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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. By contrast, according to the US SIF (Sustainable Investment Forum), the CDFI industry (including community development banks and credit unions) had $457.9

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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

Policies such as redlining , as highlighted in Richard Rothsteins The Color of Law , created entrenched housing inequities. The Launch of Limited Equity Cooperatives The LEC is a tool developed to extend access to homeownership to low- and moderate-income buyers. First, acquisition costs in high-demand areas can be expensive.

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A Political Roadmap to Social Housing: How Do We Win?

NonProfit Quarterly

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.

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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. 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.

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Limited Equity Housing Cooperatives: Why They’re a Solution for Our Times

NonProfit Quarterly

Members of a housing cooperative have joint control over the governance of common areas like green spaces and playgrounds, and in the US, owners of a share in a co-op are entitled to the same tax deductions as homeowners. Laws and regulations supporting LEHCs vary from state to state and country to country.

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The Next Generation of Mutualism

Stanford Social Innovation Review

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.

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How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

Our recent research shows that even when Black and White applicants have similar financial qualifications, Black prospective buyers face higher denial rates, highlighting why aggressive enforcement of antidiscrimination laws is so important. The most crucial asset that nonprofits can bring to the table is trust.