Improving the outcomes of place-based initiatives
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. ; At their core, these comprehensive initiatives try to tackle long-standing disparities in housing, employment, education, and health caused by public policy decisions, market forces and failures, and patterns of discrimination. Yet overcoming these inequalities has proven to be difficult. In some cases, place-based initiatives have led to measurable improvements; in others, efforts have struggled, failing to significantly “move the needle” on the challenges associated with deeply entrenched neighborhood poverty. ; Despite these mixed-outcomes, place-based strategies are receiving increased attention and funding from both the public and private sector. The Obama Administration has explicitly endorsed place-based policy, and has launched an evaluation of existing federal place-based policies in an effort to identify areas of overlap and to seek avenues for interagency coordination. Additionally, the administration has budgeted for a new cohort of place-based anti-poverty programs. On a more local scale, a number of California-based foundations and CDFIs, as well as local government agencies, have also expanded investments in place-based initiatives.
Volume (Year): (2010)
Issue (Month): Spr ()
|Contact details of provider:|| Postal: |
Phone: (415) 974-2000
Fax: (415) 974-3333
Web page: http://www.frbsf.org/
More information through EDIRC
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:fip:fedfci:y:2010:i:spr:p:3-7:n:v.22no.1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diane Rosenberger)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.