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Federal Reserve Releases Publication on Innovative Use of Data in Community Revitalization

Submitted by Garrett ODwyer on Thu, 2011-12-15 15:05

A new report released by the Board of Governors of the Federal Reserve System highlights the ways communities across the country are using data to inform policy decisions and maximize the effectiveness of scarce resources. "Putting Data to Work: Data-Driven Approaches to Strengthening Neighborhoods" shares innovative examples and case studies of communities using data, new technologies, and new partnerships to stabilize neighborhoods and jump start private investment.

The full report can be found here.

PACDC Fact

  • PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.

  • The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.

  • The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.

  • PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.

  • The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.

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