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Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 communitydevelopment 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 communitydevelopment banks and credit unions) had $457.9
This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. Public funding programs often include conditions that exceed the capabilities of high-poverty areas, such as requiring matching funds that these areas do not have. A different approach that centers community voice is sorely needed.
In our 2023 study, our researchers found that the four lowest-cost market categories had median sale prices ranging from $45,000 to $154,000compared to a city median of about $250,000and above-average poverty rates ranging from 23 to 49 percent in a city with the unfortunate distinction of being the poorest big city.
Image credit: TuiPhotoengineer on istock.com This is the fifth and final article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America , coproduced with the National Coalition for Asian Pacific American CommunityDevelopment ( National CAPACD ).
From the roots of racial capitalism to the psychic toll of poverty, from resource wars to popular uprisings, the interviews in this column focus on how to write about the myriad causes of oppression and the organized desire for a better world. It is often cheaper working with a local community bank than a national CDFI loan fund.
A Government of National Unity As a response to the dwindling support, the ANC agreed to form a coalition government. So, what should we expect from President Cyril Ramaphosa’s Government of National Unity? percent of the country’s 63 million people living in poverty, gross domestic product growth that slowed to 0.6
Often, the very same nonprofit that is advocating for social justice policy may pay its own workers poverty-level wages. Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. The other five work for nonprofit intermediary organizations. If not, why not?
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 Ongoing neglect and isolation led to entrenched, concentrated poverty and a growing distrust of civic leaders. My first thought was, ‘Here we go.
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.”
we all know nonprofits rely on a combination of government grants, philanthropic donations, and earned income to support their operations. BIPOC communities are disproportionately impacted by social inequality, with higher rates of poverty and unemployment.
Mississippi has a rich culture, but for generations, its Black communities have experienced health inequities intertwined with discrimination, poverty, and racial exclusion.
Fifty percent of its residents were born outside of the US and identify as Latino/a ; about half of all families in the neighborhood live below the official poverty line. We also need our government agencies to protect us. East Boston is a historically working-class, immigrant neighborhood.
And we knew that poverty and racism were deeply entrenched, and that takes more than three years. 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. We would hope and expect that nonprofits are reducing poverty and reducing inequality.
In the series, urban and rural grassroots leaders from across the United States share how their communities are developing and implementing strategies—grounded in local places, cultures, and histories—to shift power and achieve systemic change. Black excellence abounds here. But the initiative is not just a funder.
Without access to quality childcare, many parents cannot work full time and become trapped in a cycle of poverty. The need to develop more childcare businesses is obvious, but how to build and sustain viable childcare businesses is not. What can be done to address this gap? Coastal Enterprises, Inc.,
Business leaders, community organizers, and local policymakers in these places have attempted to replicate the success of Silicon Valley by attracting venture capital, creating business incubators and accelerators, and building an entrepreneurial ecosystem. Yet, these attempts have not significantly reverted economic decline.
For instance, the Anchorage Community Land Trust , which began in 2003 and is the oldest example reviewed in the report, acquired land in a BIPOC neighborhood that had a 25.1 percent poverty rate (as of 2001). Seeded with an initial $5 million grant from a local foundation, the land trust acquired nine parcels between 2005 and 2011.
Image Credit: AndreyPopov on iStock The seeds of a financial system that works for the public are already all around us, from credit unions and loan funds to community bonds and Green Banks. A recent report by the Office of the State Comptroller found that Rochester has the fifth-highest child poverty rate of any US city.
This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. For decades, communitydevelopment financial institutions have delivered capital into communities and regions that otherwise suffer from disinvestment. This is true in urban areas and, critically, rural communities.
This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. In America’s rural areas of deep poverty, over 60 percent of the residents are BIPOC. However, in America’s rural areas of deep poverty, over 60 percent of the residents are BIPOC. This disproportionality demands systemic solutions.
Cliff Rosenthal was the executive director of the National Federation of CommunityDevelopment Credit Unions (now called Inclusiv ) from 1983 until 2012. The federation is a national association of credit unions largely run and owned by people of color serving low-income and primarily BIPOC communities. I did not expect to lose.
The interview that follows explores the history of the Clayborn Temple, the project to restore it, and the vision of Troutman and her colleagues to use the temple as a hub for developing a community-based economy in Memphis that i s Black-owned, Black-governed, and which sustains a thriving culture rooted in the Black imagination.
The false belief that a person can leverage hard work and talent to pull themselves and their family out of poverty should they only try is a pervasive story that has shaped our culture and laws. In 1996, when the law was enacted, 68 percent of families with children living in poverty received welfare; in 2019, it was 19.5
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.
Public health professionals and communitydevelopers—along with community activists—were having “aha” moments about the linkage between social determinants of health and terrible, systemic health outcomes for people of color and those living on low incomes. One HEZ lead is a community health center with multiple sites.
Last month, the Opportunity Finance Network (OFN), the nation’s leading communitydevelopment financial institution (CDFI) trade association, held its first in-person national conference in three years in New York City. In other words, is the phrase a call for government—and corporate donors and foundations—to invest in CDFIs?
Rural communities, already with access to fewer resources , are experiencing increased climate disasters like tornadoes, hurricanes, wildfires, and floods. A racial equity portfolio that fails to factor in the effects of the climate change crisis is missing a critical opportunity to help build more prepared and resilient rural communities.
Are poverty wages less miserable because your boss is Black? The unions that emerged during this time were the major institutions that shaped the struggle for economic equality by pressuring corporations and the government for better wages and social welfare. Is substandard housing less dangerous because your landlord is Black?
CRH’s salvation eventually came in the form of a collaborative approach, pivoting toward a combination of emergency funding provided by a small family foundation; a nonprofit, non-extractive loan fund; a third-party investment firm; and a coalition of Latinx communitydevelopment financial institutions (CDFIs).
By Vurayayi Pugeni , Caroline Pugeni & Dan Maxson International communitydevelopment has changed significantly over its history, shifting from primarily responding to disaster events to improving communities using a sectoral approach to issues like health, agriculture, and water and sanitation.
Image Credit: Roger Bradshaw on Unsplash This years Just Economy Conference of 1,300 communitydevelopment advocates, held by the National Community Reinvestment Coalition (NCRC) was unlike any other. It is, nonetheless, one of the most grassroots-oriented conferences held in Washington, DCand has been for decades.
While the title of the book might belie the scope of inquiry, Dunning makes the case that using nonprofits as a “tool for addressing urban problems” has led to a form of “urban governance” that uses private organizations to fulfill public, democratic rights. Dunning smartly points out that this approach turned rights into privilege.
Image credit: AmnajKhetsamtip on iStock Communitydevelopment financial institutions (CDFIs) have emerged as pivotal players in bridging financial gaps in underserved communities. They may be aware of informal local support networks, upcoming economic developments, or cultural nuances that inform lending decisions.
Robust research demonstrates that high-quality housing in a thriving community is associated with improved physical and mental health, educational and developmental outcomes for children, and financial security and economic mobility for families.
Image Credit: edgeeffectmedia.com on unsplash.com Leah Rothstein has been a consultant to nonprofit housing developers, local government, and private firms. Leah Rothstein: My father, Richard Rothstein, wrote The Color of Law in 2017, a book that basically debunked the myth about why our communities are racially segregated.
From the roots of racial capitalism to the psychic toll of poverty, from resource wars to popular uprisings, the interviews in this column focus on how to write about the myriad causes of oppression and the organized desire for a better world. It has been really beautiful to watch this local communitydevelop a choir.
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