During a recent address at the City Club of Cleveland, Joel Ratner of
Neighborhood Progress Inc.
touted recent success stories that the nonprofit has invested in, including a new home for The Intergenerational School
underway at the Saint Luke's campus.
Ratner believes that even though Cleveland has been hard hit by the foreclosure crisis, the city can stabilize its population and begin to grow again through promoting thoughtful, equitable, synergistic development that helps everyone succeed.
"For a long time, there was a debate over whether it makes sense to invest in people or place," said Ratner. "However, we believe it should be people and
Ratner cited Pittsburgh as an example of a city whose population has been right-sized and has even begun to grow again in recent years.
As examples of why community development matters, Ratner presented statistics showing that neighborhoods where NPI invested heavily over the past decade not only fell less steeply in the recession, but are also coming back more quickly than others. He also believes that every Cleveland neighborhood can be successful.
Ratner touted the recently-announced Slavic Village Reclaim Project, which leverages private investment by Safeco Properties and Forest City to help rehab 2,000+ properties on 440 acres, as one example of innovative best practices.
He also cited NPI's partnership with the Key Bank Financial Education Center to help low-income residents build wealth through savings and investment programs. Through a possible merger with Cleveland Neighborhood Development Coalition and LiveCleveland, Ratner hopes to begin serving additional neighborhoods.
Source: Joel Ratner
Writer: Lee Chilcote