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COREThe Community Reinvestment
Project
Jennifer ShockleyProject Manager
WHAT IS CORE?
The goal of the Community Reinvestment Project – CORE – is to turn government-owned properties into productive use to provide workforce housing for target markets such as first-time homebuyers, teachers, firefighters, and police officers.
CORE GOALS
• Provide affordable housing for individuals who are essential to the economic vitality of our communities.
• Help local governments generate much-needed revenue.
• Simplify and streamline the process of selling government-owned properties and help to revitalize communities.
CORE STRUCTURE
• PAR created framework for the project• Local associations are point-of-contact• PAR responsible for bringing strategic
partners on board• PAR responsible for public outreach and
media efforts
PROPERTY MAPPING
PROPERTY MAPPING
PROPERTY MAPPING
CURRENT PROJECTS
• Philadelphia– Redevelopment Authority pilot project– 2 settled listings– Strengthened existing relationships– Commitment to list additional
properties
CURRENT PROJECTS
• Reading– Act 47 status– City Housing Strategy– Realtor® champion– Commitments from RDA and City
CHALLENGES & SUCCESSES
• Wheels of progress turn slowly…..…very slowly
• Strengthened existing partnerships and formed new relationships
QUESTIONS?
