Troubled Camden Tries to Bring in New Residents
New Jersey’s most impoverished city is trying a new tact at revitalization. Camden is working with some of its biggest employers to try to get their workers to move to the city.
Three hospitals and Rowan University are offering employees up to $15,000 to move to neighborhoods near their facilities. Banks say they also will offer special mortgage incentives for the participants.
Similar efforts have been keys to redevelopment efforts in places like New Haven, Conn., and the West Philadelphia neighborhood in nearby Philadelphia.
The push for middle-class residents comes at a time when property prices in Camden are low, but crime has been up.