Community Economic Development in the United States

Beschreibung

This is the first scholarly analysis that examines the development and achievements of the American community development movement. Community development is now a multi-billion industry in the US. Hundreds of Community Development Financial Institutions (CDFIs), located in all regions of the country, have successfully forged locally-based strategies that provide affordable housing, foster business development, and provide much needed community facilities, including innumerable charter schools, in highly distressed communities in inner city neighborhoods, rural communities, and also in American Indian areas. In many areas of the US, CDFIs represent a viable alternative to the mainstream banking industry. This volume documents the positive impact the CDFI industry has had in distressed urban and rural areas in the US.
This is the first scholarly analysis that examines the development and achievements of the American community development movement. Community development is now a multi-billion industry in the US. Hundreds of Community Development Financial Institutions (CDFIs), located in all regions of the country, have successfully forged locally-based strategies that provide affordable housing, foster business development, and provide much needed community facilities, including innumerable charter schools, in highly distressed communities in inner city neighborhoods, rural communities, and also in American Indian areas. In many areas of the US, CDFIs represent a viable alternative to the mainstream banking industry. This volume documents the positive impact the CDFI industry has had in distressed urban and rural areas in the US.
Offers a groundbreaking study of the investment and lending activities of Community Development Financial Institutions (CDFIs) in contrast to both the American mainstream financial industry and other federal economic development programs Presents a chronological overview of the historical development of the American community development movement Analyzes of the contribution of the CDFI industry to creating opportunities in highly distressed communities and improving the lives of thousands of citizens

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James L. Greer

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development economic development economics institutions labor policy political economy political science politics research service social science stress urban development welfare

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“Throughout the six chapters, the authors intimately detail the significance and impact of the American community development movement to create initiatives and alternatives to the traditional resources in which the private market system cannot or does not participate. … the book is a comprehensive compendium and a valuable resource guide filled with significant substantive statistical data as well as an excellent critical analysis and evaluation of programs … . Summing Up: Recommended. Upper-division undergraduates through faculty.” (S. R. Kahn, Choice, Vol. 54 (10), June, 2017)

“Greer and Gonzales bring deep, unique expertise about CDFIs, and this book does an outstanding job of detailing CDFI origins, strategies, and roles. They make a compelling case for CDFIs at the center of community economic development for years to come. This book is straightforward, balanced, comprehensive, and full of practical information. It explains how fiscal and tax policies work together to channel resources to historically underserve and under-resourced communities, and it explains why they do not always work.” (Mark Pinsky, President & CEO (1995-2016), Opportunity Finance Network)

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