Community Economic Development Conspectus Valuable Tool for Advocates, Lawyers, and Policymakers
Journal of Affordable Housing & Community Development Law, Vol. 21, 2012
25 Pages Posted: 18 Dec 2012
Date Written: 2012
Community economic development (CED) has evolved from a simple idea in the early 1900s to an economic movement that has helped to revitalize disadvantaged communities across the United States. CED has become a vital sector, complete with a multifaceted network of advocates, lawyers, policymakers, finance professionals, and other key players. Building Healthy Communities: A Guide to Community Economic Development for Advocates, Lawyers, and Policymakers, edited by Roger A. Clay Jr. and Susan R. Jones, is a tremendous resource for professionals interested in learning more about the macro- and microfacets of CED. This guide examines the past, present, and future of the CED movement and provides strategies for success within today’s global economy. Expert authors address the issues, obstacles, and strategies of CED and cover nonprofits, the importance of individual and community assets, CED in today’s global economy, and environmental considerations.
In the foreword, James H. Carr offers an appropriate framework by reflecting on the hefty question: Why is CED important in the modern day and age? Carr begins by laying out a brief history and much-debated causes of the recent subprime mortgage and economic crises. He continues by describing the impact of these crises on the mental and physical health of families, especially children. Moving past the crises, Carr discusses possible solutions and strategies that may be used to move the CED agenda forward, including taking decisive action, rebuilding the communities most harmed by the recession, focusing on financial regulatory reform, reforming housing policies, and enforcing the Fair Housing Act. Carr reminds us that changes within our communities and CED should not simply be left up to government, and that CED efforts should take priority to help resolve our current period of economic instability.
Keywords: Community Economic Development, Small Business, Nonprofit, Tax Regulation, Social Capital
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