The Los Angeles Community Development Bank cuts its staff in half and has its operating account frozen by a $9 million lawsuit.
The Los Angeles Community Development Bank (LACDB) has started a radical restructuring to attempt to stay afloat. "We have a mission to help the community, but until we can really retrench and reinvent ourselves it's not going to happen," says chief executive William Chu.The LACDB was formed following the 1992 riots to bring investment and sustainable jobs to residents within the Los Angeles Empowerment Zone. The bank will not be making any news direct loans, although it will continue to make some microloans through its nonprofit partners.The LACDB, working in partnership with community institutions, businesses and civic leaders, will provide non-traditional loans, venture capital, technical assistance and the connections that successfully attract, start and expand business opportunities.
Thanks to Chris Steins
FULL STORY: L.A. Community Development Bank Halves Staff
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
Study: London ULEZ Rapidly Cleaning up Air Pollution
Expanding the city’s ultra low-emission zone has resulted in dramatic drops in particle emissions in inner and outer London.
San Jose Mayor Takes Dual Approach to Unsheltered Homeless Population
In a commentary published in The Mercury News, Mayor Matt Mahan describes a shelter and law enforcement approach to ending targeted homeless encampments within Northern California's largest city.
Atlanta Changes Beltline Rail Plan
City officials say they are committed to building rail connections, but are nixing a prior plan to extend the streetcar network.
Are Black Mayors Being Pushed Out of Office?
The mayors of New York, St. Louis, and Pittsburgh all stand to lose their seats in the coming weeks. They also all happen to be Black.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Resource Assistance for Rural Environments
City of Edmonds
City of Grandview
Harvard GSD Executive Education
UCLA Lewis Center for Regional Policy Studies
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research