The Los Angeles Community Development Bank: The Possible Pitfalls of Public-Private Partnerships

  title={The Los Angeles Community Development Bank: The Possible Pitfalls of Public-Private Partnerships},
  author={J. Rubin and G. Stankiewicz},
  journal={Journal of Urban Affairs},
  pages={133 - 153}
In response to the 1992 Los Angeles riots, the federal government, city and county officials, commercial banks and community leaders established the nonprofit Los Angeles Community Development Bank (LACDB). This public-private partnership was a new development model, designed to spur economic growth in some of Los Angeles’ most disadvantaged areas. The LACDB was capitalized with $435 million from the U.S. Department of Housing and Urban Development and ranks as the federal government’s largest… Expand
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