Remove Community Development Remove Construction Remove Poverty
article thumbnail

How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

In Philadelphia , there are expensive historic districts, clusters of new luxury construction, walkable rowhouse neighborhoods, and areas that are indistinguishable from the nearby suburbs in look and price. These neighborhoods still have above average poverty rates and remain majority Black and/or Latinx.

article thumbnail

Banking and Community: A Conversation with Oscar Perry Abello

NonProfit Quarterly

From the roots of racial capitalism to the psychic toll of poverty, from resource wars to popular uprisings, the interviews in this column focus on how to write about the myriad causes of oppression and the organized desire for a better world. For example, a construction loan is too risky for the credit union, so the loan fund handles that.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Does Finance for the People Look Like?

NonProfit Quarterly

Public bankscreated by governments and chartered to serve the public interestoffer a powerful model to advance racial equity, public accountability, and community self-determination. A recent report by the Office of the State Comptroller found that Rochester has the fifth-highest child poverty rate of any US city.

Finance 136
article thumbnail

Housing Innovation in Rural America

NonProfit Quarterly

This article concludes the series : Eradicating Rural Poverty: The Power of Cooperation. For decades, the United States has focused on what are called “place-based” strategies and policies to address poverty, housing access, and affordability. Studies show that secure housing is critical to reducing generational poverty.

Poverty 119
article thumbnail

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

NonProfit Quarterly

This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. Public funding programs often include conditions that exceed the capabilities of high-poverty areas, such as requiring matching funds that these areas do not have. A different approach that centers community voice is sorely needed.

Values 130
article thumbnail

??How Community-Based Public Space Can Build Civic Trust: Lessons from Akron

NonProfit Quarterly

In the 1960s, the construction of interstate highway I-76 and state Route 59 disconnected Summit Lake from the rest of Akron. Ongoing neglect and isolation led to entrenched, concentrated poverty and a growing distrust of civic leaders. The city’s Black business district was devastated.

article thumbnail

Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. For decades, community development financial institutions have delivered capital into communities and regions that otherwise suffer from disinvestment. This is true in urban areas and, critically, rural communities.

Poverty 131