Tag Archives: Revitalization

Reviving Economic Activity on Former Manufacturing Sites

Brownfields can be prime locations for new advanced manufacturing and maker movement innovation. Closed factories and industrial spaces are challenging assets to redevelop, but present opportunities. Through best practices and case studies, this free webinar from the Council of Development Finance Agencies will examine how various experienced entities have brought brownfield sites back into productive use. Register now... Read more

Trail of the Month: Maryland and Washington, D.C.’s Capital Crescent Trail

Forming an emerald arc around the northern and western borders of the District of Columbia, the Capital Crescent Trail connects Washington to its Maryland suburbs. The pathway is so lushly wooded that, at times, it might be easy to forget the thrum of the nation’s capital lies just over the trees. But a glance over the shoulder while pedaling along the Potomac River provides a nice view of the iconic Washington Monument and a reminder of the city’s closeness. The... Read more

Alabama’s Revamped Historic Tax Credit Aims to Spur Growth in Smaller Cities Too

Alabama’s renewed Historic Tax Credit program caps the total amount of tax credits per year at $20 million, and no single project can receive more than $5 million. There are some differences in the newest version, and chief among them is a requirement that 40 percent of the tax credits awarded each year be reserved for counties with 175,000 or fewer people. (That excludes Jefferson, Mobile, Madison, Montgomery, Baldwin, Shelby and Tuscaloosa counties). Read more... Read more

Can Salisbury and Small Urban Enclaves Make Rural Cool?

Salisbury is staring down a core problem in rural Maryland: People are dying faster than they’re being replaced, and where they’re not the numbers are trending that way. So retaining residents and attracting new ones is vital. Because creating jobs, enticing new industries and rebuilding infrastructure matters little if there’s no one around to fill those jobs, drive on those new roads or enjoy those renovated downtowns. Cities like Salisbury — small urban anchors in Maryland’s rural areas — could... Read more

Creating a Planning Department that “Starts With Yes”

When Mayor Mike Duggan recruited Maurice Cox from New Orleans two years ago to become Detroit’s new urban planner, the city planning department had six employees and was seen as a pass-through for developers. These days, Cox is focused on demolishing barriers in Detroit’s Planning and Development Department. And he’s pursuing a redevelopment strategy in the city’s neighborhoods that reimagines vast tracts of vacant land where homes once stood. Read more... Read more

Urban Revitalization & Impact Investing White Paper

​The purpose of this white paper is to document the potential of a collaboration between impact investors and development finance agencies (DFAs) to fill the capital gaps facing cities and neighborhoods working to support urban revitalization and to accelerate DFAs as a major source of capital to grow, create jobs and spur economic and community development. Through myriad financing tools such as bonds, tax increment finance, tax credits and revolving loan funds, foundations can use impact investing as a way... Read more

Detroit Neighborhood Turns to Morocco for Arts Hub Inspiration

​In Detroit’s North End, an inclusive cultural hub is being planned to reactivate the area and celebrate its changing demographics. An underused 12-unit, mixed-use building and the grassy lot will one day be the American Riad courtyard, modeled after the traditional Moroccan home style. Beyond a community arts center, the renovation plans include six affordable housing rentals and commercial space for businesses that serve the needs of the North End, and all plains aim to preserve the North End’s history... Read more
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