CDFI's Approach to Community Development: Health and Education

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BACK TO THE FUTURE?

‘ APPROACH TO COMPREHENSIVE COMMUNITY DEVELOPMENT: CDFIS HEALTH & EARLY CHILDHOOD EDUCATION Methodology:

About:This project explores how CCRC, a multifamily affordable housing lender, fits into the discourse of comprehensive community development (CCD) while using the

1. Background Research: Affordable Housing

organization’s quarter century of experience in the field. This research evaluates various possiblities for expansion to determine whether the comprehensive community development model is the solution to the affordable housing and community development issues plaguing communities with low income.

Market

2. Literature Review: Urban policy reform,

What is a CDFI?A Community Development Financial Institution is a financial intermediary that delivers affordable and responsible lending in underserved communities

federal, state, local models of housing assistance 3. Meta Literature Review: Areas for possible expansion 4. Mapping: Demographics & areas of need 5. Interviews: Developers, CDFIs

to support community development and affordable housing.

What is CCD? Comprehensive Community Development is an approach that considers how different disciplines and program areas form a complex interconnected system working together to improve a community’s quality of life.

Findings:

Security

Early Childhood education

Green Building Charter School Job Training

Supportive Services

Health

Transportation

NEED RISK

Recommendations:

A.

Recommendations:

CCRC could use Policymap to determine if new developments are in areas where there is need and help

fund child care facilities in conjunction to housing. CCRC should partner with the organization in order to identify organizational gaps within First 5 LA’s existing programs.

B.

A.

CCRC to Use PolicyMap to determine if new developments are in areas where there is need and help fund

health care facilities or supermarkets in conjunction to housing.

B. CCRC to Facilitate Healthy Food Access by linking farmers markets with service providers to create

CCRC to Learn More About Obama’s Early Childhood Initiative whereby $500 million have been set aside

for new Early Head Start-Child Care Partnerships (EHS-CCP). The grants would finance programming to new child-care centers that would focus on early childhood education for children living in low-income households.

C. CCRC can underwrite loans for community centers where literacy, computer and ESL (for parents) classes

programming that will allow for people to pick up their food baskets from the manager at their convenience.

C.

Consultant: Ana Tapia

CCRC to underwrite loans for community centers where exercise, cooking and food classes can be

offered. These facilities can also be used to host farmer markets on the weekends, with the condition that

Adviser: Joan Ling Department of Urban Planning University of California, Los Angeles

that accept EBT cards to purchase fresh food.

can be offered. These facilities can also be used to host financial literacy programs.

H I S T O R Y

C O M M U N I T Y

D E V E L O P M E N T

JOHNSON'S WAR ON POVERTY

FDR'S NEW DEAL

1964 Office of Economic Opportunity: Model Cities Program & Comprehensive Community Action Program

1933 Social and economic reform: public housing replaced slum housing, led to social and racial segregation

1930

O F

1940

1950

THE HOUSING ACT OF 1949 Urban Renewal: To stop white flight, razed low-income

housing and built public housing

1960

I N

T H E

BIRTH OF CDCS 1966 Birth of Community Development Corporations: Kennedy created to do "what government could not"

1970

U N I T E D

S T A T E S

THE COMMUNITY REINVESTMENT ACT 1977 Mandates equitable bank lending practices in low-income communities in an attempt to eliminate redlining

1980 HOUSING & COMMUNITY DEV'T ACT 1974

Client: Mary Kaiser and George Vine, The California Community Reinvestment Corporation

Nixon to replace urban renewal with Community Development Block Grants

HOPE VI

NEW MARKET TAX CREDITS

1992 HUD created HOPE VI as a new type of public housing; new urbanism, ped and transit friendly, place-based

2000 NMTCs are tax incentives to develop commercial, nonhousing properities in low-income communities, similar to LIHTC

1990

2000

LIHTC

CREATION CDFI FUND

1986 Congress created the Low Income Housing Tax Credits, tax incentives for affordable housing

1994 U.S. Department of the Treasury created to institutionalize CDFI services and award equity investments and technical assistance

2010


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