Team City First

Persistently Poor Regions Would Welcome a Little Gentrification

At a recent Opportunity Finance Network conference, a colleague expressed concern about a “paradox” facing some urban areas in the country where community development financial institutions (CDFIs) have invested. The success of CDFIs in attracting investment has transformed these once-distressed neighborhoods into communities with flourishing housing stock, strong schools, health care facilities, and a thriving market. READ MORE