Community Development Finance and Economic Justice

Chapter 4 of Legal Scholarship for the Urban Core—From the Ground Up, Rashmi Dyal-Chand and Peter Enrich, eds., (Cambridge University Press 2019) DOI:10.1017/9781108615181

28 Pages Posted: 12 Sep 2019 Last revised: 5 Mar 2020

See all articles by Peter Pitegoff

Peter Pitegoff

University of Maine School of Law

Date Written: 2019

Abstract

This chapter reflects on the history of community economic development, community development financial institutions, and their relationship with law and legal scholarship. It describes the robust use of complex legal and financial tools in community development practice today and presents Maine-based Coastal Enterprises Inc. (CEI) as a window into the evolution of the field over the last four decades. Part II traces the wider history and context of community development finance and of the dramatic expansion in tax credit financing. Part III explores the implications of this trend for sustainability and local accountability, underscoring the distinction between community organizing and community development and some distancing of community development from its activist origins. Part IV mines connections between community development practice and the legal academy, from the proliferation of law school transactional clinics to an emergent body of applied scholarship that impacts policy and strategy in community economic development.

Keywords: community development, community economic development, rural development, community lawyering, CED, community development finance

Suggested Citation

Pitegoff, Peter R., Community Development Finance and Economic Justice (2019). Chapter 4 of Legal Scholarship for the Urban Core—From the Ground Up, Rashmi Dyal-Chand and Peter Enrich, eds., (Cambridge University Press 2019) DOI:10.1017/9781108615181, Available at SSRN: https://ssrn.com/abstract=3447917

Peter R. Pitegoff (Contact Author)

University of Maine School of Law ( email )

246 Deering Avenue
Portland, ME 04102
United States
207-780-4362 (Phone)

HOME PAGE: http://mainelaw.maine.edu/faculty/profile/pitegoff-peter/

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