In 2015, Reinvestment Fund provided financing for California’s first Pay for Success (PFS) project. Project Welcome Home in Santa Clara, CA, will provide community-based clinical services and permanent supportive housing for up to 200 chronically homeless individuals. The program brings together the County of Santa Clara, California and Abode Services, a national leader in innovative housing services for homeless persons.Read Story
This July, longtime community members were able to move into their new homes in Mount Holly, NJ. TRF Development Partners helped craft a resolution to a conflict between the township and residents who were displaced by the demolition of 300 homes in favor of new construction, market rate housing. Central to our development plan for the Parker Green subdivision is the integration of new families with existing residents in a mixed-income community.
The community had previously filed a lawsuit that made its way to the Supreme Court docket in 2014; but the Parker Green plan and the resulting settlement agreement led to the withdrawal of the lawsuit. Construction is underway on additional units of affordable housing, which will be complete in late 2016.
Artists value the process of remaking space and help reveal the potential for recovery inherent in many urban neighborhoods. In both the redevelopment of discrete buildings and incremental renewal of large districts, they provide entrepreneurial energy to the task of preserving something old through the development of something new.
In Baltimore, Reinvestment Fund is developing a strategy to target investment in the arts to low-income communities in Central Baltimore, where it can catalyze and build on other complementary efforts. For one year, our Creative Placemaking Fellow, Rebecca Chan, was charged with the task of developing best practices for financing the arts in distressed neighborhoods in ways that build community among both new and existing residents. The following is the third in a four-part series on her work. Parts 1 and 2 spotlighted the artists and artist-driven activity that is happening in and around Baltimore, as well as the physical spaces and neighborhoods in which this activity thrives. Part 3 looks at ways in which shifts in policies and programs might help move the needle on arts-based development