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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.
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. Michael McCray: I was born into communitydevelopment finance. Why is this?
Image credit: Yuet Lam-Tsang Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” W hat would a nonprofit sector that pursued economic justice look like? The other five work for nonprofit intermediary organizations. Two of them—Dr.
Mississippi has a rich culture, but for generations, its Black communities have experienced health inequities intertwined with discrimination, poverty, and racial exclusion. MEGA’s efforts have expanded to include youth leadership and mentorship, community engagement, and health education.
My whole trajectory through the nonprofit sector and analysis of race and power comes from working with those organizations and having the reality of that work hit up against the visions for liberation that I had. There was a lot of administrative work, but then I also got to sit in on some of the meetings. I kept thinking, yes!
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. East Boston is a historically working-class, immigrant neighborhood. We also need our government agencies to protect us.
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
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.
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.
“RULER OF THE EARTH” BY YUET-LAM TSANG Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” How do social movements come to make the language of economic systems change their own? Nonprofits often play quasi-governmental roles.
Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of communitydevelopment financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.
Image credit: AmnajKhetsamtip on iStock Communitydevelopment financial institutions (CDFIs) have emerged as pivotal players in bridging financial gaps in underserved communities. They often operate as nonprofit loan funds, credit unions, or community-focused banks.
Image Credit: edgeeffectmedia.com on unsplash.com Leah Rothstein has been a consultant to nonprofit housing developers, local government, and private firms. We interviewed housing policy experts, fair housing experts, and communitydevelopment experts. This is a process that is required by the Fair Housing Act.
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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