DHCD Issues Community Development Framework
Tuesday Feb 26th, 2019
DHCD has issued a comprehensive Community Development Framework highlighting its overall strategy and plan for Baltimore neighborhoods. The Framework articulates key strategic approaches for launching a new era of neighborhood investment. The goal is for this plan to lead transformative change.
The Framework is aspirational in nature, yet intentional in direction. It is DHCD's plan of action and it involves everyone – residents, community groups, philanthropic institutions, nonprofits, state leaders, and private-sector investors.
Significant new resources have been devoted to implementing the strategy. These include the new Neighborhood Impact Investment Fund, a revolving source of funds capitalized with an initial City investment of $52 million; the Community Catalyst Grants to support and strengthen neighborhood groups that are the City's vital partners; and the Affordable Housing Trust Fund, which grows up to $20 million annually and will help address housing challenges for low-income Baltimoreans.
The Framework is a living document; outlining a vision and opening a dialogue. Four initial Impact Investment Areas are highlighted to underscore how key strategies can be impactful in specific areas of the City. DHCD is also taking a more comprehensive approach to support middle market neighborhoods, which are home to many middle-income families but also face challenges. All Baltimore neighborhoods will be supported by building assets for future redevelopment, addressing blight and improving the quality of life.
CLICK HERE to access a copy of the full report.
DHCD salutes the many partners - residents, community groups, philanthropic institutions, lenders, nonprofits, state leaders, and private-sector developers and investors - who are critically important to the success of our Agency.