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Kataly Foundation and Bank of America Commit $84 Million for Community-Development Fund

The Chronicle of Philanthropy

Prest Getty Images A commitment by Kataly Foundation and Bank of America is supporting the Inclusiv Impact Deposits Fund to enable $100 million in lending through community-development credit unions.

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MacKenzie Scott Gives $65 Million to National Community Development Group

The Chronicle of Philanthropy

This is the second donation the billionaire novelist has given Local Initiatives Support Corporation, following her initial $40 million gift in 2020.

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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. That was part of the problem.

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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 ). Photo courtesy of CCDC.

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Square Financial Services Launches Grant Initiative to Drive Community Development in Utah

NonProfit PRO

Square Financial Services opened applications for the 24 Squared grant initiative in partnership with the Community Foundation of Utah.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

At the same time, many community development nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. From inception, the pool was centered on community development financing activities and emphasized racial, gender, and economic equity.

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New Blueprint for Financing Community Development

Stanford Social Innovation Review

Andrews & Rebecca Steinitz The traditional model of community development finance is limited by market conservatism and a focus on scale, rather than local control. We need a new paradigm that prioritizes impact over scale, emphasizes flexible and creative financing strategies, and empowers community voice.