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
Networking Events
Why is it important?
Driven by the racist ideology associated with 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, 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.
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.
What have we been doing?
2021
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Q1 - Local champions solicit support from the Urban Land Institute to help to amplify local efforts to shine a spotlight on the economic and social disinvestment in the Fayetteville Street Corridor.
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Q2 - ULI Foundation donates funding to support a ULI Advisory Services Panel dedicated to the Fayetteville Street Corridor.
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Q4 - Saint Joseph’s Historic Foundation (SJHF) steps forward to sponsor the advisory services panel.
2022
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Q2 - ULI advisory services panel convenes national community and economic development experts in Hayti for 5 days, interviewing, collecting, and synthesizing data and insights from more than 80 local stakeholders.
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Q3 - Fayetteville Street Corridor Durham, North Carolina ULI Advisory Services Panel report published calling for a $60 million investment and establishment of a new entity to drive economic development along the corridor.
2023
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Q1 - Hayti Promise Community Development Corporation founded in response to the ULI report.
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Q1 - City Council commits initial $10 million American Rescue Plan Act “seed” grant to Hayti Promise to support revitalization in the corridor.
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Q2 to Q4 - Hayti Promise CDC crafts organizational structure, bylaws, and recruits inaugural Board of Directors centering equity, representation, unity and proven economic and community development commitment.
2024
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Q1 - CDC and City development ARPA compliant project scope of work supported by SJHF in the role of fiscal agent.
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Q2 - 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:
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residential real estate improvements,
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placekeeping initiatives, and
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robust public, private, and philanthropic fundraising to sustain and expand programs delivered beyond the grant period, in order to;
Drive community revitalization for the Corridor and benefit residents by:
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leveraging community engagement to establish a shared vision for the Corridor;
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improving the streetscape beyond the public right-of-way to improve safety and quality of life for
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residents;
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preserving and leveraging the unique cultural identity and historic character to encourage investment in
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additional resident services;
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prioritizing naturally occurring housing affordability, especially for existing residents.
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Hayti Promise CDC will ensure equity is centered in all initiatives by prioritizing programs to promote investment in
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existing underrepresented residents, businesses, and institutions located in/near the Fayetteville Street Corridor
City Website Home Page: Durham, NC | Official Website (durhamnc.gov)
Budget Website Page: Budget & Management Services Department | Durham, NC (durhamnc.gov)
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Office of Performance and Innovation
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