This document discusses place-based poverty and promising approaches to address it. It examines how poverty is linked to place and neighborhoods, and how problems become bundled together. Three promising approaches are highlighted: (1) Turning the Tide on Poverty, which explores causes of poverty and develops community-based action plans; (2) Neighborhood identity projects, which focus on local initiatives to build neighborhood pride and trust; and (3) Neighborhood microenterprise programs that support small local businesses. These approaches aim to address multiple problems by building social ties, reducing divides, and linking communities to resources. Examples of early outcomes and impacts of these projects are also provided.