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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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How Nonprofits Can Leverage Their Financial Relationships to Advance Justice

NonProfit Quarterly

Image credit: Getty Images on Unsplash Consider a food bank discovering that its operating reserves are in banks that finance industrial agriculture, the very system contributing to food insecurity and displacing small community farms. The answers lie in finances transformative potential to drive systemic change.

Finance 122
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Scott Resumes Giving Away Millions In Large Chunks

The NonProfit Times

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. Depending on the various sale dates, financial sources estimated the value to be anywhere from $8 billion to $11.5 million shares of her Amazon stock.

Finance 93
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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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The Next Generation of Mutualism

Stanford Social Innovation Review

They connected into networks with leadership that can organize multiple groups around common purposes, such as local economic development. Mayors, citizens, funders, and practitioners end up doing their mutualist work in silos, without access to shared resources, knowledge, and coordinated financing. million children.

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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. Again, the pandemic provides an illustrative example.

Values 130
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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

This mechanism permits the seller to collect a modest increase in value while ensuring affordability to future buyers. They also ensure long-term affordability by limiting the resale value of shares, preventing speculative increases in housing costs. million in financing to purchase the land.