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What Does Finance for the People Look Like?

NonProfit Quarterly

Public bankscreated by governments and chartered to serve the public interestoffer a powerful model to advance racial equity, public accountability, and community self-determination. Community banks are too small to absorb billions of dollars in municipal deposits. But meaningful transformation requires changing state law.

Finance 136
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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 ).

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Impact over Equity: How the Feds Reinforced Inequality in Community Finance

NonProfit Quarterly

Cliff Rosenthal was the executive director of the National Federation of Community Development Credit Unions (now called Inclusiv ) from 1983 until 2012. The federation is a national association of credit unions largely run and owned by people of color serving low-income and primarily BIPOC communities.

Finance 113
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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

Policies such as redlining , as highlighted in Richard Rothsteins The Color of Law , created entrenched housing inequities. 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.

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Can Compassionate Lending Bridge the Racial Wealth Divide?

NonProfit Quarterly

Originating in Eastern Europe centuries ago, these programs helped Jewish communities overcome financial hardship without the burden of interest, which is prohibited by Orthodox Jewish law within Jewish communities. Pastor Barnwell says the partnership has as its greatest strengthsflexibility and efficiency.

Education 109
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How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

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.

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The Playbook: How to Organize and Stop Megaprojects

NonProfit Quarterly

Expansion of the surveillance state : The Olympics—as law professor Anne Toomey McKenna notes —are a venue famous (or infamous) for “pervasive and persistent surveillance before, during, and after the Games.” Stage 3: Go Public Economic or community development…must replace a “thing focus” with a “people focus.”