Reinventing Our Communities (ROC) is going on the road! Join us for Reinventing Our Communities: Investing in Opportunity, Monday, October 1, through Wednesday, October 3, 2018, at the Hilton Baltimore.
Investing in people, places, and communities can produce positive returns and increase access to resources that create economic growth and prosperity. Check out the conference agenda to see the lineup of plenaries and workshops in which you will learn about effective strategies for building and mobilizing four forms of capital — financial, human, physical, and social — to create opportunity in your communities.
This year’s event is cosponsored by the Federal Reserve Banks of Philadelphia and Richmond, and Johns Hopkins 21st Century Cities Initiative (21CC). 21CC is incorporating its annual gathering on cities, the 21st Century Neighborhoods Symposium, held in the fall in Baltimore, into this year's Reinventing Our Communities conference.
Cosponsors also include the Federal Reserve Banks of Atlanta, Chicago, Cleveland, Minneapolis, New York, and St. Louis, the Annie E. Casey Foundation, Enterprise Community Partners, FHLBank Pittsburgh, NeighborWorks America, and the Joseph and Harvey Meyerhoff Family Charitable Funds.
ROC conferences, organized by the Federal Reserve Bank of Philadelphia since 2004, have become must-attend biennial events for experts, thought leaders, and policymakers in community development to discuss strategies to “reinvent America’s communities.”
Learning Lab - Next-Level Community Reinvestment Act (CRA) Strategy
Offsite at Federal Reserve Bank of Richmond, Baltimore Branch
CRA officers and community-based organizations are invited to attend this learning lab, which will examine innovative applications of the CRA to address community revitalization. Come explore how banks and communities have partnered to advance economic mobility using interactive case studies and informative panels. Presenters will also cover programs and initiatives that are working to better connect banks with eligible CRA projects in their communities. This session is organized in partnership with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.
Neighborhood Tour – Southeast Baltimore Mixed-Income
Southeast Baltimore is home to a thriving cluster of neighborhoods with diverse populations, good schools that retain families, strong nonprofits and community organizations that work together in providing local services and quality-of-life amenities, a mixed-income housing stock, and vibrant parks and commercial corridors. Originally a melting pot of ethnic European immigrants, the area has successfully made the transition from a 20th century industrial economy to a vibrant 21st century economy centered around information, financial, medical, and other service sectors. The Southeast Community Development Corporation, a 40-year-old organization started by, among others, former Senator Barbara Mikulski, will lead a tour of public spaces, institutions, and retail corridors in the area that exemplify the diversity, livability, and community revitalization that make Southeast Baltimore a successful community.
Neighborhood Tour — Explore the Core: The Central Baltimore
Note: This is a walking tour. Participants should dress in comfortable clothing and shoes.
The Central Baltimore Partnership is a diverse coalition of community groups, universities, neighborhood associations, nonprofits, and developers uniting around community plans to strengthen and revitalize 10 neighborhoods and one commercial corridor. Join us as we explore the core: http://explorethecore.org/. This tour will showcase innovative housing designed for teachers, artisans, and middle class families; studios and maker spaces for artists, filmmakers, and game designers; a garment factory reborn as a design school; an auto body shop turned food hall; a bookstore and coffeehouse; and a vibrant arts and entertainment district that is an economic engine in the heart of the city.
Neighborhood Tour — East Baltimore: Oliver and Eager Park
In 2002, a family of seven was killed by an arsonist. The East Preston Street home was set ablaze in retaliation for repeated calls to police to report drug sales. The tragedy shocked the conscience of an entire city and catalyzed action to rebuild entire neighborhoods. This tour will travel through Eager Park, a new five-and-a-half-acre, three-block linear park at the heart of the East Baltimore Development Initiative. Surrounded by 2,100 units of mixed-income homeownership and rental housing units, 1.7 million square feet of life sciences research and office space, a new seven-acre community learning campus with an early childhood center, and a public K–8 elementary school, this new community was reconstructed though a public-private partnership between state and local government, the Johns Hopkins Institutions, and the Annie E. Casey Foundation. Participants will then tour the Oliver community, where the Reinvestment Fund has been steadily bringing a neighborhood once blighted by more than 600 abandoned houses back to viability, one row house at a time.
In order to strengthen our nation’s economy in ways that enable economic mobility and prosperity, we must invest in opportunity. This opening plenary will highlight effective models and emerging strategies for investing in four pillars of capital to foster economic growth, which will enable every individual to contribute to and derive benefit from the economy. Wes Moore, chief executive officer of Robin Hood, will provide keynote remarks on the topic of investing in opportunity from his work at Robin Hood and themes explored in his book, The Other Wes Moore.
Video: This is Baltimore
Theresa Y. Singleton, Senior Vice President, Federal Reserve Bank of Philadelphia
Ronald J. Daniels, President, Johns Hopkins University
Catherine E. Pugh, Mayor, City of Baltimore, invited
Wes Moore, Chief Executive Officer, Robin Hood
Perspectives on Opportunity
This vignette will explore the concept of opportunity as it relates to building and investing in financial, social, physical, and human capital. Hear a variety of community leaders and change makers from Philadelphia and Baltimore present their perspectives on opportunity.
Joyce Bacon, Founder and Professional Development Coach,
and Consultant, Joyce Bacon Coaching and Consulting
Kendall Jamison, Community Growth Associate, Thread, Inc.
Due Quach, Founder and Chief Executive Officer, Calm Clarity
Terry Speigner, President and CEO, NGEN
Moderator: Daniel Davis, Assistant Vice President and Community Affairs Officer, Federal Reserve Bank of St. Louis
Capital for Communities: Innovative Approaches to Community Development
In this session, presenters will discuss current challenges and future innovations for funding community and economic development. Funding uncertainty exists for programs like new market tax credits, the Community Development Financial Institutions (CDFI) Fund, low-income housing tax credits, and community development block grants. This shift has catalyzed efforts to leverage private capital through new federal programs, such as the Investing in Opportunity Act, and spurred new business models using social enterprise strategies to support efforts in low- and moderate-income communities.
The Sustainability of Affordable Rental Housing
The affordability and availability of rental housing continues to plague equitable and inclusive growth plans. Communities are facing the potential loss of existing units because of expiring subsidies, repair needs, and a constrained market. Additionally, uncertainty about the future of tax credits for the development of new units further exacerbates the need for a plan on affordable rental housing. This conversation will explore these challenges, along with local and state policy solutions to combat the rental housing shortage.
The Economic Impact of Reentry and Returning Citizens
This session will examine how criminal convictions, criminal justice debt, and job qualifications create barriers to community reintegration for the recently incarcerated. These barriers also exacerbate financial instability for both individuals and their families. In turn, these challenges can hinder economic mobility for communities experiencing high levels of incarceration. Panelists will examine the challenges associated with reentry, along with ways that communities are collaborating to reduce fiscal stress and invest in opportunities after incarceration.
Creating Inclusive and Sustainable Leadership for Communities
Leadership development is a core tenet of maximizing human capital potential, but it is essential that leaders accurately reflect the composition and needs of the communities in which they serve. This session will explore inclusive leadership strategies and will cover topics that include mentorship, minority leadership development programming, organizing, and tapping into the unrealized social capital available in communities.
Assessing the Impact of Place-Based Investments on Economic Mobility Across Generations
For the past few decades, federal, state, and local governments have developed a range of place-based interventions that have the goals of transforming disadvantaged neighborhoods and expanding economic, housing, jobs, health, and educational opportunities and outcomes for residents of these neighborhoods. However, it has only been recently that we have been able to assess and measure the long-term impact of these policies and programs. This plenary panel will explore new, path-breaking research and analysis on place-based initiatives and the potential for achieving intergenerational economic mobility from well-designed and sustained investments in disadvantaged communities. The panel will include leading scholars who have looked at the longer-term economic mobility and adult outcomes of young children impacted by place-based investments, as well as national and city leaders who have overseen the development, design, and implementation of these initiatives across U.S. cities to help us understand what difference they have made in the long-term lives of individuals, families, and communities.
Keisha Lance Bottoms, Mayor, City of Atlanta, invited
Henry Cisneros, Principal, Siebert Cisneros Shank & Co.; Chairman, Cityview; former HUD Secretary and former San Antonio Mayor
David Ellwood, Scott M. Black Professor of Political Economy and director of the Malcolm Wiener Center for Social Policy at the Harvard Kennedy School; and Chair, US Partnership on Mobility from Poverty
Laura Tach, Associate Professor, Cornell University
Moderator: Emily Badger, Correspondent, The New York Times
Welcome reception at the Hilton Baltimore.
Middle neighborhoods are characterized as communities that are neither thriving nor distressed and stand at the precipice of growth or decline. This session will review research on middle neighborhoods and explore programmatic and policy strategies for bolstering these communities to promote economic growth and prevent downward economic mobility.
Helping Lower-Income Students Succeed in Higher Education
This session will explore programs and policies that are expanding access to higher education for lower-income students. Despite expanded opportunity, lower-income students still face additional financial, counseling, and career challenges in the pursuit of a degree. Experts will share research and strategies from efforts to help these students reach success.
Addressing the Trauma-Impacted Cycle of Poverty
Research has demonstrated connections between poverty, trauma, addiction, violence, and crime. This session will include a discussion of this trauma-impacted cycle of poverty and approaches being used to effectively break the cycle. Presenters will also share how collaborations across nonprofit services, education, and public safety are working to counteract these effects.
Small City Economic Development and the Racial Divide
During this workshop, panelists will address ways in which smaller cities and communities are using an equity lens to address racial disparities within economic development. These communities are addressing key concerns such as business attraction strategies, tensions with gentrification and displacement, and equitable workforce development strategies to ensure all residents benefit from economic growth.
The Business Case for Quality Jobs
Explore how the relationship between workers and employers has changed. Presenters will discuss issues of job quality and provide case studies of employers who have experienced mutually beneficial returns from investing in the job quality and skills of their workforce.
The Economic Impact of Homeownership
Examine how access to homeownership plays a large role in economic mobility in the U.S. and the impact of this dynamic on different segments of the population. Not only does homeownership affect individual wealth building and mobility but also the economic vitality of neighborhoods, as it is a determinant of which communities grow, thrive, or deteriorate. Presenters will examine these issues, alongside disparities in homeownership, including practices in lending, counseling, and development. Presenters will also discuss how communities are strategizing to address these challenges.
Matthew Martin, Senior Vice President and Charlotte Regional Executive, Federal Reserve Bank of Richmond
Thomas I. Barkin, President, Federal Reserve Bank of Richmond
Poverty to Prosperity: Transformation in America’s Rural and Urban Economies
Whether in a small formerly industrial city, a rural region thriving on natural resources and tourism, or a large metro bounded by inner-ring suburbs, poverty continues to create real barriers to economic growth and community transformation. Despite this common challenge, the divide between urban and rural communities continues to permeate the nation’s discourse on economic security and the necessary public and private interventions to spur change.
Hear from community leaders, policymakers, private sector representatives, and researchers about the lessons learned in bridging this divide and creating policies and programmatic interventions for communities that are confronted with the need to transform. This panel will discuss how varying communities have been able to foresee an economic change and successfully employ strategies to diversify their workforces, rebuild neighborhoods, and sustain households, moving them from poverty to prosperity. These experts will also discuss the how equity and inclusion are vital assets to creating a national strategy on poverty.
Ryan P. Haygood, President and Chief Executive Officer,
Jersey Institute for Social Justice
Michael McAfee, President, PolicyLink
Gerry Roll, Executive Director, Foundation for Appalachian Kentucky
Stephanie Tyree, Executive Director, West Virginia Community Development Hub
Moderator: Matthew Martin, Senior Vice President and Charlotte Regional Executive, Federal Reserve Bank of Richmond
Offsite at Living Classrooms Frederick Douglass–Isaac Myers
campus, sponsored by the Annie E. Casey Foundation
Buses will depart from the Hilton Baltimore at 1:45 p.m.
In this learning lab, participants will examine policies, legal decisions, and de facto practices that have created racial disparities in economic mobility. After setting this framework, participants will then be guided through a series of strategies and examples of ways to integrate a racial equity lens into community development programs and activities.
Investing in America’s Workforce
How can workforce development be seen and treated as an investment in our national economy instead of as a social service? Hear from authors from a newly published book on this topic as part of the Federal Reserve System’s Investing in America’s Workforce initiative. Presenters will explore issues, including strategies for investing in undervalued human capital, investing in regional sector partnerships, workforce investments in economic development planning, building the skills for the future of work, and updates to the Community Reinvestment Act (CRA) question and answers, that enable banks to include workforce development in their CRA strategies.
Women and Wealth Building
This session will explore the impact of gender disparities in access to credit, entrepreneurship, and household financial stability on economic mobility outcomes. Panelists will provide strategies to maximize the human capital potential of women and will share examples of realized return on investment from these inclusive and intentional strategies.
Strategies for Outcomes-Based Financing
There is a trend in community development regarding paying for outcomes achieved versus services delivered. Hear from presenters on the forefront of this innovation to learn more about how such a shift could foster evidence-based practice, lead to improved accountability, and bring about a more effective use of limited funding for investing in human capital and low- and moderate-income communities.
After a generation of investment, affordable housing and services providers are seeking evidence of an additive, positive economic effect when housing includes embedded supports, services, and employment opportunity. While evidence is limited, efforts to sustain and scale access to affordable housing and services as a platform for economic mobility are evolving rapidly, including new approaches to data collection; evolving trauma-informed, people-centered mobility supports and services; new approaches to building a professional field; and efforts to offer financing incentives for developers embedding services.
Enterprise Community Partners and the Urban Institute will release research citing the evidence base, exploring practices for one- and two-generation economic mobility outcomes within and beyond the field, and suggesting next steps for housing providers, government, service providers, and employers.
Laurel Blatchford, president of Enterprise Community Partners, and J. Ronald Terwilliger, vice chairman of the Enterprise Community Investment board of directors and member of the Urban Institute’s board of trustees, will provide opening remarks. Margery Turner, senior vice president, and Megan Gallagher, senior research associate, of the Urban Institute will share the research, and a discussion from a panel of leaders in affordable housing and innovative service delivery will follow.
Eric Belsky, Director Division of Consumer and Community
Affairs, Federal Reserve Board of Governors
Laurel Blatchford, President, Enterprise Community Partners
J. Ronald Terwilliger, Chairman Emeritus, Trammell Crow Residential
Presenting of the Findings:
Margery Austin Turner, Senior Vice President for Program
Planning and Management, Urban Institute
Megan Gallagher, Senior Research Associate, Urban Institute
Kelly Dougherty, Chief Program Officer, The HOPE Program
Judy Parks, Vice President, Mobility Mentoring Programs and Services, EMpath
Sherry Riva, Founder and Executive Director, Compass Working Capital
Margery Austin Turner, Senior Vice President, Program Planning and Management, Urban Institute
Lisa Wilcox-Erhardt, Executive Vice President, Housing and Services, CommonBond Communities
Buses will depart from the Hilton Baltimore at 5:15 p.m.
Network and unwind with fellow conference participants at the headquarters campus of the Living Classrooms Foundation. The Frederick Douglass–Isaac Myers Maritime Park is a national heritage site that celebrates the contributions of African Americans in the development of Baltimore's maritime industry. The reception will be held inside one of Baltimore’s oldest standing waterfront industrial buildings.
Ashley Putnam, Director, Economic Growth & Mobility Project, Federal Reserve Bank of Philadelphia
Changing the Paradigm: From Overcoming Challenges to Maximizing
Social challenges and poverty have historically been addressed as symptoms of individual or market failures to be solved by public, nonprofit, and philanthropic actors using grants or subsidies. Leaders in the private sector are beginning to address how markets have also contributed to those failures and are seeking a new paradigm through which the power of capital markets can be leveraged to not only create financial return but also achieve social impact. Speakers will discuss the market opportunities available through investing in the people and places that have historically experienced disinvestment and how intentionality can be applied to these practices to foster inclusion and wealth creation versus extraction. The discussion will also include examples of how enabling policy, like the Investing in Opportunity Act, can mobilize private capital to address community development efforts in a time of shrinking public investment.
William Chun, Deputy Mayor of Economic Development, City of
David Hall, Partner, Rise of the Rest Seed Fund
Terri Ludwig, Chief Executive Officer, Enterprise Community Partners
Moderator: Mary J. Miller, Visiting Senior Fellow, Johns Hopkins 21st Century Cities Initiative; former Undersecretary for Domestic Finance, U.S. Department of the Treasury
Perspective on Opportunity: Zachary R. Wood, Author, Uncensored: My life and Uncomfortable Conversations at the Intersection of Black and White America
Anchor Institutions: Catalysts for Change
How can anchor institutions catalyze change and benefit the communities that surround them? This session will focus on initiatives at academic and health-care campuses to leverage their economic power to expand participation of local and minority hiring, small business growth, Live Near Your Work homeownership programs, and affordable housing in their adjacent neighborhoods.
The Human Capital Impacts of the Opioid Epidemic
The opioid epidemic was recently declared a national emergency. This session will explore the various human capital impacts the epidemic is having on individuals, families, communities, and labor markets. Panelists will share promising strategies for leveraging community-based organizations to connect people with substance abuse recovery and other behavioral health services.
The Impact of Automation on the Future of Work and Low- and Moderate-Income Workers
What will be the true impact of technological advancements on the future of work? Panelists will share research as well as strategies being used by workforce practitioners to ensure that workers are prepared for the demands of employers in a time of increasing automation.
Deborah L. Hayes, Senior Vice President, Corporate Affairs, Federal Reserve Bank of Philadelphia
Introductory Keynote Remarks:
Ben Hecht, President and Chief Executive Officer, Living Cities
Innovative philanthropists are using strategies that go beyond programmatic interventions by seeking to change the systems in which challenges exist. Leaders in philanthropy are changing strategic plans, moving toward operational rather than programmatic grantmaking, and becoming more intentional about incorporating equity into their goals. Hear how several foundations are rethinking their approaches, using previously overlooked resources, and effectively engaging communities to catalyze systems change and maximize impact.
Ben Hecht, President and Chief Executive Officer, Living
Michelle A. Henry, Vice President, Office of Nonprofit Engagement, JPMorgan Chase & Co.
Rachel Korberg, Associate Director, Rockefeller Foundation
Omar Woodard, Executive Director, GreenLight Fund Philadelphia
Moderator: Emily Garr Pacetti, Vice President and Community Affairs Officer, Federal Reserve Bank of Cleveland
Closing Keynote Remarks:
Patrick T. Harker, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia
Reinventing Our Communities: Investing in Opportunity
will be held at the Hilton Baltimore located at
401 West Pratt Street, Baltimore, Maryland, 21201
Due to the high demand for this event, the Hilton is now sold out.
Rooms are available at the nearby Baltimore Marriott Inner Harbor
Federal Reserve Bank of Philadelphia
Community Development Studies and Regional Outreach Department
Ten Independence Mall
Philadelphia, PA 19106-1574
Follow us on Facebook, YouTube and Twitter for all conference updates
and other community development news.
Refunds minus a $50 administrative fee will be issued upon written request if the request is received on or before August 31.
Please note: The Federal Reserve Bank of Philadelphia will not issue refunds on cancellation requests received after August 31.