Community Development Corporations (CDCs)

Southside Community Development & Housing Corporation

In operation for more than 25 years, Southside Community Development & Housing Corporation has constructed more than 300 units of affordable housing units (all to green building standards) throughout the Richmond metropolitan area. The nonprofit provides foreclosure prevention counseling, pre- and post-home purchase counseling, homebuyer education, and financial literacy training. It also administers Virginia’s Down Payment Assistance program and the Virginia Individual Development Accounts Matched Savings program, which helps individuals save for a down payment on a home, business equipment, or post-secondary education.

Better Housing Coalition

The Better Housing Coalition (BHC) formed in 1988 to develop and rehabilitate residential property throughout the city. Since its founding, the nonprofit has built or renovated 1700 homes and apartments for low to moderate-income first-time buyers as well as three senior communities—all built with green building standards. Read more about Better Housing Coalition...

Rethinking Community Economic Development Beyond “Rent or Own”

Changing the ownership picture to build community wealth

Crossposted from Rooflines: The Shelterforce Blog

Although the notion of building wealth through home ownership has taken a beating in recent years due to the Great Recession, ownership more broadly is still seen as a key factor in building wealth. So says the Greenlining Institute. So finds a recent study authored by Thomas Shapiro and colleagues at Brandeis University’s Institute on Assets and Social Policy. Even the Housing and Economic Development Commission of the National Baptist Convention agrees.

National Community Reinvestment Coalition Annual Conference

March 12th, 2014 to March 15th, 2014
Washington, D.C.

About the Conference

Join NCRC and leaders from business, government, community no

Read more about National Community Reinvestment Coalition Annual Conference...

Cleveland's Greater University Circle Initiative

Justin Glanville
The Cleveland Foundation

A new Cleveland Foundation report highlights the achievements and lessons learned from the Greater University Circle Initiative—a robust partnership among the city’s anchor institutions to foster economic and community revitalization. To date, the Initiative has created three employee-owned companies through the Evergreen Cooperatives Initiative, developed a workforce training center, launched an employer-assisted housing program, catalyzed changes to the city’s public transportation system, spurred over $140 million in new, public-private development, and helped direct an increasing percentage of the institutions’ more than $3 billion in purchasing toward local businesses. 

Rey España

This month we interview Rey España, Director of Community Development at the Native American Youth and Family Center (NAYA), one of the largest and most successful urban Native American centers in the nation. In the past decade at NAYA, España has helped launch a number of projects, including an individual development account program, an affordable housing portfolio, a private high school serving Portland’s Native American community, and two social enterprises. NAYA is now looking to develop a Community Development Financial Institution to provide loan assistance for NAYA’s microenterprises.

How to Democractize the US Economy

Gar Alperovitz
The Nation

As real income levels have stagnated and traditional politics remains deadlocked, communities are looking for new avenues to educate and employ themselves, from social enterprises and cooperatives to community development corporations and credit unions. Democracy Collaborative co-founder Gar Alperovitz reviews the impact of these community wealth building organizations as well as the challenges of supporting these organizations and structuring new local and national institutions that foster efficient, effective, stable, and equitable local economies.

The Rise of Community Wealth Building Institutions

More people are turning to economic alternatives in which new wealth is built collectively and from the bottom up

Crossposted from Policy Network, and later published on the London School of Economics website, this blog is part of a debate event hosted by Policy Network in London, UK, that was reviewed in OurKingdom by grassroots activist James Doran:    

Five years after the financial crisis economic inequality in the United States is spiraling to levels not seen since the Gilded Age. While most Americans are experiencing a recovery-less recovery, the top one per cent of earners last year claimed 19.3 per cent of household income, their largest share since 1928. Moreover, income distribution looks positively egalitarian when compared to wealth ownership.

Choice Constrained, Segregation Maintained: Using Federal Tax Credits to Provide Affordable Housing;

Simon Kawitzky, Fred Freiberg, Diane L. Houk and Salimah Hankins

A Report on the Distribution of Low Income Housing Tax Credits in the New York City Region