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

Submitted by Garrett ODwyer on Thu, 12/15/2011 - 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 more than $140 million in new resources for affordable housing and neighborhood economic development efforts.

  • The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.

  • The CDC Tax Credit Program has fostered 30 partnerships between businesses and CDCs that is providing $30 million in new funding to support neighborhood economic development.

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

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