Artists and cultural institutions have an important role to play in neighborhood social and economic vitality. As community developers consider how best to reimagine space they can and should look to the arts to help create place. This work, otherwise known as “creative placemaking,” is beginning to take shape across the country. The Federal Reserve Bank of San Francisco is pleased to dedicate Volume 10, Issue 2 of the Community Development Investment Review to this emerging work.
The worst of the housing crisis may be behind us, but the recent housing market recovery opens up a number of new community development questions. Of particular concern is the potential impact of investor purchases of single-family residences, especially in hard-hit neighborhoods that experienced severe price depreciation and offered an abundant supply of distressed property.
In this issue of Community Investments, we look into some of the reasons why we are seeing a degree of disconnection between what veterans need and the resources available to them. As we consider how the public can address these missing links, this issue’s articles provide evidence from local initiatives demonstrating effective ways for communities to recognize, support, and collaborate with veterans in the arenas of employment, housing, education, and financial stability. Many of the efforts presented here also highlight the ways in which veterans themselves are serving and supporting their fellow veterans and their broader communities.
This issue of Vantage Point synthesizes the key themes that emerged in the 2013 community indicators survey based on the responses of 289 expert stakeholders from the 12th District.
Working papers provide in-depth analysis of new community development issues from practitioners and scholars.
Housing voucher programs for low-income renters have been shown to increase family earning power and improve health. So-called housing mobility programs increase the effectiveness of housing vouchers by providing education and support to voucher holders facing barriers to mobility. This working paper proposes using a Pay for Success financing mechanism to increase investment in housing mobility programs based on the hypothesis that health care savings stemming from a positive mobility outcome—specifically related to diabetes and obesity— are sufficient to pay the entire cost of the mobility program. The authors draw on a unique dataset and use a dose-response model to produce four potential health savings scenarios that vary the expected effect timing (when health actually improves)—immediate effect, one year post-move, three years post-move, and five years post-move. Even the most conservative scenario—the five-year delayed response—generates sufficient projected health care cost savings to pay for the housing mobility program’s costs within a ten year time frame.
With 90 percent of the world’s data generated in just the past two years, What Counts: Harnessing Data for America’s Communities challenges policymakers, funders, and practitioners across sectors to seize this new opportunity to revolutionize our approaches to improve lives in low-income communities. This book from the Federal Reserve Bank of San Francisco and the Urban Institute provides a roadmap for the strategic use of data to reduce poverty, improve health, expand access to quality education, increase employment, and build stronger and more resilient communities.