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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. Adding to this complexity, many guarantors lack systems, policies, and procedures to manage guarantees.

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Limited Equity Housing Cooperatives: Why They’re a Solution for Our Times

NonProfit Quarterly

Housing co-ops have a board of directors composed of member-residents which is responsible for overseeing the management of the property and planning for future renovations, much like a homeowner association. In the United States, when the size of a LEHC is above 20 units, it usually requires a professional management company.

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Four Keys to Creating a Local Tenant Homeownership Policy Ecosystem

NonProfit Quarterly

“We’re so concerned…with saving the property in the first place that we often forget we need long-term support for building management and sustainability.” So as folks have talked about, there’s predevelopment financing, acquisition, rehab or construction, and then the long-term permanent financing. The third piece is financing.

Finance 128
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How to Preserve Existing Affordable Housing: The Value of Human Scale

NonProfit Quarterly

For new construction, larger buildings can result in smaller per-unit costs. In Washington, DC, the city’s Department of Housing and Community Development reports that 18,300 units of affordable housing of this kind became unaffordable between 2006 and 2017. units per building between 1987 and 1994 to 80.3

Values 137
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A Social Movement Requires Momentum

Stanford Social Innovation Review

This speaks directly to the central paradox: While the traditional approach to money management is part of the problem in philanthropy and impact investing, chosen strategies have also played an outsized role in where we are. What if DAFs and foundations relied on fund allocators and managers who are proximate to communities and their issues?

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Building Social Housing from the Ground Up: Grassroots Perspectives

NonProfit Quarterly

Resident associations, tenant unions, and surrounding communities play key roles in managing it and, in some cases, developing it. It can create secure, well-paying construction and repair jobs and ensure that housing is green, energy-efficient, and more resilient to climate disasters.

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How Philanthropy Can Show Up for an Arts Solidarity Economy

NonProfit Quarterly

As Eliya Imtiaz, former managing editor of the “Michigan in Color” section of the Michigan Daily , put it last year, “Similar to most ideals in this country, the current notion of DEI heightens the façade that everything occurs on an individual level.” Artists are essential to any vision that calls the future into question.