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Before releasing the report, in October 2024, Impact Experience convened over 30 representatives from movement organizations, impact investing firms, and environmental justice groups to share best practices, promote collaboration, and cultivate a community focused on utilizing financial systems as tools for systemic change.
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.
While many foundations screen their endowment investments based on environmental, social, and governance factors, only a few optimize their investment strategies for mission impact. From inception, the pool was centered on communitydevelopment financing activities and emphasized racial, gender, and economic equity.
generate social or environmental returnor doing wellthat is: make a financial return. There are indeed many investments where social or environmental goals dont harm earnings (and, arguably, even improve earnings). As one firm states , investors do not have to choose between doing goodi.e.
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. Civil rights, queer rights, Indigenous sovereignty, environmental justice, and organized labor movements have all long demanded secure, permanently affordable, and decommodified housing.
The report, Connect to Build: Frontline Organization and Federal Infrastructure Funding Opportunities , profiled community groups in many parts of the country, including Memphis, Atlanta, Los Angeles, and the San Francisco Bay Area. Learning from Community Groups So, what are we learning?
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 My first thought was, ‘Here we go. A bunch of professionals are coming in to tell us what they are going to do,’” said Saulsberry.
Through collaborative action, Mothers Out Front East Boston is fighting for the right to breathe clean air and live and work in a community that is safe and healthy. We are demanding equal protection and equal enforcement of environmental laws and regulations. We also need our government agencies to protect us.
We continued to fight against the site and citing environmental burdens while also looking forward to how we bring renewable energy to the community.” We continued to fight against the site and citing environmental burdens while also looking forward to how we bring renewable energy to the community.” says Yeampierre.
Our organization, Enterprise Community Partners, was purpose-built more than four decades ago to provide those community organizations with capital, knowledge, advocacy, and know-how to undergird the affordable housing system. This system has had success in ensuring housing solutions are community-driven and community-led.
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.”
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. Another example is the Illinois Climate Bank.
Local government wins because properties are back in productive use, generating taxes. The community wins because there is now permanently affordable housing that can forestall gentrification. While these objectives differ, there is a clear overlap of priorities and opportunities to advance shared equitable communitydevelopment goals.
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.
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.
By Tiffany Manuel & Dana Bourland What if government, the philanthropic sector, and community advocates could pull a policy lever and advance housing, climate, and racial justice all at once? Why are appraisals of homes in majority Black and brown communities almost always lower than those in majority white communities?
In the US, the federal government is already compensating Indigenous tribes to relocate. The local government claims that clay extraction pits dug by the kumars have stripped the riverbanks of its sturdy top layer of soil, leaving them more susceptible to the erosion caused by climate change.
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 drug epidemic has devastated our most poverty-stricken communities. If not, why not?
Among their recommendations: Commit capital early Support fund managers of color in an industry where people of color are vastly underrepresented , with a 2024 Harvard Study finding that White males oversee an astonishing 98.6 percent of total assets under management.
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.
Additionally, Duranti-Martinez points out, “Community ownership also means that the people most impacted by racial, economic, and environmental injustice have meaningful decision-making power over development” (7). Annual commercial rent increases can range from seven to 26 percent across the country” (5).
The first Community Land Trust was and is in southwest Georgia, Albany, Georgia, founded in 1969 called New Communities Inc. But that was a group of African American families who came together to own, co-govern, control land resources and have an agricultural cooperative and really come together to self-determine.
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?
There is widespread apprehension about the accumulation of complex societal and environmental issues. Philanthropic and development organizations too often find themselves falling behind in a relentless and exhausting race to catch up. I4HC is communitydevelopment that is grounded in an explicit development focus on healthy context.
Legal justice, environmental justice, racial and social justice. 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. Credit: Zoe Urness (Tlingit Alaskan Native and Cherokee).
Policymakers and advocates say: Government must expedite the redevelopment of underutilized church property for affordable housing. Churches should partner with developers and repurpose these properties. Data analysts say: Accelerating church closures are evidence that US Christianity is dying.
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.
Every day, after educating them about the dangers of lead poisoning, I sent families back to homes full of lead paint, because at the time, our public health response did not include necessary environmental changes, like home repairs. One HEZ lead is a community health center with multiple sites.
Rural communities, already with access to fewer resources , are experiencing increased climate disasters like tornadoes, hurricanes, wildfires, and floods. Of that total, the United States Environmental Protection Agency found that a minuscule 0.73 million) was specifically directed to rural communities. percent ($9.7
In 1935, the Social Security Act, introduced by the administration of President Franklin Delano Roosevelt, established an idea that expressed the value that (some) Americans deserve a government that will not allow them to slide into poverty if they fall on hard times, become ill, and/or age out of the workforce.
How can communitydevelopment promote inclusive growth, while avoiding displacement? An emerging communitydevelopment tool, known as a perpetual purpose trust (sometimes referred to as a PPT), seeks to address that challenge. A strip of property on Kensington Street in Philadelphia, owned by Kensington Corridor Trust.
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