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What Is a Community Development Corporation?

NonProfit Quarterly

Image credit: coffeekai on istock.com Community is one of humanity’s great achievements. Yet community development corporations , a $28 billion sector of over 6,200 nonprofits that support local community economic development, are largely invisible in the national conversation. CDCs are dead.

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From Impact Investing to “Impact-First” Investing—What Is the Field Learning?

NonProfit Quarterly

Image Credit: PeopleImages on iStock What does impact investingthat is, investing with social benefit in minddemand of investors? Many in the field have long held it demands virtually nothing, that an investor can have a social impact without sacrificing a penny of their own.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

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??How Community-Based Public Space Can Build Civic Trust: Lessons from Akron

NonProfit Quarterly

That changed when a team from Reimagining the Civic Commons decided to reinvigorate public spaces in Akron’s systemically disinvested neighborhoods, including Summit Lake. Moving at the Speed of Trust Employing deep listening, engaging in meetings, and building one-on-one relationships with neighbors…helped inform public space design.

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Lifting a Powerful Policy Lever for Housing Justice

Stanford Social Innovation Review

By Tiffany Manuel & Dana Bourland What if government, the philanthropic sector, and community advocates could pull a policy lever and advance housing, climate, and racial justice all at once? Public comment ended in April 2023, and HUD will likely release the final rule sometime later this year.

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A Social Movement Requires Momentum

Stanford Social Innovation Review

In the realm of social change, community-based leaders are skilled at influencing and using momentum to advance local solutions but often lack all the financial resources they need to push those solutions to their full potential. Of course, both require long-term funding and investment since they lay the foundation for new approaches.

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How to Align Assets with Mission: Small Steps That Nonprofits Can Take

NonProfit Quarterly

A salient example is of organizations that are focused on community development but invest in mass incarceration. To date, discussion on mission-aligned investing has largely focused on wealthy foundations and endowed institutions, but over half of all charitable organizations have total assets of less than $1 million.