The NonProfit Times

NOVEMBER 18, 2024

Coastal Enterprises in Brunswick, Maine received $25 million, the Nonprofit Finance Fund was awarded $22 million, and Craft3 in Seattle announced it received $15 million. This is Scott’s second grant to LISC, one of the nation’s largest community development organizations.

Finance 93

Finance Retail Nonprofit Finance Health 93

NonProfit Quarterly

OCTOBER 31, 2024

Typically, a one-megawatt solar array can power at least 400 homes for a year at a cost of about $4 million—making this cost-prohibitive to most community developers. What are some practical strategies for building local capacity and breaking a colonial mindset around community energy production?

Energy 132

Energy Environmental Community Development Public Policy 132

NonProfit Quarterly

OCTOBER 16, 2023

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.” Two years ago, the Washington Post analyzed some $49.5 Yet even among CDFIs, the track record is highly imperfect.

Finance 137

Finance Leadership Associations Foundations 137

NonProfit Quarterly

MARCH 12, 2025

Unfortunately, far too often, elitesour local oligarchs, if you willuse fancy tools of municipal finance like tax increment financing to expense development costs onto taxpayers, even as they profit. What Is Tax Increment Financing? Community organizing, it turns out, paid off.

Public and Social Policy 68

Public and Social Policy Finance Community Development Construction 68

NonProfit Quarterly

JANUARY 15, 2025

But if the goal is to build a solidarity economy or foster a structural shift in the economy so that US business owners of color have the same ability to finance and develop thriving businesses as White business owners, then investor willingness to sacrifice some degree of financial return for social impact is required.

Public and Social Policy 105

Public and Social Policy Public and Nonprofit Management Nonprofit governance and management Public Policy 105

NonProfit Quarterly

FEBRUARY 12, 2025

Opportunities and Challenges LECs offer significant opportunities for community development practitioners and more importantly for low- and moderate-income households seeking to own a home. million in financing to purchase the land. ROC USA helped the BJH Co-op secure $5.25

Nonprofit governance and management 101

Nonprofit governance and management Manufacturing Governance Public and Nonprofit Management 101

NonProfit Quarterly

OCTOBER 28, 2024

Floating Doctors similarly offers mobile healthcare, education, and community development to underserved communities worldwide. Mercy Ships is not the only medical NGO that offers medical care by boat, but it is one the largest.

Medical 115

Medical Healthcare Nonprofit governance and management Health 115

NonProfit Quarterly

OCTOBER 16, 2024

Over the past decade, both secular building interests and dozens of churches and religious organizations have planned, financed, and constructed affordable housing and community development projects across the United States and Canada. The opportunity facing religious congregations is both practical and prophetic.

Community Development 129

Community Development Finance Production Governance 129

NonProfit Quarterly

FEBRUARY 5, 2025

When they do need financing, investors are denied mortgages at lower rates than individuals. Source: Reinvestment Fund Analysis of HMDA Data The net impact: Residents of Philadelphias majority Black and Latinx neighborhoods are highly disadvantaged in securing home mortgage financing compared to investor buyers.

Construction 72

Construction Public and Social Policy Finance Poverty 72

NonProfit Quarterly

SEPTEMBER 11, 2024

In 1979, I discovered financial cooperatives—namely, credit unions—and I joined the National Federation of Community Development Credit Unions in 1980. I led the organization, which is now called Inclusiv , from 1983 until 2012, when I joined the Consumer Finance Protection Bureau to set up their Office of Financial Empowerment.

Finance 125

Finance Insurance Community Development Poverty 125

NonProfit Quarterly

FEBRUARY 12, 2025

UPILF also partners with NEST , a community development organization that offers loans and financial education to first-time homeowners in underserved Connecticut communities. Through redlining , subprime mortgages, and predatory lending, US banks have helped perpetuate the racial wealth divide.

Education 108

Education Education Community Development Homelessness 108

NonProfit Quarterly

MAY 31, 2023

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta. Again, the pandemic provides an illustrative example.

Values 129

Values Poverty Nonprofit Administration and Development Finance 129

NonProfit Quarterly

DECEMBER 21, 2022

At a recent professional dinner, I struck up a fascinating conversation with a woman who has spent her legal career working in civil rights, housing, and community development. I once heard a CDFI leader remark that when the borrowers we need in the community don’t exist, we as CDFIs need to go out there and create them.

Finance 110

Finance Community Development Non-Profits Nonprofit governance and management 110

NonProfit Quarterly

JUNE 7, 2023

Coproduced by Partners for Rural Transformation , a coalition of six regional community development financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.

Poverty 118

Poverty Community Development Construction Finance 118

NonProfit Quarterly

NOVEMBER 26, 2024

Stage 3: Go Public Economic or community development…must replace a “thing focus” with a “people focus.” Beyond that, I would like to offer a simple refocusing of what we mean by economic or community development. Look to the people who live in the community that needs “development” and ask them what they need.

Public and Social Policy 121

Public and Social Policy Construction Law Community Development 121

NonProfit Quarterly

JANUARY 17, 2024

If you had asked me 20 years ago about public finance, I doubt I could have told you what a public bank was. How Finance Currently Reproduces the Racial Wealth Gap The racial wealth gap is as entrenched as ever—a chasm of earnings power, savings, and investment that threatens to leave behind another generation of Black and Latinx households.

Public and Social Policy 135

Public and Social Policy Finance Governance Disaster Relief 135

Ann Green

APRIL 7, 2015

Create community. Develop a community. Prior to Kimbia, Lori spent six years at The San Diego Foundation where she served as Director of Nonprofit Programs, developing education resources and tools for more than 250 local nonprofits. in Finance from Georgetown University. People want to support you.

Universities 188

Universities Finance Community Development Foundations 188

NonProfit Quarterly

FEBRUARY 15, 2023

And in so doing we are challenging the community development field to do better—by creating new tools to support truly equitable food-oriented development. Many large community development financial institutions , credit unions, and foundations present themselves as community-based food financing leaders.

Food 121

Food Finance Community Development Culture 121

NonProfit Quarterly

NOVEMBER 16, 2022

Last month, the Opportunity Finance Network (OFN), the nation’s leading community development financial institution (CDFI) trade association, held its first in-person national conference in three years in New York City. R on pexels. It’s our job somehow to graft a conscience on the capitalist.”. Is “more” enough? .

Finance 110

Finance Community Development Public and Social Policy Poverty 110

NonProfit Quarterly

JULY 17, 2024

The third piece is financing. So as folks have talked about, there’s predevelopment financing, acquisition, rehab or construction, and then the long-term permanent financing. “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.”

Finance 128

Finance Construction Management Education 128

NonProfit Quarterly

MAY 17, 2023

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

Poverty Community Development Finance Philanthropy 131

NonProfit Quarterly

APRIL 3, 2024

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. This is no small matter. This loss of affordability is related to other challenges that DC renters and the city have been facing.

Values 137

Values Public and Nonprofit Management Construction Finance 137

NonProfit Quarterly

FEBRUARY 7, 2024

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.

Manufacturing 115

Manufacturing Finance Nonprofit governance and management Law 115

NonProfit Quarterly

AUGUST 14, 2024

Building on their previous study , published in November 2023, Curt Lyon and Julie Menter from Transform Finance run the numbers in their latest report. Using the broadest possible definition, Transform Finance identified 53 investment funds that invest all or part of their capital in employee ownership. How much of that $8.4

Finance 110

Finance Non-Profits Nonprofit governance and management Management 110

NonProfit Leadership Alliance

MAY 23, 2024

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.

Public and Social Policy 232

Public and Social Policy Nonprofit Administration and Development Nonprofit governance and management Public and Nonprofit Management 232

NonProfit Quarterly

JANUARY 17, 2024

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. A Community Finance Solution While barriers to homeownership persist for households of color, these barriers are possible to overcome.

Finance 131

Finance Production Insurance Values 131

NonProfit Quarterly

NOVEMBER 29, 2023

Image credit: Drew Beamer on Unsplash For community development financial institutions (CDFIs), these are extraordinary times. At this year’s sector conference, organized by the Opportunity Finance Network (OFN), a sellout crowd of over 2,200 people participated and considered where CDFIs needed to go and what they needed to do.

Nonprofit Administration and Development 118

Nonprofit Administration and Development Nonprofit governance and management Finance Public and Nonprofit Management 118

NonProfit Quarterly

OCTOBER 9, 2024

That vision is reflected in what is known today as the Detroit Food Commons , a two-story, 34,000-square foot building that holds a 15,000-square-foot food co-op, offices for DBCFSN, a banquet hall for community events, and four commercial kitchens that local food business owners can rent. We did a lot of community engagement sessions.”

Food 134

Food Nonprofit governance and management Finance Governance 134

NonProfit Quarterly

JANUARY 10, 2024

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.

Non-Profits 124

Non-Profits Finance Collaborations Public and Nonprofit Management 124

NonProfit Quarterly

APRIL 10, 2024

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 community development and are creating the foundations for a local solidarity economy. After raising $4.5

Food 131

Food Community Development Medical Nonprofit governance and management 131

Stanford Social Innovation Review

MAY 17, 2023

Most practitioners working in community development have accepted this as the reality of impact investing: The harder you drive for social impact in disadvantaged communities, the farther away you get from unbuffered full market return.

Marketing 122

Marketing Marketing Nonprofit Administration and Development Nonprofit governance and management 122

NonProfit Quarterly

MAY 24, 2023

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.

Poverty 115

Poverty Agriculture Community Development Culture 115

NonProfit Quarterly

JUNE 21, 2023

The need to develop more childcare businesses is obvious, but how to build and sustain viable childcare businesses is not. the community development financial institution where I work, lends to families and businesses throughout the state of Maine. All are coached through the licensing process and learn how to secure financing.

Curriculum and Teaching 105

Curriculum and Teaching Finance Children Recruitment 105

NonProfit Quarterly

OCTOBER 24, 2023

In the 1930s and ’40s, banks and federal government officials redlined Summit Lake—a neighborhood named for its beautiful glacial lake—making it virtually impossible for anyone to qualify for a mortgage in the neighborhood or for any property owner, commercial or otherwise, to qualify for financing to make improvements.

Public and Social Policy 141

Public and Social Policy Construction Community Development Governance 141

Nonprofit Marketing Guide

MARCH 20, 2017

While working at a small loan fund in Chicago, she became interested in alternative community development financing approaches. Outside of work, Kallie enjoys exploring underestimated places, photographing the prairie and its people, reading, biking and, whenever possible, listening to podcasts.

Communication 107

Communication Finance Community Development Foundations 107

NonProfit Quarterly

JANUARY 25, 2023

A salient example is of organizations that are focused on community development but invest in mass incarceration. Investment committee members may come from traditional finance backgrounds and may not understand how or why to integrate impact into portfolio management.

Public and Social Policy 126

Public and Social Policy Nonprofit governance and management Public and Nonprofit Management Non-Profits 126

NonProfit Quarterly

JUNE 13, 2023

Aisha Benson , CEO of the Nonprofit Finance Fund , emphasized the long-term impact of redlining , a policy of legalized housing lending discrimination backed by the federal government from the 1930s until the passage of the Fair Housing Act of 1968. The potential structure and uses of concessionary capital are clear.

Finance 105

Finance Homelessness Healthcare Foundations 105