1. Dorchester Bay Economic Development Corporation

2. DBEDC History Founded in 1979 by local civic groups Addresses problems of economic disinvestment, quality and affordable housing, unemployment, crime, and community tensions resulting from prejudice, discrimination, and language barriers. Geographically includes 51 %African American & Cape Verdean, 15% Latino, 30% Caucasin. 4% Asian; Three commercial districts; a high percentage of distressed but owner- occupied housing; and two of Boston's old major manufacturing areas.

3. DBEDC Mission Dorchester Bay Economic Development Corporation acts to build a strong, thriving and diverse community in Boston’s north Dorchester neighborhoods. Working closely with neighborhood residents and partners, we access resources to: Develop and preserve affordable homeownership and rental housing Create and sustain commercial and economic development opportunities Build community power through organizing and leadership development

4. Sister Clara Muhammad Housing Cooperative Partnership with New Vision Quincy Geneva CDC, Masjid Al Quran

5. Brownfields to Green families before after

6. 25 coop units, 5 homeless, ownership in one year. 25 more home Ownership

7. Sister Clara Muhammad Cooperative thanks FUNDERS: City of Boston, DND Boston Community Capital CEDAC Federal Home Loan Bank of Boston LISC MHIC Mass Development Mass DHCD Mass Housing Partnership Dev. Team: DB/QG Vertec Corp. Chia-Ming Tse Enrique Tamayo-DB Troy Beutel-QG Jim Luckett Dan Satinsky CS2C/ NE Winn Management

8. Reaching for more industrial jobs: 65 Bay Street–Spire Printing 1992

9. 1992- FDIC negotiations 1994- bought site 1995- demolition 1997- 1 st end user 1997- back taxes 1998- remediation 1999- 2 nd end user 2000- deal & financing 2001- construction 2002- move in 65 Bay Street

11. REACHING 17 funders $4 M equity, $10M debt CDC Business Loan & Equity Fund CEDAC DND- Boston Dorchester Bay EDC EDA- US Commerce EDIC/ BRA FleetBoston LIFE Initiative LISC MBTA Mass Development NStar OCS- US Dept of HHS Riley Foundation Spire US HUD anonymous Payton Construction, Winter Street Architects, KVAssoc. Barry Abramson, Todd Rodman

12. Brown to green First new manufacturing and High tech in Dorchester in 40 years Higher skill training

13. DESIGN & OFFICE AREA PRINTING AREA Entrance

14. 65 Bay St. – Reaching for the Stars Transit oriented Environmentally friendly sustainable development

15. New Projects: Former Fundonzinho Lounge – mixed income housing over retail in former crime spot 570 Dudley St.

16. Former Nigro’s Auto Body and (we hope) Baldeo’sGas Station – will be a new community center Brown to Green, worse sites Reduce crime hot spots, gangs

17. New Homeownership Housing  Huge housing shortage  Fewer sites  High costs  Environmental costs  Fewer resources  Slow approval s

18. Brownfield development challenges The building is always too expensive The development numbers don’t work The site is probably contaminated Be ready to test and test again Be ready to demolish the building There’s not just one model for commercial projects Wait for the right tenant that fits neighborhood plans If enough people want something to happen, it will. Organize before, during, and after development. All of life is one big fundraiser Build from the bottom up Businesses need access to capital Business interests are not always yours Just do it!