Investing in Gentrification: The Eligibility of Gentrifying Neighborhoods for Federal Place-Based Economic Investment in U.S. Cities

2021 ◽  
pp. 107808742110326
Author(s):  
Noli Brazil ◽  
Amanda Portier
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Affordable Housing ◽  
Low Income ◽  
Business Development ◽  
Tax Credits ◽  
New Markets ◽  
Job Opportunities ◽  
The Relationship ◽  
Economic Improvement

Place-based policies commonly target disadvantaged neighborhoods for economic improvement, typically in the form of job opportunities, business development or affordable housing. To ensure that investment is channeled to truly distressed areas, place-based programs narrow the pool of eligible neighborhoods based on a set of socioeconomic criteria. The criteria, however, may not be targeting the places most in need. In this study, we examine the relationship between neighborhood gentrification status and 2018 eligibility for the New Markets Tax Credits, Opportunity Zones, Low Income Housing Tax Credits, and the Community Development Financial Institutions Program. We find that large percentages of gentrifying neighborhoods are eligible for each of the four programs, with many neighborhoods eligible for multiple programs. The Opportunity Zone program stands out, with the probability of eligibility nearly twice as high for gentrifying tracts than not-gentrifying tracts. We also found that the probability of eligibility increases with a greater percentage of adjacent neighborhoods experiencing gentrification.

scholarly journals Understanding Community Development Financial Institutions and their Impact in Low- and Moderate-Income Neighborhoods

2021 ◽  
Vol 15 (1) ◽  
pp. 001-152
Author(s):  
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Affordable Housing ◽  
Low Income ◽  
The United States ◽  
Research Papers ◽  
Vulnerable Communities ◽  
History Of ◽  
Community Development Financial Institutions ◽  
Community Facilities

Community Development Financial Institutions (CDFIs) are mission-driven lenders that create economic opportunity for low-income communities and individuals throughout the United States. The history of CDFIs dates back to the 1970s. There are currently over 1,100 operating as banks, credit unions, nonprofit loan funds, and venture capital funds. CDFI financing leads to the creation of jobs, affordable housing, community facilities and more. This issue of the Community Development Innovation Review is a collection of research papers designed to expand our understanding of CDFIs and their impacts in vulnerable communities across the country.

Millennial ‘YIMBYs’ and boomer ‘NIMBYs’: Generational views on housing affordability in the United States

2020 ◽  
pp. 003802612091612
Author(s):  
Max Holleran
Keyword(s):  
Baby Boomers ◽  
Affordable Housing ◽  
Low Income ◽  
Rental Housing ◽  
The United States ◽  
Housing Affordability ◽  
Single Family ◽  
Market Rate ◽  
Job Opportunities ◽  
Housing Costs

This article examines housing activism in five American cities using interviews with millennial-age housing activists, seeking more apartment development, and baby boomers who are members of neighbourhood groups that oppose growth. Many of the groups supporting growth have banded together under the banner of the ‘Yes in My Backyard’ (YIMBY) movement which seeks fewer zoning laws and pushes for market-rate rental housing. In desirable cities with thriving job opportunities, housing costs are pricing out not only low-income renters but also the middle class. The millennial activists sampled blame baby boomers for the lack of affordable housing because of resistance to higher density construction in neighbourhoods with single-family homes (characterising these people as having a ‘Not in My Backyard’ [NIMBY] mindset). The research shows that boomers and millennials not only disagree over urban growth but also more fundamental questions of what makes a liveable city.

scholarly journals A Study on Consumer Perception towards Affordable Housing Loans

2018 ◽  
Vol 7 (2) ◽  
pp. 41-46
Author(s):  
Sachin Warade ◽  
Shubhangi Walvekar
Keyword(s):  
Financial Institutions ◽  
Affordable Housing ◽  
Low Income ◽  
Income Group ◽  
Customer Behavior ◽  
Housing Finance ◽  
Consumer Perception ◽  
Financing System ◽  
Customer Perception ◽  
Gross Income

This paper is an attempt to reviews literature on customer perception for affordable housing finance. While it is evident that India has a huge shortage of affordable houses it also needs the proper financing system for the home loan customers in lower level income group. People who are in the category of annual gross income up to 5 lakhs per annually are considered as low income group customers in housing loan industry. There is a severe need of funding to this income group when it comes to build their own shelter. Even though many private and government financial institutions have come up with schemes financing the need of low income group; it is always a challenging task for them to understand what customers from this income group are perceived about their home loan need. Very few evidences exist in present literature talking about the customer perception and customer behavior in this category of housing loans. Hence; this paper is focused to find out customers perception and its impact on their interest to purchase affordable housing loan.

Affirmatively Furthering Community Development

2018 ◽  
Author(s):  
Edward G. Goetz
Keyword(s):  
Community Development ◽  
Affordable Housing ◽  
Low Income ◽  
The Political ◽  
Racial Justice ◽  
Disadvantaged Communities ◽  
Policy Alternative ◽  
Political Dynamics ◽  
Communities Of Color ◽  
Counter Argument

This chapter presents a counter-argument to the integration imperative. The chapter offers critiques of the integration argument and presents an argument in favour of affordable housing and community development in low-income communities of color. The chapter articulates how integration falls short in altering the political dynamics and structural inequalities of race. In contrast, community development is presented as a policy alternative that provides benefits to disadvantaged communities (in terms of better housing and jobs, for example) and constitutes a better alternative for addressing more fundamental questions of racial justice.

scholarly journals Does the CDFI Fund Help Low-Income Borrowers?

2014 ◽  
pp. 1-4
Author(s):  
Kristle Romero Cortés
Keyword(s):  
Community Development ◽  
Financial Institutions ◽  
Low Income ◽  
The Us ◽  
Community Development Financial Institutions ◽  
Grant Money

The Treasury Department's CDFI Fund awards grants to community development financial institutions (CDFIs) that operate in low-income areas. Awards are intended to strengthen the institutions and increase the amount they lend to borrowers in those areas. This analysis of propriety data from the US Treasury shows that when CDFIs receive grant money, they put it to use as additional loans in impoverished and economically weak areas.

scholarly journals Affordable Rental Housing and Older Adults: A Case Study for Community Development Initiatives

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 708-708
Author(s):  
Muhammad Qureshi ◽  
Atiya Mahmood ◽  
Ghazaleh Akbarnejad ◽  
Rahil Adeli ◽  
Dana Sharon
Keyword(s):  
Older Adults ◽  
Community Development ◽  
Affordable Housing ◽  
Low Income ◽  
Social Engagement ◽  
Community Gardens ◽  
Rental Housing ◽  
Social Events ◽  
Development Initiatives ◽  
The Right

Abstract Older adults living in rental housing with limited income are at-risk for experiencing life-course disruptions, including social isolation, loneliness and homelessness. To address these needs, one Vancouver-based affordable housing provider for older adults has implemented community development initiatives (CDIs), including resident-led community gardens, workshops, and social events. Based on data from three focus groups, resulting in a total of fifteen participants, this study explored the efficacy of five different CDIs in supporting residents’ social connection and sense of community. Findings revealed that CDIs contribute to increased social engagement and inclusion of older adults living in affordable rental housing. In particular, resident-led community gardens were identified as the most impactful CDI in supporting both social engagement and inclusion, with the added benefit of addressing resident’s food insecurity. We discuss how CDIs can be implemented in various housing settings for low-income older adults as an effective method of supporting aging-in-the-right place. Part of a symposium sponsored by the Environmental Gerontology Interest Group.

scholarly journals MODEL OF BUSINESS ACTIVITIESS OF MICROFINANCE INSTITUTIONS IN INDONESIA

2017 ◽  
Vol 2 (2) ◽  
pp. 326
Author(s):  
Etty Mulyati ◽  
Kartikasari Kartikasari ◽  
Rai Mantili ◽  
Nun Harrieti
Keyword(s):  
Financial Institutions ◽  
Low Income ◽  
Financial Services ◽  
Limited Liability ◽  
Business Development ◽  
Community Empowerment ◽  
Microfinance Institutions ◽  
For Profit ◽  
Consulting Services ◽  
Purpose Of Business

Micro Finance Institutions (LKM) as non-bank financial institutions, are growing very rapidly in Indonesia. A very large number and scope of business in villages/sub-districts and sub-districts or districts can play a role in an inclusive financial program. The existence of LKM operation much help expand employment and improve the welfare and improving the economy and productivity of the people, especially low-income communities. The problem is how to model the business activities of LKM in Indonesia. This research will use normative juridical approach method, with analytical descriptive research specification. In an effort to provide financial services, which are intended for low-income communities and do not have access to bank financial institutions. LKM can bridge the problems of micro business access to capital is needed in business development. LKM has a different character with the other financial sector businesses, because it is not solely intended for profit. LKM business activities can be done in a conventional or sharia, includes loan/financing for micro enterprises for capital needs in business development, and management of deposits in an effort to bring awareness to the community's fond of saving, besides that LKM also provide consulting services for the purpose of business development community empowerment. To provide legal certainty for the LKM service user community, LKM institutions are regulated in LKM Laws, according to the law the LKM must be a legal entity of the Cooperative or Limited Liability Company Fostering, regulating, and supervising and licensing of LKM is performed by the Financial Services Authority (OJK). 

scholarly journals Subsidized housing and school segregation: Examining the relationship between federally subsidized affordable housing and racial and economic isolation in schools

2020 ◽  
Vol 28 ◽  
pp. 169
Author(s):  
Jennifer Jellison Holme ◽  
Erica Frankenberg ◽  
Joanna Sanchez ◽  
Kendra Taylor ◽  
Sarah De La Garza ◽  
...  
Keyword(s):  
Public Housing ◽  
Affordable Housing ◽  
Low Income ◽  
School Attendance ◽  
Subsidized Housing ◽  
School Segregation ◽  
Racial Isolation ◽  
Housing Developments ◽  
Low Income Families ◽  
The Relationship

Each year, the federal government provides billions of dollars in support for low-income families in their acquisition of housing. In this analysis, we examine how several of these subsidized housing programs, public housing and Low Income Housing Tax Credit (LIHTC) financed housing, relate to patterns of school segregation for children. We use GIS to examine the location of subsidized housing vis-à-vis district boundaries and school attendance boundaries in four Texas counties. We then examine patterns of segregation between schools with and without subsidized housing in their attendance zones, as well as the extent of economic and racial isolation experienced by students in those schools. Our results illustrate that public housing and LIHTC housing developments are zoned to racially and economically isolated schools, and that developments are associated with especially high levels of economic and racial isolation for Black and Latinx students. We conclude by discussing implications for housing and education policy to ameliorate these patterns. 

scholarly journals PELAKSANAAN PROGRAM PENGEMBANGAN MASYARAKAT OLEH PT PERTAMINA DI DESA PANGKALAN BABAT, KECAMATAN RAMBANG DANGKU, MUARA ENIM DI SUMATERA SELATAN

2020 ◽  
Vol 6 (3) ◽  
pp. 202
Author(s):  
Ade Irma Sakina ◽  
Nur Aftina ◽  
Santoso Tri Raharjo ◽  
Risna Resnawaty
Keyword(s):  
Economic Development ◽  
Corporate Social Responsibility ◽  
Community Development ◽  
Literature Review ◽  
Social Responsibility ◽  
Energy Company ◽  
Corporate Commitment ◽  
Corporate Social ◽  
The Relationship ◽  
Economic Improvement

ABSTRAK Corporate Social Responsibility (CSR) pada peningkatan ekonomi yang berkelanjutan sebagai bentuk komitmen perusahaan, bahwa adalah komitmen perusahaan atau dunia bisnis untuk berkontribusi dalam pengembangan ekonomi yang berkelanjutan dengan memperhatikan tanggung jawab sosial perusahaan dan menitikberatkan pada keseimbangan antara perhatian terhadap aspek ekonomis, sosial, dan lingkungan. Seperti PT.PERTAMINA yang melaksanakan CSR di Desa Pangkalan Babat, Kecamatan Rambang Dangku, Muara Enim Di Sumatera Selatan. Perusahaan energi tersebut melaksanakan program CSR pada bidang pengembangan masyarakat. Artikel ini menggunakan kajian metode penelitian menggunakan kajian pustaka dan hasilnya menunjukkan bagaimana hubungan antara program CSR PT PERTAMINA tersebut dengan konsep CSR dan pengembangan masyarakat. Corporate Social Responsibility (CSR) on economic improvement supported by corporate commitment, corporate or world commitment to contributions in economic development supported by corporate social responsibility and emphasizes balance in relation to assistance to the economic, social and environmental sectors. Such as PT. PERTAMINA which implemented CSR in Pangkalan Babat Village, Rambang Dangku District, Muara Enim in South Sumatra. The energy company is implementing CSR programs in the field of community development. This article uses a study of research methods using a literature review and research results regarding the relationship between PT PERTAMINA's CSR program and the concept of CSR and community development.

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