rezonings From an Uneven...

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?

CRA “Reform” Under Trump Threatens Communities of Color and the 99...

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.

The Important Deadline Coming Up for All Governors

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?

The Displacement Crisis of Immigrant-Owned Small Businesses

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.

Duty to Serve: A Boon for Shared Equity Homeownership

Shared equity homeownership programs just had a big win.

Nun Funds: The Original Impact Investors

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.

Would Trump’s CRA Reform Really “Do No Harm?”

NCRC examined every single Community Reinvestment Act evaluation for mid-size banks conducted during 2016.

Persistently Poor Regions Would Welcome a Little Gentrification

It is often said that you get what you pay for. Clearly, too little is being paid to create positive change in America’s most vulnerable places.

In Detroit, the Fight for Community Benefits Begins Anew

For equitable development activists, Detroit’s Community Benefits Ordinance may seem like major progress. And it is—just not how they may imagine it to be.

A Partner, Not an Expert

Over the course of three decades in the development finance industry, I have learned that engaging and empowering those who have the greatest stake in their communities is the best way to achieve meaningful and lasting change.

Defending DACA Is a Moral and Economic Imperative

President Donald Trump has decided to end the Obama-era program that grants work permits to undocumented immigrants. Over the course of its five-year history,...

Entrenched Poverty, Juxtaposed Against Occasional Pockets of Progress

Recently, more than 150 people from across the nation rolled along the backroads of the iconic Mississippi Delta, peering through bus windows at scene after scene of entrenched poverty juxtaposed against occasional pockets of progress that had been achieved against seemingly insurmountable odds. While there were signs of advancement, they were set against the backdrop of conditions that disproportionately plague these places—substandard housing, underperforming schools, inadequate access to quality health care, and limited private and philanthropic investment. 

The Hidden Threat of Tax Cuts to Equitable Economic Development

Although the Trump administration’s recent budget proposal offers only a look at expenses, with no numbers on revenue, it...