A report by the Economic Roundtable for the Los Angeles Community Redevelopment Agency analyzes the direct economic impacts of six social equity policies.
"The social equity policies of [Community Redevelopment Agency of the City of Los Angeles] are one means ofleveraging private developer investments to bring substantial financial resources intosome of the city's poorest communities. Added incrementally over the last two decades to reflect both the goals of city policy makers and enforce requirements attached to federal funds, the cumulative costs to developers and benefits to localcommunities are often unclear. This Economic Roundtable report estimates the benefits that accrue to individuals and their communities as a result of these CRA/LA social equity policies.
...Two completed projects and one planned project are analyzed in this study:
1. Hollywood Marketplace – Doolittle Theatre Complex (Sunset and Vine)
2. Renaissance Shopping Plaza (Vermont and Adams)
3. The Union Ice Facility (Wilmington)
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Read the full story: Benefits Of CRA/LA Social Equity Policies
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