article thumbnail

What’s Next for Community Development Finance?

NonProfit Quarterly

Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 community development loan funds with a combined $27 million in assets under management. By contrast, according to the US SIF (Sustainable Investment Forum), the CDFI industry (including community development banks and credit unions) had $457.9

article thumbnail

Limited Equity Housing Cooperatives: Why They’re a Solution for Our Times

NonProfit Quarterly

Housing co-ops have a board of directors composed of member-residents which is responsible for overseeing the management of the property and planning for future renovations, much like a homeowner association. A limited-equity co-op is one in which the resale value of shares is limited.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banking and Community: A Conversation with Oscar Perry Abello

NonProfit Quarterly

Oscar Perry Abello: In my work as an economic justice correspondent at Next City, I had written all these stories about credit unions, community banking, and CDFIs [ Community Development Financial Institutions ]. And only 3 percent of community banks are own or led by people of color. Race still matters.

article thumbnail

In Los Angeles, a Black-Led Community Land Trust Builds for the Future

NonProfit Quarterly

Among Goodmon’s ancestors are the Blodgett family, who helped in 1924 to found the Liberty Building-Loan Association , the city’s first Black-owned banking institution, which later became Liberty Savings and Loan Association. Liberty Savings and Loan Association remained Black-owned until 1961.

Culture 69
article thumbnail

The Next Generation of Mutualism

Stanford Social Innovation Review

Key economic strategies for doing so include repurposing and updating existing tax credits, loan strategies, and market proposals: Community Development Financial Institutions (CDFIs) are now used for supporting local community business activity and cooperatives.

article thumbnail

Anchoring Communities: How to Combat Displacement Through Asset Ownership

NonProfit Quarterly

It’s a holistic plan to preserve what we know our ancestors, our grandparents, our great-grandparents built,” said Asiaha Butler, founder of the Resident Association of Greater Englewood (R.A.G.E.), is part of a growing community ownership movement to reclaim land and protect neighborhoods from extraction. It’s the corridor.

Food 63
article thumbnail

“How Do We Break Out of Pity?”: Reframing Children as Philanthropic Citizens

NonProfit Quarterly

Image Credit: PeopleImages on iStock When Amy Neugebauers third-grader son came home from school one day, he ran upstairs to raid his piggy bank for an American Heart Association fundraiser. This reliance on external drivers did not sit comfortably with Neugebauer, whose background is in community development and social innovation.