Toward a Community Vision for Equitable Economic Development
NEIGHBORHOODS, CITIE S, AND METROS REPORT Toward a Community Vision for Equitable Economic Development Leah Hendey Peter Tatian April 2016 ABOUT THE URBAN INSTITUTE The nonprofit Urban Institute is dedicated to elevating the debate on social and economic policy. For nearly five decades, Urban scholars have conducted research and offered evidence-based solutions that improve lives and strengthen communities across a rapidly urbanizing world. Their objective research helps expand opportunities for all, reduce hardship among the most vulnerable, and strengthen the effectiveness of the public sector. ABOUT CITY FIRST The City First Foundation serves as the nonprofit outreach and educational division of City First, representing the collective mission of all the City First companies. The Foundation promotes broader knowledge, participation and collaboration in the community development eco-system, particularly in Washington, DC. City First Bank of DC is a different kind of bank; one founded out of activism and advocacy. Since its founding in 1998, City First has deployed over $1 billion of capital throughout Washington, DC and its surrounding suburban and urban jurisdictions that have built affordable housing, health care centers, charter schools, performing arts centers, supported small businesses, eradicated food deserts by opening grocery stores, assisted nonprofits and social services with serving more people, and helped to revitalize the District’s great commercial corridors. Copyright © April 2016. Urban Institute. Permission is granted for reproduction of this file, with attribution to the Urban Institute. Cover image by Tim Meko. Contents Acknowledgments iv Executive Summary v Toward a Community Vision for Equitable Economic Development 1 Jobs, Jobs, Jobs 4 Entrepreneurship and Commercial Development 7 Housing 12 Resident and Community Engagement 16 Unifying Vision 19 Notes 23 References 25 About the Authors 26 Statement of Independence 27 Acknowledgments This brief was funded by the City First Foundation.
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