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Community Development Must Center Power Building: A San Francisco Story

NonProfit Quarterly

Image credit: Matt Briney on unsplash.com This is the second article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America, coproduced with the National Coalition for Asian Pacific American Community Development ( National CAPACD ).

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Community Finance Alliance Launches Racial Equity Scorecard

NonProfit Quarterly

Community development financial institutions (CDFIs) have a mission to counter redlining and support lending in low-income and BIPOC communities. They should be more creative in how they finance projects.” At present, the association consists of 76 CDFI members. Two years ago, the Washington Post analyzed some $49.5

Finance 137
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Busting the Overhead Myth

NonProfit Leadership Alliance

Unfortunately for the nonprofit sector, higher overhead costs are correlated to an organization being irresponsible with its finances, ineffective, unable to carry out its mission, and even unethical. For many organizations, capacity building would fall into the “overhead” category.

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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 131
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How Resident-Owned Communities Can Create Mass Affordable Homeownership

NonProfit Quarterly

However, this also means that residents contribute very little equity to reduce financing costs. As a result, financing costs can run as much as 110 percent of the purchase price. ROC USA can make this work because it can extend financing via its community development financial institution (CDFI) subsidiary.

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Getting Federal Money to Communities: A Story from Puerto Rico

NonProfit Quarterly

Image credit: Christian Ouellet on istock.com Financing challenges often stymie nonprofits. The lack of access to financing [meant that the grant] nearly destroyed the organization. An ally had reached out separately to Seed Commons , a cooperative network of funds that finance worker cooperatives across the United States.

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How to Close the Racial Homeownership Gap

NonProfit Quarterly

According to the National Association of Realtors , as of March 2023, while 72.7 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. percent and for Asian Americans 62.8 percent).

Finance 131