The Choice Neighborhoods Initiative proposed by the U.S. Department of Housing and Urban Development (HUD) is intended to transform neighborhoods of extreme poverty and severely distressed housing into revitalized mixed-income communities. This paper considers how to effectively evaluate outcomes and measure success in comprehensive community transformation efforts like Choice Neighborhoods. It is divided into two parts: (1) a general framework for performance management in Choice Neighborhoods, including a logic model, and (2) a detailed, evidence-based approach to Choice Neighborhoods performance measurement, including proposed management reports and performance indicators.