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Nonprofit Fund Raises Private Dollars To Buy Affordable Housing – Before Private Equity Does

Leo Miranda

July 26, 2024 |

Next City |

Text |

Under 800 Words

Response Location: United States

The housing and homelessness nonprofit Community Solutions raised $135 million in private capital to create a fund to buy housing properties and keep them permanently affordable. It promises investors modest returns and looks to buy properties in good condition close to necessary services like grocery stores and health care.

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The best plan to help refugees might also be the simplest

Jacob Kushner

June 23, 2024 |

Vox |

Text |

Over 3000 Words

Response Location: Kenya, Nairobi

The nonprofit GiveDirectly provides refugees with cash to help them sustain themselves, focusing on those living in cities, as they’re less likely to receive the same assistance as humanitarian camps do. Nearly 1,200 people were given $925 to spend however they wanted — some opening bank accounts, others starting businesses — and reported they were able to nearly double their monthly income and after six months, 88% of recipients were earning more money than ever before.

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A Brave New Generation of Craftspeople in Kashmir

Geetanjali Krishna

June 03, 2024 |

Reasons to be Cheerful |

Text |

1500-3000 Words

Response Location: Pakistan, Kashmir

Commitment to Kashmir (CtoK) incubates small cohorts of young craftspeople, providing financial resources, technology support, and mentorship to support the growth of their craft enterprises. Since its founding in 2010, CtoK has helped 37 people establish businesses within and despite the myriad challenges that exist in a conflict zone.

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One Small Credit Union Is Powering Brooklyn's Economy

Oscar Perry Abello Lucas Grindley

May 13, 2024 |

Next City |

Podcast |

Over 15 Minutes

Response Location: United States, Brooklyn, New York

The Brooklyn Cooperative Federal Credit Union provides small business loans to local Black and Brown businesses, through average investments of $24,000. This small, community lender provides more funding to local businesses than larger national banks like Citibank, Wells Fargo and Bank of America, helping support local businesses and finance community development.

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Preschool enrollment is up — thanks in part to federal COVID aid

Kalyn Belsha

April 18, 2024 |

Chalkbeat |

Text |

800-1500 Words

Response Location: United States, Michigan

A record number of children enrolled in preschool last year, thanks to COVID relief funding fueling the expansion of several state preschool programs. Some states also used the money to fund new programs like Michigan's Great Start Readiness program which offers free preschool to 4-year-olds from low-income families.

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Vermont's Approach to Primary Care Is Driving Down Costs

Carl Smith

April 09, 2024 |

Governing |

Text |

800-1500 Words

Response Location: United States, Vermont

The Blueprint for Health model expands primary care access by requiring insurance providers in the state to pay additional monthly fees to cover more services for patients. Expanded services are provided by Patient-Centered Medical Homes and Community Health Teams, including nurses and counselors, at no cost to patients. Since starting in 2008, this model has helped significantly reduce medical and pharmaceutical claims.

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Distressed hotels turned into apartments for affordable housing

Jenna Zibton

April 08, 2024 |

Solutionaries |

Multi-Media |

800-1500 Words

Response Location: United States, Roanoke, Virginia

The “Lodging to Living Fund” at Saul Urban identifies vacant or problematic commercial properties — like old hotels — acquires them and converts them into affordable housing. Repurposing existing buildings cuts project costs in half, allowing developers to offer affordable rates to renters. The Heights at Gateway Park is the first such project and has converted 180 hotel rooms into 88 new apartments.

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South Africa's SAB Foundation: Why 90% of its investees are still in business five years later

Anna Patton

April 04, 2024 |

Pioneers Post |

Text |

1500-3000 Words

Response Location: South Africa, Johannesburg

The SAB Foundation is an independent trust set up by South African Breweries (SAB) as part of the government’s Broad-Based Black Economic Empowerment scheme. It helps businesses — particularly underserved entrepreneurs like women and people with disabilities — grow and thrive. Since 2010, the Foundation has backed more than 6,400 social impact businesses in their early stages.

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Invisible struggles of lower-income Asian Americans gain spotlight

Amy Yee

March 31, 2024 |

Chicago Sun-Times |

Text |

800-1500 Words

Response Location: United States, Chicago, Illinois

The Chinese American Service League’s (CASL) Change InSight coalition surveys communities in more Asian languages to allow for more inclusive data collection, particularly among low-income AAPIs. Better data collection increases the visibility of the challenges under-resourced AAPIs face, allowing the CASL to launch social service programs to address challenges in the community, like food insecurity.

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How Unfamiliar Fish Are Helping Mainers Fight Food Insecurity

Kea Krause

March 28, 2024 |

Reasons to be Cheerful |

Text |

1500-3000 Words

Response Location: United States, Maine

The Maine Coast Fishermen’s Association launched a program to support local fishing businesses and address food insecurity during the pandemic that continues to do so today. The nonprofit buys fish at a more than fair price from local businesses and donates them to food banks and public school food programs.

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