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What Is a Community Development Corporation?

NonProfit Quarterly

Image credit: coffeekai on istock.com Community is one of humanity’s great achievements. Yet community development corporations , a $28 billion sector of over 6,200 nonprofits that support local community economic development, are largely invisible in the national conversation.

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Impact Investing Can’t Deliver by Chasing Market Returns

Stanford Social Innovation Review

By Jim Bildner In 2012, more than a decade ago, in response to a growing wave of impact investing obsession, Kevin Starr warned that impact investing was doomed to fail: “Few solutions that meet the fundamental needs of the poor will get you your money back,” he observed, and “overcoming market failure requires subsidy.”

Marketing 110
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Black Organizers in Boston’s Roxbury Neighborhood Provide a Path Forward

NonProfit Quarterly

Image credit: Drew Katz Black Bostonian communities citywide have more than just something to say for themselves: their economies are building institutions that prioritize asset-based community development and are creating the foundations for a local solidarity economy. That’s our strength.”

Food 108
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How to Close the Racial Homeownership Gap

NonProfit Quarterly

One driver of this ongoing inequality is the current federal system of financing, which largely depends on two government-sponsored enterprises (GSEs)— Fannie Mae and Freddie Mac. Other structural barriers lower the home’s value from the start—limiting opportunities to grow generational wealth. This is known as the secondary market.

Finance 114
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Economic Justice: Nonprofit Leaders Speak Out

NonProfit Quarterly

Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. Black Lives Matter or Pride Month marketing campaigns might lead us to believe these movements are attracting all the funding they need, but they are not. If not, why not?

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How Land Banks and Community Land Trusts Can Partner for Racial Justice

NonProfit Quarterly

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 community development goals.

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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , the authors highlight efforts to address multigenerational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.

Poverty 117