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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. For decades, community development financial institutions have delivered capital into communities and regions that otherwise suffer from disinvestment. This is true in urban areas and, critically, rural communities.

Poverty 131
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What’s Next for CDFIs? The Challenge and Opportunity of Place

NonProfit Quarterly

Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of community development financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.

Finance 105
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What Does Finance for the People Look Like?

NonProfit Quarterly

Public bankscreated by governments and chartered to serve the public interestoffer a powerful model to advance racial equity, public accountability, and community self-determination. A recent report by the Office of the State Comptroller found that Rochester has the fifth-highest child poverty rate of any US city.

Finance 136
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How to Help People of Color Become Homeowners: Data from Philadelphia

NonProfit Quarterly

Image Credit: Jacob Culp on Unsplash Headlines about which cities have the most or least affordable housing markets often oversimplify the issue; the reality is that cities have a range of residential types with a range of social and economic implications for the people who live there. This point seems obvious but is worth stating explicitly.

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Housing Innovation in Rural America

NonProfit Quarterly

This article concludes the series : Eradicating Rural Poverty: The Power of Cooperation. The focus on high prices in red-hot urban real estate markets, a centerpiece of most national housing crisis analyses, overshadows the affordability challenges faced in rural America. It may seem like a housing market is a housing market, right?

Poverty 118
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Nonprofits as Battlegrounds for Democracy

NonProfit Quarterly

1 The Dawn of the Nonprofit Sector Dunning begins the history of the nonprofit sector in the 1960s, when protests against discrimination prompted political leaders to look for solutions to persistent poverty. The vehicle for the development of nonprofit infrastructure was government grants, beginning with President Lyndon B.

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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?

Finance 126