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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

While many foundations screen their endowment investments based on environmental, social, and governance factors, only a few optimize their investment strategies for mission impact. While common in some sectors like housing finance, these guarantees have typically been issued by public entities, not by philanthropy.

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A Banker’s Case for Public Banking

NonProfit Quarterly

Public banks, owned by state and local governments, are driven by a community-serving mission, Currently, financial systems favor White-owned firms and disfavor firms that are owned by people of color, limiting the wealth-building opportunities available to them. How did I come to adopt this position? percent of overall wealth.

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Making Policy Work for Rural Communities: The Value of Community Voice

NonProfit Quarterly

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.

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How Resident-Owned Communities Can Create Mass Affordable Homeownership

NonProfit Quarterly

However, this also means that residents contribute very little equity to reduce financing costs. As a result, financing costs can run as much as 110 percent of the purchase price. ROC USA can make this work because it can extend financing via its community development financial institution (CDFI) subsidiary.

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Busting the Overhead Myth

NonProfit Leadership Alliance

Unfortunately for the nonprofit sector, higher overhead costs are correlated to an organization being irresponsible with its finances, ineffective, unable to carry out its mission, and even unethical. For many organizations, capacity building would fall into the “overhead” category. What can I do?

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Nonprofits as Battlegrounds for Democracy

NonProfit Quarterly

While the title of the book might belie the scope of inquiry, Dunning makes the case that using nonprofits as a “tool for addressing urban problems” has led to a form of “urban governance” that uses private organizations to fulfill public, democratic rights. And over time, private foundations emerged and issued grants in a similar way.

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Community Ownership of Real Estate: A Los Angeles Story

NonProfit Quarterly

At a recent professional dinner, I struck up a fascinating conversation with a woman who has spent her legal career working in civil rights, housing, and community development. I once heard a CDFI leader remark that when the borrowers we need in the community don’t exist, we as CDFIs need to go out there and create them.

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