Exciting Park Development in Ward Eight
May 30, 2016 10:03PM
Bringing transformative new investment to a neighborhood can be a community developer’s dream. A “big enough” project can have an immediate impact on the surrounding environment and build momentum for change, but often, big opportunities also carry the risk of the displacement of longtime neighborhood residents once market forces take over. In an effort to create an anchor for inclusive economic development, over the course of 2015 an Equitable Development Plan (EDP) was shaped by community stakeholders who developed 19 actionable recommendations in the areas of workforce development, small business enterprise and affordable housing. To further these efforts, Local Initiatives Support Corporation DC (LISC DC) has invested $50 million into the neighborhoods surrounding the future Bridge Park to help foster equity and inclusiveness and to support residents living within the Bridge Park Impact Area. They will work through their nonprofit partners to provide loans, grants, equity, in-kind services and technical support which will go toward affordable housing, early childhood education, medical care, food support, arts education and other services and supports their mission to help neighborhood residents create healthy and sustainable places of choice and opportunity.
Follow developments on this project at BridgePark.org.