Community Economic DevelopmentPhilosophy and ProcessesNASCSP Mid-Winter ConferenceMarch 1, 2012Washington D.C.

Bryan PhippsVice President for DevelopmentPeople Incorporated of Virginia

Agency Overview• Chartered in 1964 as the first

rural Community Action Agency in the U.S.

• Serve 10 jurisdictions in Southwest Virginia and Northern Shenandoah Valley region of Virginia

• Operate 30+ programs in Child & Family Development, Housing, Community Services, Workforce Development, and Community Economic Development

• 275 employees, $18 million budget

Philosophy • Community Development is crucial to

providing low-income people with opportunities to move into the economic mainstream

• View Community Development as an integral part of mission

• Repositioned agency as a development group, rather than a social service agency

Organizational Development

• Began business lending and affordable housing development in early 1990's

• Established affiliate corporations in the early 2000's to access additional funding streams

• Built internal staff capacity to promote growth and sustainability

CED Roles• Sponsor

• Developer

• General Contractor

• Owner

• Manager

• Service Provider

• Investor

CED Processes• Pre-Development

• Legal Documentation

• Construction

• Implementation

• Ongoing monitoring and compliance

Pre-Development• CSBG can be an important resource

• Determine project feasibility

• Capital intensive

• Develop strategic relationships

• Define roles and responsibilities

• Financial structuring

Considerations• Community Needs

• Local support

• Consistency with mission

• Jobs creation potential

• Long term benefits for low-income people and communities

• Project readiness

• Return on Investment

Heartwood Artisans Center, Abingdon, Virginia

Grundy Town Center, Grundy, Virginia

Patrick Henry Hotel, Roanoke, Virginia

People Incorporated's Accomplishments FY2011•47 businesses financed

•364 full time jobs created

•535 construction jobs created

•205 jobs retained

•17 first time homeowners

•219 apartments purchased/rehabilitated

•221 homes rehabilitated

•$1,064,054 in Developer's fees

•$873,563 in financing fees

THANK YOU

Bryan PhippsVice President for DevelopmentPeople Incorporated of Virginia

1173 West Main StreetAbingdon, VA 24210

PH: 276.623.9000bphipps@peopleinc.net