Op-ed first published in The Hill on June 6, 2021. Contributed to The Hill by Ellis Carr, president and CEO of Capital Impact Partners and CEO of CDC Small Business Finance; Donald Hinkle-Brown, president and CEO of Reinvestment Fund; Joe Neri, CEO of IFF; and Daniel Nissenbaum, CEO of Low Income Investment Fund (LIIF).
What do communities need to thrive? The answer seems obvious: jobs that pay living wages, affordable housing, reliable transportation, and access to quality food, education and health care.
So why are those things so hard to come by in some communities? Because cornerstone community projects — the schools, grocery stores, health care centers, housing, and community centers that neighborhoods rely on — don’t deliver the high returns and quick turnarounds of many traditional development projects...
Read the full op-ed.