jennifer shockley bwh dc 2011

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?

CONTACT

Jennifer Shockleyjshockley@parealtor.org1-800-555-3390