The Community Economic Development working group acts to build equitable, place-based community development strategies and encourage increased economic opportunities for neighborhoods.
2020 POLICY & ADVOCACY PRIORITIES:
1. Advocate for increased transparency and accountability, greater inclusion of the community development sector, and more place-based approaches for public programs such as payment in lieu of taxes (PILOT) and tax increment financing (TIF) districts.
2. Explore tools that support equitable development benefitting existing residents and local businesses, such as community benefits agreements (CBAs), community land trusts (CLTs), alternative property tax structures for affordable development, and density bonuses to incentivize greater percentages of affordable units and deeper affordability targets.
3. Support lending structures and legislative action that curb predatory lending, increase access to capital, and foster greater financial stability for residents and neighborhood-based organizations.