Durham Strategic Plan Dashboard
Prosperity
Status Indicator: 
In Progress | 
On Hold | 
Complete/Ongoing
Initiative: 1.12 Leverage space-related economic development opportunities
Shared Economic Prosperity
Description
The Fayetteville Street Corridor Improvements Project will mitigate negative social, cultural, economic, and financial impacts that were exacerbated by COVID-19. The project, and partner institutions, Hayti Promise Community Development Corporation (CDC), with St. Joseph’s Historic Foundation (SJHF) serving as fiscal agent, will fuse various sources of neighborhood-scale, city, county, state, federal and private advocacy and investment to hasten inclusive, equity-centered, resident-focused mitigation strategies to counteract negative economic impacts along the Fayetteville Street Corridor and adjacent neighborhoods. The project will connect various existing efforts to combat the intersectional challenges of wealth inequality, infrastructure failures, and the effects of the COVID crisis on residents and businesses in the Corridor.
Key Measures & Data Analysis
This initiative is on-going and will have more data in the future. For more information, please check back after our next update.
Why is it important?
Under the policy of urban renewal, construction of NC Highway 147 (the Durham Freeway) in the 1960s effectively dismantled the once thriving Hayti community. According to a 2022 report published by the Urban Land Institute (ULI), the Fayetteville Street. Corridor, is a spine through the middle of Durham, and it’s Hayti District, the historical location of many of Durham’s Black businesses and the hub of Black economic activity. The Fayetteville Street Corridor is a gateway that remains vital to the economic development of Durham and the preservation of Black history and culture.
What have we been doing?
- Hayti Promise Community Development Corporation (Hayti Promise CDC or CDC) was founded in 2023 with the mission of inviting inclusive economic growth and local wealth creation in underinvested neighborhoods along the Fayetteville Street Corridor
- City Council commits initial $10 million American Rescue Plan Act “seed” grant to Hayti Promise to support revitalization in the corridor.
- Hayti Promise CDC crafts organizational structure, bylaws, and recruits inaugural Board of Directors centering equity, representation, unity and proven economic and community development commitment.
- CDC and City develop ARPA compliant project scope of work supported by SJHF in the role of fiscal agent
- City contracts with Hayti Promise CDC to implement the Fayetteville Street Corridor Improvements Project.
What's next?
To accomplish the objectives of the Project, the CDC will procure technical expertise necessary to actualize inclusive economic development strategies supporting:
- Real estate improvements.
- Place-keeping initiatives.
- Robust public, private, and philanthropic fundraising to sustain and expand programs delivered beyond the grant period.
To drive community revitalization for the Corridor and benefit residents the CDC will:
- Leverage community engagement to establish a shared vision for the Corridor.
- Improve the streetscape beyond the public right-of-way to improve safety and quality of life for residents.
- Preserve and leverage the unique cultural identity and historic character to encourage investment in additional resident services.
- Prioritize naturally occurring housing affordability, especially for existing residents.
- Ensure equity is centered in all initiatives by prioritizing programs to promote investment in existing underrepresented residents, businesses, and institutions.
City Website Home Page: Durham, NC | Official Website (durhamnc.gov)
Budget Website Page: Budget & Management Services Department | Durham, NC (durhamnc.gov)
Budget and Management Services Department
Office of Performance and Innovation
Strategy and Performance Division