This article aims to contribute to the discussion of holistic community development models by presenting and evaluating the Community Capitals Framework (CCF; Flora & Flora, 2004) within the field of community psychology and within a Georgia community. The CCF is a conceptual framework from the field of sociology that includes seven forms of community capital (cultural, natural, human, social, financial, political, and built). These capitals can be used to better understand how communities work and thrive through the identification of assets in each capital and the ways in which the capitals interact in specific contexts. Focusing on the assets that generate community capital is the cornerstone of the CCF and plays a transformative role in the way that the planning and development process unfolds in community settings. This is shown in the case example of South Rome, GA. Results suggest that the CCF—especially when imbued with the values of community empowerment, diversity, and inclusion/participation—is a valuable tool for helping stakeholders approach community development from a systems perspective, combat hopelessness, and foster common language and plans for the future.