Faced with the destabilizing impact of a global economic crisis (such as the recent Covid-19 economic shutdown), local governments and their partners often turn to a standard set of policy interventions to stabilize low- income and middle neighborhoods. While governments and philanthropy spend billions of dollars each year on tools such as code enforcement, vacant … Continue reading The Power to Stabilize Neighborhoods: Research on the Impact of Policy Interventions on Low-Income and Middle Neighborhoods After a Macroeconomic Shock: A Post-2008 Literature Review
Guiding efforts to stabilize and improve neighborhoods for existing residents requires a multi-pronged approach that is designed and implemented in partnership with residents. May 8 is working with cities, towns and rural counties to nourish and guide neighborhoods that have been hit by major macroeconomic shocks while proactively avoiding resident displacement.
Achieving Durable Mixed Income Communities Through Affordable Housing Preservation The latest What Works Volume features an essay by Karen Black along with Michael Norton and Jacob Rosch from Reinvestment Fund about how to create mixed-income neighborhoods through affordable housing preservation. This case study highlights the viability of context-specific strategies, including a mix of public and … Continue reading What Works to Promote Inclusive, Equitable Mixed-Income Communities
In this study, May 8 Consulting and Reinvestment Fund set out to understand how the rehabilitation of 1,100 affordable housing units in 760 single-family houses or duplexes from 1989 to 2013, has impacted the West Philadelphia neighborhoods in which they are located. It compared the scattered site approach to developments that produced a similar number … Continue reading West Philadelphia Scattered Site Model: An Affordable Housing Impact Study
Preventing Investor Ownership from Causing Neighborhood Decline This report by May 8 Consulting and PolicyLink examines the issue of investor purchasing of foreclosed and distressed properties, presents a set of best practices and promising approaches being used in communities to prevent irresponsible investor ownership from leading to neighborhood decline, and makes recommendations about what stakeholders … Continue reading When Investors Buy Up the Neighborhood
May 8 helps to bring information to municipalities and states on successful foreclosure recovery strategies. Communities across the country are facing the negative impact of the foreclosure crisis as vacant properties increase and property values plummet. This PolicyLink report, Reclaiming Foreclosed Properties for Community Benefit, highlights promising practices that are already underway for localities looking to stabilize … Continue reading Reclaiming Foreclosed Properties for Community Benefit