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Friday, January 17, 2014

The Urban Institute on the Choice Neighborhoods Program

The Urban Institute has posted Developing Choice Neighborhoods: An Early Look at Implementation in Five Sites - Interim Report on SSRN.  Here's the abstract:

The overarching goal of the Choice Neighborhoods program (Choice) is to redevelop distressed assisted housing projects and transform the neighborhoods surrounding them into mixed-income, high-opportunity places. Choice builds on lessons learned during HOPE VI, the U.S. Department of Housing and Urban Development’s (HUD’s) long-running program to replace or rehabilitate distressed public housing. It maintains the emphasis of HOPE VI on public-private partnerships and mixed financing for replacing or rehabilitating assisted housing but extends eligibility to privately owned federally subsidized developments. It requires that grantees build at least one subsidized replacement housing unit for every assisted unit demolished in the target development. It also continues the emphasis of HOPE VI on protecting tenants during the redevelopment process and heightens aspirations to give existing tenants the opportunity to live in the redeveloped project upon its completion. It differs most from HOPE VI by providing funding for projects that create synergy between renovation of the target development and revitalization efforts within the neighborhood surrounding the target development. Beyond providing funding for neighborhood investments, Choice also fosters partnerships among organizations, agencies, and institutions working throughout the neighborhood to build affordable housing, provide social services, care for and educate children and youth, ensure public safety, and revitalize the neighborhood’s commercial opportunities and infrastructure.

http://lawprofessors.typepad.com/property/2014/01/the-urban-institute-on-the-choice-neighborhoods-program.html

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