Jennifer Shockley BWH DC 2011Presentation Transcript
CORE The Community Reinvestment Project Jennifer Shockley Project Manager
WHAT IS CORE?
The goal of the Community Reinvestment Project – CORE – is to turn government-owned properties into productive use to provide workforce housing for target markets such as first-time homebuyers, teachers, firefighters, and police officers.
Provide affordable housing for individuals who are essential to the economic vitality of our communities.
Help local governments generate much-needed revenue .
Simplify and streamline the process of selling government-owned properties and help to revitalize communities .
PAR created framework for the project
Local associations are point-of-contact
PAR responsible for bringing strategic partners on board
PAR responsible for public outreach and media efforts
Redevelopment Authority pilot project
2 settled listings
Strengthened existing relationships
Commitment to list additional properties
Act 47 status
City Housing Strategy
Commitments from RDA and City
CHALLENGES & SUCCESSES
Wheels of progress turn slowly…..
… very slowly
Strengthened existing partnerships and formed new relationships