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What Is a Community Development Corporation?

NonProfit Quarterly

Image credit: coffeekai on istock.com Community is one of humanity’s great achievements. Yet community development corporations , a $28 billion sector of over 6,200 nonprofits that support local community economic development, are largely invisible in the national conversation.

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A Social Movement Requires Momentum

Stanford Social Innovation Review

By Lisa Nutter & Tim Freudlich The simple physics equation, momentum = mass x velocity, tells us that momentum is a value we can control. What if corporations adopted commitments to maximize value for workers and communities, in addition to generating wealth for shareholders?

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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , the authors highlight efforts to address multigenerational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta. Most residents have low credit scores.

Poverty 119
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Containing Gentrification: A Story from the Nation’s Capital

NonProfit Quarterly

Image Credit: Bruno Guerrero on unsplash.com This is the third article in NPQ ’s series titled Owning the Economy: Stories from Latinx Communities. Given the demographics, it is likely that displacement effects associated with the Purple Line will be felt most intensely by the immigrant, Latinx, and Black communities.

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Building Public Support for Employee Ownership: Lessons from Colorado

NonProfit Quarterly

While the National Center for Employee Ownership defines employee ownership as “any arrangement in which a company’s employees own shares in their company or the right to the value of shares in their company,” in a worker cooperative, ownership means not just sharing profits, but having a direct voice and vote in the workplace.

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How to Close the Racial Homeownership Gap

NonProfit Quarterly

One driver of this ongoing inequality is the current federal system of financing, which largely depends on two government-sponsored enterprises (GSEs)— Fannie Mae and Freddie Mac. Other structural barriers lower the home’s value from the start—limiting opportunities to grow generational wealth. This is known as the secondary market.

Finance 117
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How Land Banks and Community Land Trusts Can Partner for Racial Justice

NonProfit Quarterly

Local government wins because properties are back in productive use, generating taxes. The community wins because there is now permanently affordable housing that can forestall gentrification. While these objectives differ, there is a clear overlap of priorities and opportunities to advance shared equitable community development goals.