Innovation
[Solutions]
Innovation and Revitalization Strategies
We’ve seen firsthand the positive impact that accessible, community-based housing has on people’s lives, and we think we can have even more impact by creating additional options for that housing. That is one reason why we formed a new Benefit Corporation to explore opportunities for developing housing and other options beyond community residences for the populations we serve.
Community Investments for Positive Impacts
CIL’s development team looks for community redevelopment projects that could have positive economic and environmental impacts.
Impacts such as returning deteriorated or distressed properties back to productive use, stimulating economic activity by bringing new residents and businesses, remediating and abating contaminated properties, growing the property tax grand list, contributing to walkable neighborhoods, and increasing access to transit modes (bus, train, etc.).
In pursuit of these benefits, CIL looks to work with local communities, not against them. That means we want to fit into neighborhood, municipal, and state strategic plans to ensure our developments further mutual goals. A typical CIL project would start with a historic site that is underutilized or abandoned with contamination, similar to a project we completed: Capewell Lofts in Hartford, CT, whose revitalization has had positive economic, community, and environmental impacts.
