Remove Community Development Remove Law Remove Nonprofit Finance
article thumbnail

How to Preserve Existing Affordable Housing: The Value of Human Scale

NonProfit Quarterly

In Washington, DC, the city’s Department of Housing and Community Development reports that 18,300 units of affordable housing of this kind became unaffordable between 2006 and 2017. This is no small matter. This loss of affordability is related to other challenges that DC renters and the city have been facing.

Values 115
article thumbnail

Faith Communities and Affordable Housing: Challenges and Opportunities

NonProfit Quarterly

The recently passed California legislation, SB 4, the “ Yes In God’s Backyard ” bill, empowers churches, faith institutions, and nonprofit colleges to erect affordable housing on their lands. To qualify, however, properties must maintain California state affordability standards for 55 years for rentals and 45 years for owned homes.

article thumbnail

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