Remove Community Development Remove Finance Remove Poverty
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What’s Next for Community Development Finance?

NonProfit Quarterly

Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 community development 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 community development banks and credit unions) had $457.9

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

NonProfit Quarterly

This article is the second in the series Eradicating Rural Poverty: The Power of Cooperation. Public funding programs often include conditions that exceed the capabilities of high-poverty areas, such as requiring matching funds that these areas do not have. A different approach that centers community voice is sorely needed.

Values 130
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How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

In our 2023 study, our researchers found that the four lowest-cost market categories had median sale prices ranging from $45,000 to $154,000compared to a city median of about $250,000and above-average poverty rates ranging from 23 to 49 percent in a city with the unfortunate distinction of being the poorest big city.

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Housing Innovation in Rural America

NonProfit Quarterly

This article concludes the series : Eradicating Rural Poverty: The Power of Cooperation. Fortunately, a new approach to rural housing that pairs a flexible form of modular housing with community-based finance shows considerable promise. Studies show that secure housing is critical to reducing generational poverty.

Poverty 119
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Credit Unions, Race, and Equity: A Conversation with Michael McCray and Cliff Rosenthal

NonProfit Quarterly

From the roots of racial capitalism to the psychic toll of poverty, from resource wars to popular uprisings, the interviews in this column focus on how to write about the myriad causes of oppression and the organized desire for a better world. Michael McCray: I was born into community development finance. Why is this?

Insurance 126
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A Primer for Incubating Child Care Businesses

NonProfit Quarterly

Without access to quality childcare, many parents cannot work full time and become trapped in a cycle of poverty. The need to develop more childcare businesses is obvious, but how to build and sustain viable childcare businesses is not. All are coached through the licensing process and learn how to secure financing.

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Economic Justice: Nonprofit Leaders Speak Out

NonProfit Quarterly

Often, the very same nonprofit that is advocating for social justice policy may pay its own workers poverty-level wages. Nelson Colón of the Puerto Rico Community Foundation, and Clara Miller, president emerita of the Heron Foundation—come from philanthropy. The other five work for nonprofit intermediary organizations.