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Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 communitydevelopment 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 communitydevelopment banks and credit unions) had $457.9
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.
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.
An investment portfolio that limits energy investments to renewables, for example, may well outperform a portfolio that includes fossil fuel firms; holding on to fossil fuel stocks is arguably riskier. This analysis, offered by Triodos , a firm with over $6 billion (5.9 Activating these funding streams will be challenging but not impossible.
Credit: The ABCD Institute and Pacific Community Solutions State of the Movements is a recurring NPQ column dedicated to tracking the pulse of social movements and the solidarity economy in 2025. Asset-based communitydevelopment! What do we want? When do we want it? Additional reference information available here.
Image Credit: PeopleImages on iStock The view from the trenches in frontline BIPOC communities fighting for resources is hopeful, though sobering: there has been a boom in energy and interest since the passage of the Inflation Reduction Act (IRA) in 2022. Proof of concept is strong, with exemplars around the country.
The solar developer builds clean-energy projects that help communities acquire long-term wealth and energy assets through impact investing, technical support, and project financing. This type of community-owned solar will be the first of its kind in Brooklyn.” How will Sunset Park Solar work? says Yeampierre.
While many foundations screen their endowment investments based on environmental, social, and governance factors, only a few optimize their investment strategies for mission impact. And guarantees are much less common in other fields, such as community-focused renewable energy.
Many times, government and nonprofit representatives had come to Starleen’s Summit Lake neighborhood and indicated that things were going to improve, but not much ever came of it. “My Most importantly, the team has elevated a new generation of diverse leaders who are contributing new energy to Akron’s civic spaces.
Not only is it possible to access federal funds, but the same elements that are needed for frontline and underinvested, predominantly BIPOC communities to benefit from public funding are also the most promising approaches to address more broadly the impacts of climate change at the local level.
Nonprofit organizations play a pivotal role in addressing societal issues, providing essential services, advocacy, and support to those in need, and fostering communitydevelopment. Oversight and governance Provide proper oversight to ensure the organization is operating effectively and ethically, and acting fiscally responsible.
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.
To transform our economy, we need to network, learn, ideate, iterate, and resource the work together as nonprofits, for-profits, community leaders and members, philanthropic institutions, governments, donors, and investors. Our organizations have started to map and build these networks in the Seattle area and Washington state.
A Government of National Unity As a response to the dwindling support, the ANC agreed to form a coalition government. So, what should we expect from President Cyril Ramaphosa’s Government of National Unity? This support comes despite the fact that their ANC-led governments have been largely ineffective.
The resources involved were modest ($240,000 total) but the ambition was large—namely, to assist Native nations to “regain control of their land and natural resources, revitalize traditional stewardship practices, and build sustainable stewardship initiatives that contribute to tribal economic and communitydevelopment opportunities.”
In her position, she has sought to transition it from a “working board” to a “governing board” as the co-op opened and hired full-time staff. As expected, sales have slowed as the opening energy dissipates, but they remain above projections. She adds, “The majority of Detroiters are African American.
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?
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.
I served as the Program Director for communitydevelopment and microenterprise development at MIFA. For seven years, I served as the Senior Program Officer for a financial intermediary providing grant making, technical assistance, and training for communitydevelopment corporations, and grassroots organizations.
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.”
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.
First, democratic funds like Seed Commons, 4 Ujima Fund, 5 and the Just Transition Integrated Capital Fund gave us a new model for how communities could steward and govern capital together. These new laws channeled philanthropic assets into municipal bonds and communitydevelopment loan funds, which stabilized local municipalities.
With the WORK Act, tens of millions of dollars in government resources will be disbursed to employee-ownership centers around the country, fundamentally changing the playing field for worker-owners, freelancers, and cooperative innovators. What if that scale of resources flowed to our communities instead of to Wall Street?
It was a smaller autonomous school called the School of Social Justice and CommunityDevelopment. However, eight months after Lumumba was elected, he died of heart failure, and the anticipated alliance with the city government did not materialize. Akuno explained that 20 years ago, he was working in Oakland, California.
Can this movement energy coalesce into a cohesive vision? 4 We see, too, movement energy in the organizing at Amazon, at the over 200 Starbucks branches that have unionized, in the new vigor behind the pursuit of worker cooperatives and community land trusts. Can this movement energy coalesce into a cohesive vision?
Rural communities, already with access to fewer resources , are experiencing increased climate disasters like tornadoes, hurricanes, wildfires, and floods. For example, Brooklyn-based nonprofit UPROSE is helping to bring local residents sustainable clean energy and is creating equitable frameworks for wind energydevelopment in the area.
And I always like to point this out because I think mental health is extremely important, especially as the fact that you’re dealing with populations who might be they’re doing one of the most vulnerable parts of their lives, or maybe there’s a cause that is really, really necessary to focus on and requires all your mental energy.
Image credit: Drew Beamer on Unsplash For communitydevelopment financial institutions (CDFIs), these are extraordinary times. Special attention was placed on the Greenhouse Gas Reduction Fund , a $27 billion clean-energy loan fund created by last year’s Inflation Reduction Act. [Today] CDFI assets total $457.9
As NPQ has previously covered , Neighborhood Economics brings together faith-based organizations and impact investors to support local community wealth building, which the conference reflected in its usual range of sessions on the topics of leveraging faith-based institutions to support housing and communitydevelopment.
At the end of 2019, the California Public Banking Act (AB 857) opened the doors for local governments to establish public banks. Its about putting public dollars to work for public good and building stronger, more resilient communities in the process. Just months later, the pandemic brought the world to a standstill, slowing progress.
This feels like reparations work is throwing their energy around Black woman candidate, with a lot of nuance. It has been really beautiful to watch this local communitydevelop a choir. And develop a group called Mothers for Cease Fire. It is only a contradiction because of the current state of the US government.
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