Federal Reserve Bank of San Francisco

Community Development

Community Investments Vol 22, Issue 1
Improving the Outcomes of Place-Based Initiatives

Author(s): Naomi Cytron

Spring 2010

Community Investments

For more than five decades, public, private and nonprofit entities have implemented a range of targeted neighborhood revitalization strategies designed to tackle the challenges associated with concentrated poverty. These efforts have included urban renewal programs, loans and grants motivated by the Community Reinvestment Act, housing redevelopment through HOPE VI, Empowerment Zones, New Markets Tax Credit investments, as well as foundation-led comprehensive community initiatives and local nonprofit ventures. The most ambitious of these initiatives have aimed to concentrate multiple investments in both infrastructure and human capital in a single neighborhood.

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