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The Launch of Limited Equity Cooperatives The LEC is a tool developed to extend access to homeownership to low- and moderate-income buyers. The movement gained momentum with the support of government programs like Mitchell-Lama , which aimed to provide affordable housing through a public-private partnership.
The left has often undercut a notion of a mutualist future by insisting that every problem needs a large centralized government solution. To ensure mutualism thrives in the next generation, communities need laws, regulations, practices, and capital markets that encourage solidarity and investment outside of any given silo.
This happens daily when local governments park public funds in banks. Today, our communities face multiple challengesranging from accelerating climate change to growing income inequality, from refugee crises to housing crises, and from basic food access to self-serving financial systems. It turns out, quite a lot.
Second, educate the staff and board. As one movement leader shared in our research, Our approach is not just about immediate results but building trust and educating financial actors over time. Yet fewer than 3 percent of those accounts even have the option to invest in companies that support a climate-safe future.
Fortunately, community land trust (CLT) homeownership appears more successful than most government programs for first-time, low-income homebuyers—both due to demonstrated increased housing stability for residents and a participatory board model that includes both resident and nonresident community representation.
Here’s a summary of some of the best answers we received: Acknowledging Nonprofits’ Vital Community Role Having a respected position by local governance, rather than being treated like beggars on the street corner. Nonprofits exist to fill the gaps that government can’t or won’t fill.
Earlier this year , the federal government historically the second-largest funder of nonprofits in the United States, after income from program feesordered a blanket federal funding freeze, putting over $300 billion in annual funding for nonprofits at risk.
Since 1973, I have started or led 14 nonprofit enterprises in the arts, communitydevelopment, and civic engagement sectors. Yet, compared to the business sector and government sector, nonprofits have been sitting silently on the sidelines [emphasis added]. Maybe this can occur through the nonprofit sector.
And through increased volunteering, society experiences greater civic engagement and more resilient communitiesthose who volunteer are more likely to vote, join community organizations and take on leadership roles , and give philanthropically. Despite these benefits, volunteering remains underfunded and undervalued.
In August 2024, the Global Mercy, the world’s largest civilian hospital ship, docked at the port of Freetown for a 10-month field service to provide surgical operations and educational training by invitation of the government of Sierra Leone. Photo courtesy of Jody Ray. Building a good relationship with our partners is key to success.
Image credit: AmnajKhetsamtip on iStock Communitydevelopment financial institutions (CDFIs) have emerged as pivotal players in bridging financial gaps in underserved communities. They often operate as nonprofit loan funds, credit unions, or community-focused banks. million businesses nationally.
One involves the unfilled legal, moral, and economic obligations established by hundreds of treaties with the US government. And a third are limits on Native representation in the US government itself. The US education system is a primary culprit. Land is not just a place to live. The report notes that more than 8.36
Image Credit: AndreyPopov on iStock The seeds of a financial system that works for the public are already all around us, from credit unions and loan funds to community bonds and Green Banks. Weve also used creative public education toolslike the Worst Banks Awards to highlight how big banks perpetuate wealth inequality.
Sister city relationships are partnerships meant to foster cultural, educational and economic exchanges. Photo courtesy of Roco Guenther As the morning light filters through the windows of temporary shelters and government housing scattered across the city, refugees like Yulia Ihnatieva from Ukraine begin their day.
From providing startup capital to Native entrepreneurs, to supporting homeownership, to offering credit building programs and financial literacy education, these organizations are the lifelines of tribal economies. The community response has been resolute: Native CDFIs are not going anywhere.
Typically, a one-megawatt solar array can power at least 400 homes for a year at a cost of about $4 million—making this cost-prohibitive to most communitydevelopers. What are some practical strategies for building local capacity and breaking a colonial mindset around community energy production?
This focus on living with dignity creates a broad scope for innovations in the dimensions of health and well-being, education and skills, economic activities, and governance. The community in Ulaanbaatar provides a powerful illustration of this. These economic enablers were then expanded into other dimensions.
F actors such as program performance, governance structure, staff professionalism, fundraising efficiency, and transparency offer a more comprehensive view. This transparency not only educates funders but also corrects misallocated “overhead” costs. What can I do? Keep your team moving forward!
Coproduced by Partners for Rural Transformation, a coalition of six regional communitydevelopment 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.
A salient example is of organizations that are focused on communitydevelopment but invest in mass incarceration. Key IPS components may include scope and purpose, governance, investment asset classes, return and risk objectives, investment benchmarking, and risk management.
Most government housing funding is spent on subsidizing mortgages—primarily for the well-to-do. Now, most government housing funding is spent on subsidizing mortgages —primarily for the well-to-do—and residential land is zoned for single-family homes and suburban sprawl.
Image credit: TuiPhotoengineer on istock.com This is the fifth and final article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America , coproduced with the National Coalition for Asian Pacific American CommunityDevelopment ( National CAPACD ).
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 does the public bank in North Dakota accomplish these results?
Most practitioners working in communitydevelopment have accepted this as the reality of impact investing: The harder you drive for social impact in disadvantaged communities, the farther away you get from unbuffered full market return.
Image Credit: Bruno Guerrero on unsplash.com This is the third article in NPQ ’s series titled Owning the Economy: Stories from Latinx Communities. Among the coalition participants is the organization I work for, the Latino Economic Development Corporation. Construction began in 2017.
we all know nonprofits rely on a combination of government grants, philanthropic donations, and earned income to support their operations. Educational challenges faced by inner-city communities in the U.S. There are many challenges that inner-city communities in the United States face when it comes to education.
Image credit: Drew Katz Black Bostonian communities citywide have more than just something to say for themselves: their economies are building institutions that prioritize asset-based communitydevelopment and are creating the foundations for a local solidarity economy. After raising $4.5 million.
Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. What would it take to fully fund the human capital, governance, and advocacy costs of nonprofits? The other five work for nonprofit intermediary organizations. If not, why not?
In response to Canada’s Truth and Reconciliation Commission, the Silver Gummy Foundation —a Canadian private family foundation devoted to reducing gender-based violence through education—recently set out to expand our funding mandate by creating a funding category for Indigenous organizations. What makes an organization “Indigenous”?
As he puts it, “There are some diminished assumptions about places like Detroit that have majority-African American populations and particularly populations that are predominately low- and moderate-income and not college educated. A third key challenge is implementing systems and processes, such as permanent governance policies.
the communitydevelopment financial institution where I work, lends to families and businesses throughout the state of Maine. A childcare business incubator needs to combine small business start-up education with specific childcare business management and coaching. Coastal Enterprises, Inc.,
But to build cooperative intelligence, cooperative education needs to start at a much earlier age. Such, at least, is the thesis of work I’ve been involved in to create a cooperative education curriculum at the high school level in the Bronx. In Dare the School Build a New Social Order? ,
Another examplethis one involving the government rather than the university per seillustrates how different partners, even when aligned, may have very different expectations. In the second year, spending climbed to pay for field trips and other activities.
We also know that partnering with government and the public sector is critical to advance our missions and build thriving communities. Senator, I meet regularly with Montana nonprofits and work to make sure that our government is partnering with them to serve local communities. As Montana’s senior U.S.
Image Credit: Abe Camacho on unsplash.com This article introduces a new NPQ series, Owning the Economy: Stories from Latinx Communities. These are home values, rent prices, median household income, percentage of residents who are college educated, and percentage of residents who are White.
After seven years of kitchen-table and Zoom organizing, a multi-stakeholder, cooperative, community-owned grocery store is taking shape in Louisville, KY. In October, the metro council of Louisville’s combined city-county government voted to allocate $3.5 million to help make a co-op grocery a reality. We secured $3.5
Back in 2019, I published a study on what I called “cooperative cities” in which I wrote about how local governments in a dozen US cities create enabling environments for developing and sustaining worker cooperatives. Only a handful of municipal leaders at the time referred to this work as “community wealth building.”
In the series, urban and rural grassroots leaders from across the United States share how their communities are developing and implementing strategies—grounded in local places, cultures, and histories—to shift power and achieve systemic change. The food initiative’s resources have helped fund these efforts.
We had our first in-person meeting with Massport about idling in February, where we asked for more regular collaboration and for forums to be inclusive and open to the community. We also need our government agencies to protect us. So far, we’ve been able to install HEPA purifiers in 35 home daycares.
For instance, Art.coop and Grantmakers in the Arts are collaborating to educate funders about power-shifting and solidarity principles, creating shared language and frameworks that funders can draw on as they develop and implement funding strategies. Artists are essential to any vision that calls the future into question.
The conference brings together hundreds of community activists, government officials, and bank communitydevelopment officers. But not surprisingly, racist assumptions about risk made their way into red lines on maps, creating in the process de facto “do not lend” zones in low-income communities and communities of color.
We know it’s a story of extraction, [of] government reliance on the nonprofit world, but that felt like a whole lot bigger than TBF. And there’s a way that that language gets co-opted as anti-government. It’s structurally incentivized—foundations and government funders are keeping this inadequate system churning.
And in so doing we are challenging the communitydevelopment field to do better—by creating new tools to support truly equitable food-oriented development. Many large communitydevelopment financial institutions , credit unions, and foundations present themselves as community-based food financing leaders.
As a result of the movements of the 1960s, the US government and nonprofit agencies strengthened social safety nets. This was especially true at the county and municipal levels, where community organizing resulted in policy wins that benefited the most vulnerable, despite a conservative backlash that eventually defunded many federal programs.
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