The Ford Foundation announces in the New York Times a $100 million plan to create more art spaces:

The plan, called the Supporting Diverse Art Spaces Initiative, is one of several large financing projects that have resulted from a strategic overhaul of the foundation’s operations since its president, Luis A. Ubiñas, took over in 2008. He has moved the foundation in the direction of bundling its hundreds of millions of dollars in grants — which have traditionally varied widely in their focus — into large programs oriented toward specific issues. Other recent commitments include $80 million to bolster public programs for the unemployed and underpaid, $100 million for secondary education in seven cities and $50 million to help cities buy foreclosed properties.

In addition to helping arts groups build new spaces and renovate and expand old ones, the latest initiative aims to encourage the construction of affordable housing for artists in or around some of these spaces and to spur economic development in their surrounding areas. Mr. Ubiñas said that during his travels around the country he had been astonished when he would visit an arts organization and find that “all around it have developed whole neighborhoods — of artists and their families, of businesses that cater to them, of diverse people who want to live in a thriving community.”

Grant Nurtures Art Spaces and Housing (New York Times)