The in Troy, Michigan, has announced a total of $90 million in grants and financing capital as part of a new multi-funder initiative to fund investments in infrastructure and climate resilience projects benefiting low-income communities in Atlanta, Chicago, Denver, Los Angeles, Memphis, and the San Francisco Bay Area.
Through the (SPARCC), the (Atlanta), L-Evated Chicago (Chicago), (Denver), Memphis Partners for Resilient Communities (Memphis), Bay Area for All (San Francisco), and a partnership between , , and the (Los Angeles) will each receive a grant of $1 million and technical assistance funds, access to an estimated pool of $70 million in financing capital, and $14 million in additional programmatic support. In each region, coalitions of community residents and partners from the public and private sectors will work to implement strategies — from regional transit expansion and revitalizing existing transit hubs, to reshaping housing and land use — aimed at making their communities more prosperous and equitable.
SPARCC is a joint initiative of , the , the , and the , with funding support from the , , Kresge, and foundations and the .
"Chicago's long history of racial and economic segregation is no secret, and past investment decisions and policies have too often reinforced that segregation," said Juan Carlos Linares, executive director of , a member of L-Evated Chicago. "By working both within and across our communities — and leveraging our transit system to enhance and connect our efforts — our SPARCC collaboration with community stakeholders will serve as an important tool to reverse that legacy and advance a more equitable and prosperous Chicago."