Stakeholders Thank Congressional and Administration Leadership for Prioritizing the Community Restoration and Revitalization Fund

Olivia BarrowOctober 29, 20210 Comments

On October 28, 2021, the White House released an updated Build Back Better Framework outlining a tentative agreement on a $1.75 trillion budget reconciliation package. The agreement included $3 billion for a new Community Restoration and Revitalization Fund (CRRF) grant program at HUD. In response, Community Development Financial Institutions (CDFIs), Main Street advocates, parks and public space organizations, affordable housing developers and stakeholders, and other mission-based entities sent a letter thanking congressional and administration leadership for prioritizing this innovative new program in the Build Back Better Framework.

October 29, 2021

Dear President Biden, Vice President Harris, Speaker Pelosi, Leader Schumer, Chair Waters, and Chair Brown:

Thank you for your tireless efforts to advance the single largest and most comprehensive investment in affordable housing in our nation’s history. Our coalition of Community Development Financial Institutions (CDFIs), Main Street advocates, parks and public space organizations, affordable housing developers and stakeholders, and other mission-based entities is tremendously appreciative of your continued prioritization of the Community Restoration and Revitalization Fund (CRRF). Your support for investments in “community-led redevelopment projects in distressed communities” as part of the Build Back Better Framework reflects a critically important recognition that neighborhoods need a holistic ecosystem of resources to thrive [see prior Community Revitalization Fund support letters sent to congressional leadership on behalf of more than 200 organizations]. We thank you for your dedication to underserved communities and ask for your continued commitment to this small but potentially transformative element of the Build Back Better Agenda.

As proposed by the Biden-Harris Administration and advanced by the House Financial Services Committee, CRRF would create a new grant program at the Department of Housing and Urban Development (HUD) to invest in community-led civic infrastructure projects in distressed communities. As community partners who have worked with urban, suburban, and rural communities for decades, we are aligned behind a common belief that robust civic infrastructure is essential to creating neighborhoods where people want to live, work, and play. That’s because civic infrastructure means the places that boost our economy, increase our economic and environmental resiliency, support our health and well-being, and strengthen our democracy: parks, trails, Main Streets, town squares, libraries, community and recreation centers, local ethnic media, early care and education programs, storefronts for local entrepreneurs, small business incubators, and more assets that together contribute to a community’s social, economic, and civic fabric.

The specific projects may vary between neighborhoods, but across the country we see immense value in the community assets that serve as the connective tissue between people and places, particularly when they are located near housing that is affordable to households across the income scale. However, we have also worked for decades with communities that have received neither adequate nor equitable investment in this critical infrastructure. In these neighborhoods, segregation and concentrated poverty continue to entrench cycles of disadvantage that are proven to disproportionately impact Black, Latino and other communities of color.

To Build Back Better, we must do things differently. That includes identifying opportunities to fill the gaps where existing policies and programs have failed to meet local needs. CRRF is one such opportunity that truly meets this moment. Civic infrastructure investments can work hand in hand with investments in housing, transportation, climate resiliency initiatives, and other community infrastructure to stimulate new economic opportunities for local residents, improve education and health outcomes, and help ensure a neighborhood’s long-time residents are not displaced from appreciating market factors, but rather are fully integrated in community life.

Thank you for your leadership and dedication to ensure all families have access to the resources and services necessary to live healthy lives in communities of equity and opportunity.

Sincerely,

African American Alliance of CDFI CEOs

Akron Civic Commons

Appalachian Community Capital

Capital Impact Partners

CDFI Coalition

Center for Neighborhood Technology

Cinnaire

City Parks Alliance

East Bay Housing Organizations

Enterprise Community Partners

Fairmount Park Conservancy

Genesis LA Economic Growth Corporation

Grounded Solutions Network

Guadalupe River Park Conservancy

Habitat for Humanity International

Housing Partnership Network

Housing Trust Silicon Valley

IFF

Invest Detroit

KABOOM!

Lexington Public Library

Local Initiatives Support Corporation

Low Income Investment Fund

Main Street America

Memphis River Parks Partnership

Minneapolis Parks Foundation

Multicultural Media & Correspondents Association

National Affordable Housing Trust

National Association of Affordable Housing Lenders

National Community Stabilization Trust

National Housing Conference

National Recreation and Park Association

Nonprofit Finance Fund

Opportunity Finance Network

Piedmont Housing Alliance

Purpose Built Communities

Reinvestment Fund

Renaissance Community Loan Fund

Rural Community Assistance Corporation

Stewards of Affordable Housing for the Future

The Trust for Public Land

West Atlanta Watershed Alliance