1. Market Confidence: Neighborhoods with market confidence have a strong housing market for all income levels and a thriving business district that contributes to rising housing values and residential sales prices. The community manages market forces to prevent displacement of people and local businesses and the neighborhood is a place where people want to live and invest time, resources and capital.
2. Quality of Life: Neighborhoods that have a high quality of life are places where residents are able to access the larger economy and quality neighborhood amenities. They are able to build assets, accumulate wealth and connect to economic opportunities and their neighborhood is safe and the environment and social determinants of health positively impact the well-being of families and neighbors.
3. Neighborhood Image: Neighborhoods with a celebrated image are places that are visually appealing and desirable to all, celebrating neighborhood pride and attracting new people and investment while retaining new and long-term residents.
4. Community Ownership: Neighborhoods with community ownership have residents, small business owners, community organizations and institutions serving as active participants and key decision-makers in neighborhood revitalization projects. Local residents and leaders have the capacity and community power to create positive change and shape the future of their neighborhood.
5. Equitable Development: A neighborhood that prioritizes equity is one where everyone participates in and benefits from the region’s economic transformation — especially low-income residents, communities of color, immigrants, and other at risk of being left behind. Equitable development requires an intentional focus on eliminating racial inequities and barriers and making investments that yield healthy, safe and opportunity-rich neighborhoods that reflect their culture.