HOPE VI & Mixed-Finance Redevelopment

Report finds that HOPE VI funds can attract new investment into places where the market was previously absent, creating more viable economically-integrated neighborhoods with access to jobs and services.
September 13, 2005, 2pm PDT | Abhijeet Chavan
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Beyond improving housing itself, HOPE VI, the federal mixed-income public housing redevelopment program, can also jumpstart wholesale neighborhood improvements, a new report shows. Using four case studies, authors Valerie Piper and Mindy Turbov demonstrate that HOPE VI, when used strategically, reduces concentrated poverty, improves neighborhood schools, and counteracts many policy mistakes of the past, such as siting low-income housing tax credit projects in already extremely poor neighborhoods.

Thanks to Katy Hight

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Published on Tuesday, September 13, 2005 in The Brookings Institution - Metropolitan Policy Program
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