Presenter: Mary Keefe, Executive Director, Hope Community, Minneapolis, Minn.
Session participants took a journey with Mary Keefe from Hope Community, a place-based CDC, as a devastated neighborhood was revitalized using novel approaches. Participants were enlightened with the elements of the story—the plan, the opportunity fund, overall project funding, community engagement strategy and funding, stabilization of older property, and the role of asset management. Keefe described interrelated aspects of these different elements, as well as the impact of growth and increasing visibility.
Hope Community is located in the Phillips neighborhood about a mile from downtown Minneapolis. In the early to mid-1990s, the neighborhood had about 200,000 residents and 250 vacant homes. Businesses were leaving and the city was not interested in investing in the neighborhood. This is the point at which Hope Community decided to change its mission to community revitalization. Hope focuses on one building at a time and community engagement.
FedCommunities.org is a portal to community development resources from all 12 Federal Reserve Banks and the Federal Reserve Board of Governors.