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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

While many foundations screen their endowment investments based on environmental, social, and governance factors, only a few optimize their investment strategies for mission impact. While common in some sectors like housing finance, these guarantees have typically been issued by public entities, not by philanthropy.

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Making Policy Work for Rural Communities: The Value of Community Voice

NonProfit Quarterly

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.

Values 130
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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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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. What can I do?

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Community Ownership of Real Estate: A Los Angeles Story

NonProfit Quarterly

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 111
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Building Public Support for Employee Ownership: Lessons from Colorado

NonProfit Quarterly

Given this recent investment in outreach and education efforts, coupled with heightened interest from local governments, we expect to see many more employee-owned businesses statewide in the next five years. For example, to secure loans to finance employee-ownership conversions, personal loan guarantees are often required.

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Making Food Systems Work for People of Color: Six Action Steps

NonProfit Quarterly

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 122