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Making Housing Affordable: How Government Can Finance Homes at Low Cost

NonProfit Quarterly

Fernando Martí: I think it’s really important for both our cities and our states and for the federal government to begin to look at housing as infrastructure—as part of what makes a city, or a region, work and work well. That’s what our federal government does. View the full webinar and read the full webinar transcript here.

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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

They were initially marketed to wealthier urbanites, who wanted the advantages of individual homeownership without all the responsibilities it entailed. By contrast, in market-rate co-ops, the sale price is uncapped. While LECs offer significant opportunities, nonprofit housing developers must navigate several significant challenges.

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The Next Generation of Mutualism

Stanford Social Innovation Review

When enough mutualist networks and organizations are active, you may even wind up with an ecosysteman abundance of shared resources, experience, social capital, and financing, both centralized and grassroots, all sustaining projects serving a wide variety of community needs. But they benefit from support.

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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. In fact, most co-op housing units are sold at the market rate. Buying housing as a group presents many advantages.

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

NonProfit Quarterly

An impact-first approach to investing requires [investors who are]willing to accept below-market-rate returns. Five years ago, BII launched a cohort-based approach to help organizations in other communities set up similar funds. Activating these funding streams will be challenging but not impossible.