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The Performance Management Process Cycle The adoption and implementation of performance management in communitydevelopment, however, pose a unique challenge due to how these services are structured and organized.
Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope in how to address affordable housing needs and the realization of the many steps it may take to get there. Manufactured homes are a statewide feature of North Carolina – we have more than almost any other state.
Earlier this month, DFI examined how local governments in North Carolina have stepped in to make new affordable housing construction economically viable after a historic increase in construction costs and elevated interest rates. In August, the North Carolina Housing Finance Agency (NCHFA) released the latest funding awards for 2024.
These two Banks are diving into issues such as housing affordability and the rural/urban divide in the Southeastern U.S. Beyond its many financial and economic responsibilities, one of the stated key functions of the system is to promote communitydevelopment through the regional Federal Reserve Banks.
Episode 77: CRA Tips: CDCs - Your Partners in CommunityDevelopment [link] I recently walked a CRA officer through a potential loan transaction in partnership with a communitydevelopment corporation, otherwise known as a CDC. Either way, these mission based organizations are great partners in communitydevelopment.
Communitydevelopment lending is a critical tool for driving impact and building stronger communities, but it requires a deep understanding of regulatory compliance and risk management. Commercial lenders are entrenched in local communities customizing financing options to help businesses manage cash flow and operational risk.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. US Treasury revised ARPA SLFRF eligibility to allow loans for 20+ year restricted affordable housing for those earning 65% AMI or below.
Episode 65: CRA Tips: Revisiting the Fundamentals: A CommunityDevelopment Loan Primer [link] This episode will lay the foundation for communitydevelopment loans as it relates to your CRA program. Communitydevelopment loans must have a primary purpose of communitydevelopment.
Amidst a season of tragedy surrounding affordable housing during the harshest weather season of the year, Andy talks about what has caused our affordable housing crisis, the pros and cons of Accessory Dwelling Units, and some of the housing victories we have seen locally. Episode transcript available here: [link].
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
Often, city arts functions are part of the "economicdevelopment" cluster of city agencies. For example, Arts Councils probably need to add some economicdevelopment planners. Again, I think this is community building. The Drury students came up with the idea for the House of Art(s).
Communitydevelopment lending is a critical tool for driving impact and building stronger communities, but it requires a deep understanding of regulatory compliance and risk management. Commercial lenders are entrenched in local communities customizing financing options to help businesses manage cash flow and operational risk.
Episode 76: Beyond Bricks and Mortar: Rethinking CommunityDevelopment Strategy to Address Digital Inequity with Sarah Hope Marshall [link] Sarah Hope Marshall joins me here to reflect upon digital inequity in place-based community revitalization. There’s been books written about it. government material) All rights reserved.
Vacant house and lots in the Larimer neighborhood. The Pittsburgh Post-Gazette has an article, " Pittsburgh’s neighborhoods pay the price for abandoned and decrepit homes ," about how Pittsburgh's lower income neighborhoods suffer from serious housing disinvestment. Better off segments have the money to maintain aging houses.
At the White House Conference on Hunger, Nutrition and Health held last fall, a commitment was made to invest in local community and economicdevelopment to increase access to food (see page 12 of the National Strategy on Hunger, Nutrition and Health presented at the Conference).
At some point in your journey as a Community Reinvestment Act (CRA) officer, you will likely find yourself involved in a community-based public-private partnership economicdevelopment project. Pursuing these opportunities will help you grow your CRA program and expand your bank’s community reach.
Amidst a season of tragedy surrounding affordable housing during the harshest weather season of the year, Andy talks about what has caused our affordable housing crisis, the pros and cons of Accessory Dwelling Units, and some of the housing victories we have seen locally.
Community Advocate. Committed to transforming communities through the power of economicdevelopment and CRA. Listen to hear Linda describe her vision for the CRA Hub and other communitydevelopment thoughts.
Mark Pinsky shares “CDFI Friendly Cities” a fresh approach to communitydevelopment Mark Pinsky shares a few stories of his CDFI journey and will share his new CDFI Friendly Cities initiative and his deep thoughts about communitydevelopment. Get ready for a fun and meaningful listen!
Creative placemaking is the practice of enhancing a neighborhood’s quality of life through arts, culture, and intentional communitydevelopment. This practice can take many forms, like visual art installations , performance events , developing permanent brick-and-mortar spaces , and more.
By most accounts, the need for affordable housing across North Carolina is massive. According to 2019 census data, over a million North Carolina households are “cost burdened,” meaning they spend more than 30% of their income on housing. What can local governments do to address the need for more affordable housing ?
Maximize the Reporting of CommunityDevelopment Activities; 2. Maximize the Reporting of CommunityDevelopment Activities. Oftentimes, large (for CRA purposes) banks overlook transactions, such as loans and investments, that could qualify for consideration as communitydevelopment activities.
Vacant lots are often viewed as pieces within larger systems, such as urban planning or communitydevelopment, or overlooked entirely. Redefining vacant land as a system also highlights the importance of engaging stakeholders in achieving communitydevelopment goals.
CED professionals can track these efforts via broadband mapping information for both the GREAT grants program as well as a developing Broadband initative, called the Completing Access to Broadband (CAB) Program , and access and adoption information via the NC OneMap. Two of the largest projects are in Cumberland County.
Are you one of the 95 percent of banks that are underreporting communitydevelopment loans under the Community Reinvestment Act (CRA)? SHOWNOTES: CommunityDevelopment Loans Demystified with Krista Shonk, VP & Senior Counsel, Regulatory Compliance and Policy, Fair & Responsible Banking, ABA.
The effort was sparked by Park Bank, a locally focused community bank (" It shouldn't be a surprise that big banks are more comfortable dealing with large businesses | Community banking "), and its communitydevelopment corporation which was doing a lot of housing rehabilitation. NPS Photo/Stephanie Schneider.
Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. Bennett has served as the Executive Director of WVLSC since 2021. in West Virginia.
Since 2003, when I was on the board of H Street Main Street, and advocating that the group create a housing growth strategy in its retail trade area, I suggested that the RFK parking lots, especially along Benning Road, should be converted to housing and mixed use development. Other areas too.)
Competition for leisure time is stiff, and getting people to leave their houses, a challenge. how do we make this particular library or transit station or park or neighborhood "great"?); in terms of both (4) architecture and design; and (5) program/plan for what the functions within the building accomplish.
About two-thirds of the world’s population will live in cities by 2050. While cities are hubs of innovation and opportunity, the increasing pace of urbanization also exacerbates inequality, stresses infrastructure, and fuels climate change, air pollution and other environmental problems.
1) neighborhood/district/city/county wide as part of a master plan; (2) within functional elements of a master plan such as transportation, housing, or economicdevelopment; and (3) within a specific project (e.g., how do we make this particular library or transit station or park or neighborhood "great"?);
Of course, there are many more pieces on this broad topic as I was trying to figure things out. -- " The communitydevelopment approach and the revitalization of DC's H Street corridor: congruent or oppositional approaches? Park Pride, the Atlanta area friends of the parks organization, has an annual conference.
122 (2015)); loans for persons of low and moderate income to acquire housing ( In Re Denial of Approval of Bonds , 307 N.C. Multiple statutes provide authority for a local government’s affordable housing activities, as detailed in this comprehensive blog post by my colleague Tyler Mulligan. State , 368 N.C. Additionally, G.S.
Increases in housing density in the decade leading up to the study period (more units mean low-income people have a place to live even as higher-income people move into the neighborhood); and 8. The presence of community-building organizations (which can put up housing and strengthen social ties) Discussion.
The Washington Post reports on a press conference in Anacostia, the most economically lagging area in DC, where the Mayor discussed improvements in the area, in association with a new building for the Department of Housing and CommunityDevelopment, which was already there, in a not so old building (" After decades of disinvestment, D.C.’s
Note that the in Cleveland supported the development of the HealthLine, a bus rapid transit line serving a number of neighborhoods, including the University Circle district and Cleveland Clinic and the University Hospital system and Downtown. 5, signaling a new era of healthcare ," Cleveland Plain Dealer ).
Faculty concentration as talent and an element of communitydevelopment. Faculty creating a cluster, having bright children in schools, supporting community institutions, etc., Faculty creating a cluster, having bright children in schools, supporting community institutions, etc., EMU and ASL haven't had much impact.
In non-emergency situations, local government housing loans are authorized “only when the planning, construction, and financing of residential housing is not otherwise available to ‘persons and families of low income’” due to “the inability of private enterprise and investment, without assistance, to meet that need.” 29, 49, 50 (1970).
This was to encourage residential development, to strengthen the commercial district. The three areas I named were (1) RFK campus, for housing; (2) a redevelopment of Hechinger Mall; and (3) Bladensburg Road. Which likely isn't in the cards.
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