Strategic Planning and Design Process
In order to develop a borough-wide strategy, the Roundtable first needed to identify our current assets and opportunities and the challenges inhibiting development without displacement. BCDI held a series of conversations with members of the Roundtable and external partners, and generated a set of five core challenges, rooted in the context and landscape of the Bronx, as well as our community partners' knowledge base of development struggles. Through our planning and design process, we identified five core challenges:
Challenge 1: Land is viewed and used as a speculative opportunity for developers who are not aligned with the values and needs of local communities.
Challenge 2: Dysfunctional economic development and education systems result in an increasing wealth gap and stagnating wages that cannot keep up with skyrocketing rents.
Challenge 3: Public investment is often misdirected to projects with impacts far outweighing the community benefits, and most housing policy and financing tools let affordable units become market rate eventually.
CHALLENGE 4: Community planning isn’t long term, participatory or comprehensive.
CHALLENGE 5: Development capital is tied to high rates of return, increased liquidity, or predatory equity, while mission-aligned capital sources go untapped.
As part of this strategy design process, we also completed a micro-assessment and an alternative development scenario. These two exercises allowed us to 1) analyze recent community engagement and planning processes, and uplift key learnings and tools used and developed; and 2) design and advance strategies based on learnings and other key insights gleaned from previous processes.