Local Programming: Sharing the Future: Collective Ownership in Detroit
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Certification Maintenance
Course Details
Community Investment Vehicles (CIVs) are equitable development tools that allow residents to pool affordable amounts of money and collectively invest in development projects happening in their neighborhood or city. They have the potential to create a pathway for more equitable and community-owned development, address racial wealth gaps, promote civic engagement, and address patterns of gentrification.
This presentation describes this innovative fiscal mechanism and discusses in detail the process of designing and implementing CIVs in Detroit. Presenters share their process of working with local residents, community-development organizations, legal experts, and technical experts to pilot multiple CIVs. Since CIVs are a relatively new equitable-development tool, there is still much to learn and share. Hear about lessons learned and innovative program designs to create flexible, scalable CIVs applicable to a number of different development projects. Leave with insight into how to begin designing and implementing CIVs and how they compare to other co-ownership models. Takeaways include handouts that detail recommended stakeholders, community engagement strategies, design and implementation processes, and CIV program components. Presenters offer planning and policy recommendations for practitioners who want to support community ownership.
Closed Captioning
Learning Outcomes
- Identify the necessary stakeholders to design and implement a Community Investment Vehicle.
- Map the design of a CIV and how it can fit into the capital stack of multiple types of development projects.
- Understand how CIVs can support inclusive community development by addressing resident retention, neighborhood stabilization, racial wealth gaps, and democratized real estate development.