IBTN9 USA: Capital Impact Partners Expands Program to Increase Number of Minority Developers in Washington, D.C. Metropolitan Area

IBTN9 USA, November 19, 2019: Capital Impact Partners Expands Program to Increase Number of Minority Developers in Washington, D.C. Metropolitan Area

According to a study by the National Community Reinvestment Coalition, about 40% of the District’s lower-income neighborhoods experienced gentrification between 2000 and 2013, giving the city the greatest “intensity of gentrification” of any in the country. The District also saw the most African-American residents — more than 20,000 — displaced from their neighborhoods during that time, mostly by affluent, white newcomers, researchers said.

In addition to its EDI program, Capital Impact is also working to reverse this trend by serving as the manager of the D.C. Affordable Housing Preservation Fund (AHPF), initiated by Mayor Muriel Bowser. To date, financing to projects through the fund have helped preserve more than 1,000 affordable homes in D.C.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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