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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
At the same time, many communitydevelopment nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. And guarantees are much less common in other fields, such as community-focused renewable energy.
The solar developer builds clean-energy projects that help communities acquire long-term wealth and energy assets through impact investing, technical support, and project financing. This type of community-owned solar will be the first of its kind in Brooklyn.” How will Sunset Park Solar work? says Yeampierre.
Image Credit: Wilson Vitorino on pexels.com Rural America is primarily powered by electric cooperatives , which have tripled their renewable energy capacity over the last decade. Nigeria’s rural electrification expansion can teach the US the importance of meeting communities where they are as we move away from our dependence on fossil fuels.
Key economic strategies for doing so include repurposing and updating existing tax credits, loan strategies, and market proposals: CommunityDevelopment Financial Institutions (CDFIs) are now used for supporting local community business activity and cooperatives.
An investment portfolio that limits energy investments to renewables, for example, may well outperform a portfolio that includes fossil fuel firms; holding on to fossil fuel stocks is arguably riskier. This analysis, offered by Triodos , a firm with over $6 billion (5.9 Activating these funding streams will be challenging but not impossible.
Opportunities and Challenges LECs offer significant opportunities for communitydevelopment practitioners and more importantly for low- and moderate-income households seeking to own a home. Additionally, many jurisdictions have extended a right to first refusal specifically to residents in manufactured housing communities.
The result of their work is more places for people to gather and experience nature, increased social cohesion, restored civic trust, and perhaps most importantly, communitydevelopment that benefits all residents. In Akron, more than 20 public, nonprofit, and community groups came together to form the Civic Commons team.
In Washington, DC, the city’s Department of Housing and CommunityDevelopment reports that 18,300 units of affordable housing of this kind became unaffordable between 2006 and 2017. This is no small matter. This loss of affordability is related to other challenges that DC renters and the city have been facing.
Image credit: Drew Katz Black Bostonian communities citywide have more than just something to say for themselves: their economies are building institutions that prioritize asset-based communitydevelopment and are creating the foundations for a local solidarity economy.
The animating principle of Kresge’s Arts & Culture Program is equitable Creative Placemaking, which elevates arts, culture, and community-engaged design as central elements of communitydevelopment and planning. Areas served: US. Knight Foundation. Areas served: Tennessee (*specific counties only – listed on website).
Not only is this operation more energy efficient than municipal composting, but it also deepens relationships within the neighborhood. Photo courtesy of Daniel Tran. Since the beginning of their compost operations, R2G has donated over 4,000 pounds of compost to more than 50 elder Asian gardeners.
Temple ) and a communitydevelopment financial institution ( Communities Unlimited ) are teaming to develop bottom-up structural solutions to building rural capacity. When we talk about economic development in East Texas, we often like to start with a the figure below, which comes from a T.L.L.
Connie Binkowitz, director of development and external policy at CTC, described how, in 2020, the organization received a grant from the Memphis Division of Housing and CommunityDevelopment (DHCD). This grant came out of a program supported by federal CommunityDevelopment Block Grant (CDBG) dollars.
I served as the Program Director for communitydevelopment and microenterprise development at MIFA. For seven years, I served as the Senior Program Officer for a financial intermediary providing grant making, technical assistance, and training for communitydevelopment corporations, and grassroots organizations.
Nonprofit organizations play a pivotal role in addressing societal issues, providing essential services, advocacy, and support to those in need, and fostering communitydevelopment. Pass the baton to those who are truly committed to take the reins and drive the organization forward with the energy and passion it deserves.
3) Communications Coordinator , The Immunization Partnership (Houston, TX). 6) Manager, CommunityDevelopment , Arthritis Foundation (Philadelphia, PA). 7) Marketing and Sales Intern and Media and Communications Intern. California Center for Sustainable Energy (San Diego, CA). Website Manager. or Chicago, IL).
million) enables peer learning and collaboration among more than 100 affordable housing and communitydevelopment leaders. International Rivers – Berkeley, California ($750,000) opposes destructive dams in critical conservation regions and offers feasible alternatives to meet energy and water needs.
It can create secure, well-paying construction and repair jobs and ensure that housing is green, energy-efficient, and more resilient to climate disasters. Social housing campaigns look different in different communities.
The pilot also showed the importance of building staff capacity, which can look like hiring from and developing leadership in impacted communities. Water affordability intersects with energy and housing justice as water shutoffs have led to children being separated from their families and people becoming unhoused.
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.”
As expected, sales have slowed as the opening energy dissipates, but they remain above projections. For the first five weeks, notes Talley, sales averaged over $110,000. At one point, the co-op had 38 employees to cover the rush, up from 27.
Mission: To help eradicate extreme poverty through communitydevelopment projects in urban sanitation, water filtration, health, alternative energy, and economic empowerment. Mission: To promote the right to education and to preserve the environment and cultural heritage of Brazil. Grassroots Pakistan ● grassrootspakistan.ngo.
By Greg Fine – a marketing consultant that works to elevate nonprofit marketing impact, revitalize giving campaigns, and bring energy and awareness to nonprofit brands and their mission. Significant contributions went towards advocacy, legal support, and communitydevelopment.
The diffusion of new and innovative models of community-owned commercial real estate is enhancing resident power and self-determination. My home city of Chicago also has a deep history of resistance, incredible community organizing, and creative energy—most recently reflected in the election this year of movement-backed mayor Brandon Johnson.
For example, Limpopo returned over US $6 million in unspent grants —money earmarked for communitydevelopment—back to the Treasury from 2022 to 2023. This support comes despite the fact that their ANC-led governments have been largely ineffective.
Image Credit: PeopleImages on iStock The view from the trenches in frontline BIPOC communities fighting for resources is hopeful, though sobering: there has been a boom in energy and interest since the passage of the Inflation Reduction Act (IRA) in 2022. Distributed solar comes at a high price, however.
Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. Notes Akilah Watkins-Butler, “CommunityDevelopment Is Crucial in This Moment,” Shelterforce , March 27, 2020, shelterforce.org/2020/03/27/community-development-is-crucial-in-this-moment.
Bush threatened energydevelopment in the Badger Two Medicine region of Montana. I have also taught business classes and mentored business owners on a volunteer basis through Montana West Economic Development, Lake County CommunityDevelopment, Flathead Valley Community College, and Confederated Salish & Kootenai tribal services.
Massive investments in climate solutions such as carbon markets, CO2 sequestration, and energy alternatives had no material effect on slowing global warming. Climate change as an undesirable side-effect of the fantastic innovation of using fossil fuels for energy is an example. The problem has gotten worse.”
These new laws channeled philanthropic assets into municipal bonds and communitydevelopment loan funds, which stabilized local municipalities. The passage of the THRIVE Act prioritized renewable, environmentally sound, ethically sourced energy production, from development to deployment.
Image credit: Drew Beamer on Unsplash For communitydevelopment financial institutions (CDFIs), these are extraordinary times. Special attention was placed on the Greenhouse Gas Reduction Fund , a $27 billion clean-energy loan fund created by last year’s Inflation Reduction Act. [Today] CDFI assets total $457.9
Can this movement energy coalesce into a cohesive vision? 4 We see, too, movement energy in the organizing at Amazon, at the over 200 Starbucks branches that have unionized, in the new vigor behind the pursuit of worker cooperatives and community land trusts. Can this movement energy coalesce into a cohesive vision?
It was a smaller autonomous school called the School of Social Justice and CommunityDevelopment. How do you balance the need to keep the energy up at the Staten Island facility, even as time and resources are employed to help organize union locals elsewhere? As he detailed, “I was in the process of organizing a school.”
For example, Brooklyn-based nonprofit UPROSE is helping to bring local residents sustainable clean energy and is creating equitable frameworks for wind energydevelopment in the area. The people most impacted by the climate crisis generate some of the most innovative and transformative solutions, born out of their lived reality.
Projects like Los Angeles for All point toward collective governance, working with the current system in order to transform it to center the needs of the community. Over the 20-year history of the USFWC, we have invested increasing energy in training leaders from the worker co-op ecosystem to be ambassadors outside of it.
And I always like to point this out because I think mental health is extremely important, especially as the fact that you’re dealing with populations who might be they’re doing one of the most vulnerable parts of their lives, or maybe there’s a cause that is really, really necessary to focus on and requires all your mental energy.
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.
PBEB has recruited a board of directors (subject to regulatory approval) of banking experts, elected officials from participating jurisdictions, and subject matter experts on issues like clean energy and affordable housing. Instead, public banks partner with local banks to expand community-driven impacts.
By partnering with communitydevelopment financial institutions (CDFIs)mission-driven lenders focused on underserved communitiesand community banks, BND channels taxpayer dollars back to the neighborhoods theyre meant to uplift, not into shareholders pockets. percent return on investment in 2023.
This feels like reparations work is throwing their energy around Black woman candidate, with a lot of nuance. It has been really beautiful to watch this local communitydevelop a choir. And develop a group called Mothers for Cease Fire. I have been really moved to see that work. I’m based in Durham, NC, now.
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