A nearby example of such cooperation is the redevelopment of the long-vacant former Camp Simms National Guard site in Southeast D.C. That project, which included a local CDFI in partnership with  1  Paul Weech (2009), "Observations on the Effects of the Financial Crisis and Economic Downturn on the Community Development Finance Sector," Working Paper Series 2009-5 (San Francisco: Federal Reserve Bank of San Francisco, May).
BIS Review 76/2009  1  the D.C. government, a private developer, and a local community development corporation (CDC), led to the creation of a shopping area that included a much-needed grocery store and other commercial services. In many ways, the formation of CDFIs represented an important milestone in the ongoing evolution of policy strategies for community development and revitalization.