Author: Bruce Katz, Ross Baird
Published: October 27, 2019
Workstream: Housing, Place
Media format: Report
The United States is undergoing a quiet revolution in revitalizing distressed urban communities, where poverty, low social mobility, and wealth disparities persist. The private sector has often ignored the potential of these communities, contributing to income inequality.
However, in recent years, a new approach—"Community Wealth"—has emerged, representing a shift toward more effective, inclusive private capital investment in underserved neighborhoods.