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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. Between 2014 and 2022 alone, assets under management in the CDFI sector expanded more than sevenfold. billion in assets by 2022.

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How to Interrupt the Public Funds to Private Profits Pipeline: A California Story

NonProfit Quarterly

This happens daily when local governments park public funds in banks. Public funds amounting to billions of dollars are turned into private profits for services using your assets. The Peoples Money for the Peoples Needs What difference could a public bank make? It turns out, quite a lot. It turns out, quite a lot.

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From Impact Investing to “Impact-First” Investing—What Is the Field Learning?

NonProfit Quarterly

billion) in assets under management and a 30-year track record, isnt wrong per se. 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. Each fund is unique.

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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

One tool that is available to nonprofit housing developers to address this situation is the limited equity cooperative (LEC). The movement gained momentum with the support of government programs like Mitchell-Lama , which aimed to provide affordable housing through a public-private partnership.

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

NonProfit Quarterly

From Transit Organizing to the Pursuit of Community Ownership Today, Goodmon is part of a broader effort to build a solidarity economy throughout Crenshaw and the surrounding South Central Los Angeles region, all of which goes under the moniker of Liberty Ecosystem. in Boston, one of the nation’s earliest CLTs, and who now lives in Crenshaw.

Culture 71
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What’s Next for CDFIs? The Challenge and Opportunity of Place

NonProfit Quarterly

Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of community development financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.

Finance 105
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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

At the same time, many community development nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. There is, however, a way for nonprofits to gain greater access to “flexible” capital and for foundations to generate a financial return.