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Bank:Federal Reserve Bank of San Francisco  Series:Community Development Innovation Review 

Journal Article
A vision for the future of rural developmental venture capital

The era of recruiting smokestack industries and getting deep subsidies from the federal government to revitalize local economies is over. The economic future of struggling economies across the country will come from those communities themselves, based on local assets, local ideas, and driven by local entrepreneurs. To spark this growth, rural communities will need community development venture capital (CDVC) to help bring them back into the economic mainstream.
Community Development Innovation Review , Issue 3 , Pages 29-35

Journal Article
Partners in Progress Case Study: Neighborhood Housing Services of South Florida

Neighborhood Housing Services of South Florida (NHSSF) proved the cross-silo approach in an especially compelling way: Its work in the 79th Street Corridor did not conform to any generally recognized neighborhood but instead spanned portions of five jurisdictions between two separate cities, Miami and Hialeah. Through patient engagement with justifiably skeptical, long-neglected residents of the corridor, and with all the different officials, NHSSF is on its way to bringing jobs, affordable housing, small-business services, and perhaps most importantly, a sense of hope and buy-in to the ...
Community Development Innovation Review , Issue 1 , Pages 143-152

Journal Article
Moving Upstream to Promote Mental Health: The Role of Community Development

Community Development Innovation Review , Issue 1 , Pages 05-12

Journal Article
Pay for Success is not a panacea

Our society needs Pay for Success (PFS) schemes to work. We are spending too much on social programs that do not generate results, too much on high-cost treatments, and not enough on lower cost and more humane prevention. Amid our deteriorating fiscal state, we must figure out how to do more with less. No wonder a growing array of academics, financial intermediaries, consultants, government officials, and New York Times commentators are extolling "The Promise of Social Impact Bonds," an intriguing new variant of the PFS approach. Yet I?m hesitant to jump on the bandwagon, in part because ...
Community Development Innovation Review , Issue 01 , Pages 013-018

Journal Article
Confronting the “second wave of the tsunami”: stabilizing communities in the wake of foreclosures

In July 2008, the Federal Reserve Bank of San Francisco convened a symposium in Los Angeles on the topic of stabilizing communities in the wake of foreclosures. The goal of the conference was to identify strategies that could help to mitigate the negative spillover effects of foreclosures on families and neighborhoods.
Community Development Innovation Review , Issue 1 , Pages 01-06

Journal Article
Mental Health, Climate Change, and Community Development: Strengthening Core Capabilities to Promote Community Resilience

Community Development Innovation Review , Issue 1 , Pages 69-80

Journal Article
Rikers Island: the first Social Impact Bond in the United States

In August 2012, Goldman Sachs Bank?s Urban Investment Group (UIG) announced the first social impact bond (SIB) in the United States, a $9.6 million loan it would make to support the delivery of therapeutic services to 16- to 18-year-olds incarcerated on Rikers Island. The loan will be repaid based on the actual and projected cost savings realized by the New York City Department of Correction as a result of the expected decrease in recidivism. This unique public-private partnership between the City of New York, MDRC, the Osborne Association, Bloomberg Philanthropies, and Goldman Sachs ...
Community Development Innovation Review , Issue 01 , Pages 097-101

Journal Article
Coming out as a human capitalist: community development at the nexus of people and place

Recent research is making the case that the communities we live in can help or harm us at every level?physically, socially, emotionally. These effects can stay with us for the rest of our lives. There is a revolution in knowledge afoot that demonstrates convincingly that investing in people, especially in children, is every bit as important as investing in markets and buildings. It is important for the community development field to take this on board and, it is potentially transformative for our strategies and programs.
Community Development Innovation Review , Issue 3 , Pages 047-065

Journal Article
Pay for Success: opportunities and risks for nonprofits

Across the United States, a variety of social sector stakeholders are looking to ?pay for success? (also known as pay for results or pay for outcomes) approaches to enhance the reach and impact of social programs. As a contribution to this national conversation, McKinsey & Company recently published a comprehensive study on the potential for social impact bonds (SIBs) in the U.S. In discussions of the study?s findings, stakeholders repeatedly stressed that nonprofits are likely to continue providing the majority of social services in the U.S. for some time, even if for-profit or hybrid social ...
Community Development Innovation Review , Issue 01 , Pages 079-084

Journal Article
Understanding Middle Market Neighborhoods as Vital Parts of Regional Economies

Both the regional growth and neighborhood development fields are focusing on how the component parts of the regional economic geography?particularly its neighborhoods?define, participate in and contribute to regional economic performance, and vice-versa. In the long run, neighborhoods and their regions thrive or fail together. This chapter describes the connection between neighborhood and regional economic growth and proposes ?neighborhood business plans? as a method of undertaking neighborhood development aligned with and contributing to regional growth in today?s economy.
Community Development Innovation Review , Issue 01 , Pages 127-140

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Choi, Laura 5 items

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