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We Are All NIMBYs

Tuesday, September 19, 2017
In This Issue: Defending DACA Is a Moral and Economic Imperative ● CDFIs Led by People of Color Face Financial Disparities Too ● CRA at 40 We Are All NIMBYsAlso: Opportunity You Said It! ● In Case You Missed It ● Jobs ● More
The Deferred Action for Childhood Arrivals (DACA) Program is just economic common sense. DACA recipients are important economic contributors, and this program unlocks their economic potential for our country. The Institute on Tax and Economic Policy estimates that the 1.3 million young undocumented immigrants enrolled or immediately eligible for DACA contribute an estimated $2 billion a year in state and local taxes. Continuing the DACA program would generate an estimated increase in state and local revenue of $425 million, bringing their total contribution to $2.45 billion.

Repealing the temporary legal status and work authorizations permitted by DACA would reduce state and local revenues by nearly $800 million. The cost of ending DACA will be approximately of $400 billion over the span of 10 years, nationwide.

It is hard to understand the meanness of . . .
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Rick Jacobus, Street Level Urban Impact Advisors
Why *don’t* we build more housing? I find the simple answers unsatisfying. It is very easy to blame the NIMBYs, the bureaucrats, or the unions, but I don’t think we can tackle this challenge without honestly looking at the role we each play in making choices that result in less housing being built and ultimately in higher housing costs.

We have chosen, over and over, to limit and constrain development. And that has, everywhere, the predictable effect of driving up housing costs. If we built enough housing, we would still need subsidized housing for many people, but market prices would be low enough that most people could afford them. But we’ve chosen not to. And the reason we give for that choice, more than any other, is that we are trying to preserve or improve the character of our communities.

When people talk about preserving their communities, what they have traditionally talked about are issues like increasing parking, reducing traffic, and preserving open space. And it has been in the name of this kind of ‘quality of life’ that we have limited growth and predictably driven up housing costs.

If you are like me, when someone says they want to ‘preserve the character’ of a community, what you hear is . . .
Every so often, an effort is made to collect articles by leading practitioners, community organizations, and academics about the effectiveness of the Community Reinvestment Act (CRA). The last was in 2009, when the San Francisco and Boston Federal Reserve Banks published a volume about perspectives on the future of the Community Reinvestment Act.

Just a few weeks ago, Cityscape, a research and policy publication of the Department of Housing and Urban Development (HUD), published an issue devoted to CRA and its upcoming 40th anniversary this October. With a new administration planning changes to banking policy, including a review of CRA, this publication is timely.

I aimed for a careful read of the articles in the HUD volume because they cover a range of critical issues for CRA, such as whether its current implementation is effective in increasing access to credit and capital for traditionally underserved communities, what’s working well and what could be improved, and how should CRA evolve as the banking world changes? No one volume can answer all of these critical questions definitely, but this volume is a good start and road map to thinking them through carefully.
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Lenwood V. Long Sr., Carolina Small Business Development Fund
A few years ago, a significant funding opportunity came up that many community development financial institutions (CDFIs) were excited about. My staff at the Carolina Small Business Development Fund had been working to develop a plan and application for it when we were approached by staff from another CDFI who asked if we would be willing to submit a joint application, with them taking the lead. After discussing the idea further, it became clear that this CDFI wanted to add value to its funding application by drawing on our experience and credibility within communities of color, as a CDFI led by people of color, but not necessarily our skill set or expertise.

I was so disappointed. Rather than approaching this as a partnership, this CDFI assumed that we did not have the capacity to submit an application on our own and that simply adding our name to the application would increase the other CDFI’s engagement within communities of color.

Unfortunately, this was not an isolated incident. 
Call for Applications: 2018 RWJF Culture of Health Prize • Application deadline November 3 • The Robert Wood Johnson Foundation offers this annual prize to honor and elevate American communities making strides toward better health. Informational webinar available on September 20.
You Said It!

Shelterforce Magazine is on a roll! —F. Javier Torres, Director of National Grantmaking, ArtPlace America, on LinkedIn

Thank you for sharing this research. I fully appreciate the idea that redevelopment projects should be made with community benefits in mind and your suggestions for ensuring inclusivity are good ones. I only wish you wouldn’t dubb the issue environmental gentrification, potentially pitting sustainability against . . . —Wendy Fleischer, more

Character loans as you describe them for “housing related” loans, is a little deceiving given the title of the article. A true character loan would have no collateral. I’m guessing the CDFIs would have to . . . —Rod Siddons, more

I would like nothing more than to show this program on television so other communities can see that you don’t have to have millions of dollars to make positive things happen for deserving people. —Barbara P. Wiggins, more
In Case You Missed It
Project Manager (Affordable Housing)
Under the supervision of the Associate Director of Housing Development, the Project Manager performs a wide variety of tasks related to planning and developing affordable housing for TNDC. The PM coordinates and implements all activities relating to project development from feasibility . . . Read Full Listing
Vice President of Community & Economic Development
HOPE is seeking two mission-driven individuals to lead its CED work in two locations: Arkansas and the Mississippi Delta. In partnership with communities in the region and HOPE’s credit union and commercial lending teams, the VP for Community & Economic Development will craft and develop projects and programs that . . . Read Full Listing
Program Officer, Strong Local Economies
The Strong Local Economies program aims to create robust and sustainable economies that include a diversity of vibrant businesses and sectors and improved access to quality jobs for the Program’s priority populations. The Program Officer will work closely with the team on day-to-day operations, broader strategy development, and . . . Read Full Listing
Chief Operating Officer
The Center for NYC Neighborhoods seeks a Chief Operating Officer to lead the design, implementation, and operations across our diverse set of programs, including our lending affiliate, a certified CDFI. The Center strongly encourages Section 3 residents to participate in this hiring effort. Information to determine if you are . . . Read Full Listing
Executive Director
The ideal candidate for this position will be passionate about our mission of developing affordable housing and helping improve the livability of Great Falls neighborhoods. The ED will be responsible for the overall management, strategic direction, fundraising, accountability, and . . . Read Full Listing
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Featured Bloggers
Bob Annibale, Citi ● Laura Barrett, Interfaith Worker Justice ● Murtaza Baxamusa, Sol Price School of Public Policy, USC ● Michael Bodaken, National Housing Trust ● Bill Bynum, HOPE Credit Union ● Steve DubbJamaal Green, Portland State University ● John Henneberger, Texas Low Income Housing Information Service ● David Holtzman, newspaper reporter and former planner ● Josh Ishimatsu, National CAPACD ● Rick Jacobus, Street Level Advisors ● Daniel Kravetz, freelance writer ● Alan Mallach, Center for Community Progress ● Jonathan Reckford, Habitat for Humanity ● Doug Ryan, Prosperity Now ● Josh Silver, NCRC ● James Tracy, San Francisco Community Land Trust ● Eva Wingren, Baltimore Community Foundation