What do we want to achieve?
We aim to help strengthen the cohesion of local communities, improve disadvantaged neighborhoods and counter exclusion. With a team of international experts, we also intend to develop transferable solutions and models for urban centers – and make them accessible to decision makers.
How are we implementing that?
For instance, we support initiatives in New York focused on affordable housing. Equally important for us is the revitalization of city neighborhoods through cultural and educational programs. Since 2005, the Alfred Herrhausen Society has explored solutions for the problems of urban centers, together with the London School of Economics and an international team of city planners, traffic experts, sociologists, architects and scientists in the Urban Age conference series.
What have we achieved?
- We have been working for over 20 years in the USA financing community development. Our commitment to the social enterprise sector aligns to our legacy of using principal capital to invest in distressed communities, with a primary focus on New York City and its underserved neighbourhoods. Deutsche Bank has consistently received the Federal Reserve's highest rating of "Outstanding" in recognition of its strong performance under the federally mandated Community Reinvestment Act (CRA).
- Extensive research on cities and urbanization through the Urban Age Initiative of the Alfred Herrhausen Society: 5,000 participants in 14 Urban Age conferences since 2005
- Deutsche Bank Urban Age Award: honoring projects that contribute to improving quality of life in urban centers. Each award, worth 100,000 US dollars, gives initiators the opportunity to continue and expand their project.