Community Development Digest


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Wall Street Discovers Suburbia – And Decides to Take Over

During the financial crisis, investment firms switched their focus from large apartment buildings, offices spaces, and shopping centers to newly discounted homes, which they began buying, flipping, and renting for more than locals were used to.

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Women's Foundation Succeeds by Building Partnerships

Memphis HOPE, launched in 2004, is a partnership between the WFGM, the city of Memphis, the Memphis Housing Authority, and the city’s Office of Housing and Community Development, and is part of HUD's HOPE VI program.

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Unique Revitalization: A New Face for an Old Broad

Building on the momentum of a series of events aimed at "reactivating" public spaces, the Historic Broad Business Association and the Binghampton Development Corporation intend to use the arts to spark neighborhood change and community redevelopment in Memphis, TN. Recent beneficiaries o...

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Massive Airport Area Redevelopment Project Planned for Memphis

The so-called "Airport City" includes approximately 12,000 acres of underused land and blight that city officials have long wanted to redevelop.

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Tennessee Needs $38 Billion for Infrastructure

Transportation and utilities take up the largest share of the state's need, with more than $19 billion required for projects.

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Memphis Uses Bloomberg Grant to Eliminate Blight

The city of Memphis is moving to eliminate blight, aid businesses and attract retail firms in three neighborhoods with different economic conditions. Memphis financed the effort through Bloomberg Philanthropies' Innovation Delivery Teams initiative, which awarded the city $5 million to solve challe...

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Tennessee Launches Website Showing CDBG Spending

Tennessee's Department of Economic and Community Development (DECD) launches a website showing where CDBG money is being spent, as well as spending in two other state programs. In addition to the CDBG program, the website contains information about the state's FastTrack Program which allows commun...

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Consortium Forms to Boost Broadband Use in Rural Areas

A consortium of higher-education associations, public interest groups, and high-tech companies forms the Advanced Internet Regions (AIR.U) to upgrade broadband Internet access to underserved universities and their communities. The effort will begin with pilot Super Wi-Fi network projects in several...

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House Boosts Funding for Appalachian Regional Commission

The House passes a FY 2013 Energy & Water Development appropriations bill increasing funding for the Appalachian Regional Commission (ARC), while keeping current funding levels for  the Delta Regional Authority (DRA) and the Denali Commission. The groups are federal-state regional partnerships ...

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TN Tax Credit Program Eases Pain of Federal Cuts

Knoxville, TN community development officials say a law providing tax credits to banks investing in affordable housing has helped them ease the pain of federal cuts in the Community Development Block Grant and HOME Investment Partnerships programs. Becky Wade, director of the city's Community Devel...

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