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Community Ownership of Real Estate: A Los Angeles Story

NonProfit Quarterly

At a recent professional dinner, I struck up a fascinating conversation with a woman who has spent her legal career working in civil rights, housing, and community development. I once heard a CDFI leader remark that when the borrowers we need in the community don’t exist, we as CDFIs need to go out there and create them.

Finance 98
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A Primer for Incubating Child Care Businesses

NonProfit Quarterly

The need to develop more childcare businesses is obvious, but how to build and sustain viable childcare businesses is not. the community development financial institution where I work, lends to families and businesses throughout the state of Maine. Recruiting a cohort is tricky. What can be done to address this gap?

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Connecting Faith Institutions to Capital

NonProfit Quarterly

Aisha Benson , CEO of the Nonprofit Finance Fund , emphasized the long-term impact of redlining , a policy of legalized housing lending discrimination backed by the federal government from the 1930s until the passage of the Fair Housing Act of 1968. The potential structure and uses of concessionary capital are clear.

Finance 86
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From Scarcity to Inspiration: Rethinking the Value of Nonprofit Facilities

NonProfit Quarterly

For years, I have directed IFF , a community development financial institution that specializes in nonprofit facilities lending. A Hierarchy of Nonprofit Facilities’ Needs After 30 years in community development, I have come to think of nonprofit facilities as existing on a continuum of need.

Values 108
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Setting a Co-op Table for Food Justice in Louisville

NonProfit Quarterly

A young nonprofit, LACE is also learning to navigate private philanthropy, public funding, and public/private financing, as well as governance and operational matters. To facilitate volunteer recruitment, they developed a series of helpful tasks suitable for recurrent or one-off participation. Notes See also L. Halliday and M.

Food 105
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Industry Founders Challenge CDFIs to Embrace a More Expansive Vision

NonProfit Quarterly

Image credit: Drew Beamer on Unsplash For community development financial institutions (CDFIs), these are extraordinary times. At this year’s sector conference, organized by the Opportunity Finance Network (OFN), a sellout crowd of over 2,200 people participated and considered where CDFIs needed to go and what they needed to do.

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Lessons from Lynn: Leveraging Savings Circles, the “Cuchubal Initiative”

NonProfit Quarterly

In response, our two groups—the Latino Support Network , a local community development corporation, and Grassroots Finance Action , a consortium of savings group experts—decided to test whether, with a small financial investment, the reach of these savings circles could be extended to immigrants in Lynn more broadly.

Finance 102