The evening of April 14th was a big one for the East Austin community, when developers met with residents to unveil the master plan for the 208-acre lot of land known as Colony Park. Plans for the development were rolled out onto a community center floor as a giant map that enabled attendees to walk, step-by-step, through the five-year-plus initiative. The project hopes to bring commerce, parks, new residences, into a sustainable community.
The Local Initiatives Support Corporation (LISC), a national philanthropic organization that provides monetary support for the shoring up of distressed communities, has pledged $100 million in capital to lead an effort to develop 15 low-income neighborhoods in the City of Los Angeles. Under the city’s Measure R, plans for expansion of light rail and rapid bus lines within these communities are currently underway. The monetary initiative by LISC will continue development beyond transit, expanding affordable housing, schools, businesses, and community facilities, and will complete market assessments of each neighborhood to strategize locale-specific investment.