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

Journal Article
Financing rural innovation with community development venture capital: models, options and obstacles

Growing local companies is essential to the economic prosperity for many rural regions and residents. Rural economies, however, rarely attract traditional venture capital. Given the important role that patient capital plays in entrepreneurial development, the future economic vitality of rural communities rests, at least in part, on their ability to access such capital. Community development venture capital (CDVC) is a particularly adept model for overcoming the structural obstacles that rural geographies present for venture capital investors. Rubin explores some of the obstacles this model ...
Community Development Innovation Review , Issue 3 , Pages 15-27

Journal Article
The ethics of Pay for Success

Every application of Pay for Success (PFS) financing (e.g., recidivism, health care utilization, special education) must meet clear, measurable goals to obtain ?payout? funding. Much of this journal focuses on how to structure contracts to achieve these goals. But larger questions remain. What is the ethical framework for choosing specific goals or setting programmatic priorities? How is one metric of success chosen over others? Insofar as the PFS interventions considered in this issue are presumed to be meeting societal goals, it is necessary to prioritize projects according to the ...
Community Development Innovation Review , Issue 01 , Pages 041-046

Journal Article
Rethinking tenure: building a diverse landscape of affordable housing options

In this article, we describe the experiences of three regional nonprofit housing organizations?the Housing Development Fund (HDF) in Connecticut, Project for Pride in Living (PPL) in Minnesota, and the Atlanta Neighborhood Development Partnership (ANDP) in Georgia?that have amassed a broad base of experience in redeveloping single-family housing. Their experiences demonstrate a range of promising solutions for meeting different market needs and for managing small properties in ways that support neighborhood stabilization goals.
Community Development Innovation Review , Issue 02 , Pages 43-51

Journal Article
Impact with punch: the perfect is the enemy of the good

Community Development Innovation Review , Issue 01 , Pages 55-56

Journal Article
Reflecting on What Works: Disruptive Leaders Are Essential

Each time Purpose Built Communities (PBC) is invited to work in a new city, it refines its approach in order to make swift progress toward improving the lives of the millions of Americans living in concentrated, chronic poverty. In the past five years, PBC has learned several lessons about the role of the community quarterback, which has strengthened its collective ability to contribute to healthier, more resilient neighborhoods. In addition to a willingness to be disruptive, coordinating organizations must set clear boundaries with other change agents, include the voices of people who live ...
Community Development Innovation Review , Issue 1 , Pages 015-020

Journal Article
Preservation in Middle Neighborhoods: Promising Results in Ohio

Historic preservation is about recognizing and valuing what was created in the past. It offers a lens for recognizing the value of neighborhoods and telling the stories of the people who have shaped and continue to shape them. This chapter articulates the case for a community-oriented preservation model that supports long-time residents, creates pathways for newcomers, and strengthens neighborhoods for all.
Community Development Innovation Review , Issue 01 , Pages 157-176

Journal Article
Partners in Progress Case Study: CASA

CASA mobilized thousands of residents of Langley Park, MD, to engage with regional planners of the Purple Line, the planned 16-mile light-rail line, to minimize its potential to displace low-income families or small, immigrant-owned businesses and to ensure that its benefits will be equitably distributed.
Community Development Innovation Review , Issue 1 , Pages 109-116

Journal Article
A role for the Feds? the opportunities and challenges in a federal government role in measuring and defining social impact in the impact investing field

Community Development Innovation Review , Issue 01 , Pages 69-72

Journal Article
Scaling social enterprises: flexible responses for neighborhood stabilization

Social enterprise models have been critical in the recent crisis because resources are few, the need is great, and the challenges are new. Since 2007, the market has changed rapidly and frequently. Significant federal policy response did not arrive until 2009; and in 2013, public stimulus has largely been exhausted even as foreclosures continue to affect millions. In this changing market context, social enterprises have the advantage of an inherently responsive and flexible approach to creating social impact through a self-sustaining, or at least highly efficient, business platform.
Community Development Innovation Review , Issue 02 , Pages 29-41

Journal Article
By the numbers: Data and measurement in community economic development

In a speech to the Greenlining Institute, Federal Reserve Board Chairman Ben S. Bernanke speaks to the need for developing and analyzing social and economic data at the local level to do the following: uncover new investment opportunities; provide transparency and promote good governance and sound public policies; and promote independent policy research.
Community Development Innovation Review , Issue 2 , Pages 01-07

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Choi, Laura 5 items

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