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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.

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How to Advance BIPOC Empowerment in the Renewable Energy Industry

NonProfit Quarterly

Typically, a one-megawatt solar array can power at least 400 homes for a year at a cost of about $4 million—making this cost-prohibitive to most community developers. What are some practical strategies for building local capacity and breaking a colonial mindset around community energy production?

Energy 132
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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

They were initially marketed to wealthier urbanites, who wanted the advantages of individual homeownership without all the responsibilities it entailed. By contrast, in market-rate co-ops, the sale price is uncapped. While LECs offer significant opportunities, nonprofit housing developers must navigate several significant challenges.

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What Does Finance for the People Look Like?

NonProfit Quarterly

Image Credit: AndreyPopov on iStock The seeds of a financial system that works for the public are already all around us, from credit unions and loan funds to community bonds and Green Banks. The Bank of Rochester is poised to lead the way, demonstrating whats possible when governments put public money to work for the public good.

Finance 136
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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. From inception, the pool was centered on community development financing activities and emphasized racial, gender, and economic equity.

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

NonProfit Quarterly

An impact-first approach to investing requires [investors who are]willing to accept below-market-rate returns. Five years ago, BII launched a cohort-based approach to help organizations in other communities set up similar funds. Activating these funding streams will be challenging but not impossible.

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Impact Investing Can’t Deliver by Chasing Market Returns

Stanford Social Innovation Review

By Jim Bildner In 2012, more than a decade ago, in response to a growing wave of impact investing obsession, Kevin Starr warned that impact investing was doomed to fail: “Few solutions that meet the fundamental needs of the poor will get you your money back,” he observed, and “overcoming market failure requires subsidy.”

Marketing 122