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The Philadelphia Citizen

Courtney Duchene

5 April 2021

Philadelphia, Pennsylvania, United States

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Four local organizations have teamed up to provide $15 million in loans for the Latinx community in the Kensington neighborhood of Philadelphia. The affordable loans have gone to affordable housing, small businesses, ...

FunTimes Magazine

Nana AmaAddo

19 March 2021

United States

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A traditional African method of mutual aid, Susu, is helping members of the African Diaspora access capital for businesses, education, housing, and more. The informal loan network enables people to contribute periodic...

Next City

Emily Nonko

9 February 2021

Seattle, Washington, United States

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A collective of artists in Seattle bought real estate for a community center with the help of city funding. Known as Black and Tan Hall, the space drew funding and sweat equity from community members who sought a safe...

Next City

Adina Solomon

9 February 2021

Atlanta, Georgia, United States

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A new model for community-owned real estate is attempting to bridge the racial wealth gap and build neighborhood wealth in Atlanta. Instead of watching prime real estate go to investors who would hold onto the buildin...

Next City

Oscar Perry Abello

28 January 2021

United States

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Cooperatives are getting the funding they need through a “nationwide network of loans funds and incubators that specialize in supporting and investing in cooperative businesses.” Coops lack access to traditional fundi...

FastCompany

Nate Berg

25 January 2021

Charlotte, North Carolina, United States

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A real estate investor has led the charge in creating a Housing Impact Fund in Charlotte, NC, to preserve affordable housing. The housing it seeks to preserve is not considered public housing but it does serve those w...

Next City

Oscar Perry Abello

14 January 2021

New Orleans, Louisiana, United States

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Community land trusts typically provide affordable housing but now one is responsible for the revival of a family business in New Orleans. Commercial community land trusts are emerging as viable solutions for tenants ...

Corpus Christi Caller Times

Clay Carpenter

23 December 2020

Corpus Christi, Texas, United States

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In Texas, bingo is considered a charitable operation and can act as a revenue source, offering a significant contribution to the funding of many 501c(3) nonprofits, but it also "nourishes the community in other, less ...

Energy News Network

Audrey F. Henderson

2 December 2020

Chicago, Illinois, United States

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Green developement has breathed new life into a once-declining town that suffered from the exodus of manufacturers. A comprehensive 10-year plan revitalized the local economy of Pullman, creating jobs and bringing new...

The New York Times

Ezra Marcus

23 November 2020

United States

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Students across the country are dealing with food and housing insecurity, and financial loss, conditions that have been exacerbated because since the pandemic. In response, students in some colleges and universities c...

The Devil Strip

Abbey Marshall

12 October 2020

Detroit, Michigan, United States

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Motor City Match is an entrepreneurial development initiative that provides grants for historically marginalized business owners in Detroit. It also matches minority entrepreneurs with empty retail space in addition t...

Sentinel Source (The Keene Sentinel)

Kelly Burch

18 September 2020

United States

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Despite the pandemic-induced economic slowdown, three small cities have managed to thrive due to successful economic development plans that have led to “rural rejuvenation” in an effort to attract young families to li...

Next City

Jared Brey

15 September 2020

Charlotte, North Carolina, United States

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A real estate developer has teamed up with homelessness service organizations to house working families. The Lotus Campaign gives landlords $1,000 a year to rent a unit to a family that is at risk of homelessness or i...

Model D

Kate Roff

4 August 2020

Detroit, Michigan, United States

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Homeowners in Detroit can now access home improvement capital to fix up their historic homes, many of which date back to the early 1900s. The aid is in the form of a zero-interest loan which is paid back over 10 years...

NationSwell

Sarah Morgan

3 August 2020

Detroit, Michigan, United States

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A coalition of organizations in the Detroit region had “a goal of re-engaging the region’s 690,000 adults who had completed some college but hadn’t gotten a degree.” One of the programs they created was the Wayne Stat...

Rest of World

Márvio dos Anjos

Meaghan Tobin

23 July 2020

Marica, Brazil

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Mumbuca is a digital currency used in Maricà’s basic income program. Residents, with few eligibility requirements, can qualify for a monthly stipend to purchase goods and services using a smart phone or a card. The cu...

Ms. Magazine

Rickey Gard Diamond

8 July 2020

United States

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Black banks have been held up by leaders and celebrities in the community as a way to end Black poverty. Previous efforts have been made in the 1960s when Black banks gave loans to community members after being denied...

The Philadelphia Citizen

Jessica Blatt Press

8 July 2020

Philadelphia, Pennsylvania, United States

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Mosaic Development Partners (MDP) seeks to create wealth for the black community in Philadelphia by providing affordable housing and creating opportunities in neighborhoods that are considered risky investments for ty...

High Country News

Nick Bowlin

30 June 2020

San Francisco, California, United States

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A "right-to-purchase" policy has enabled nonprofits to purchase residential buildings in gentrified neighborhoods in order to prevent the displacement of those relying on rent-controlled housing. Mission Economic Deve...

The Victoria Advocate

Ciara McCarthy

27 June 2020

Waco, Texas, United States

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Jubilee provides an oasis in a desert - a food desert that is. The community grocery store provides the only fresh food for miles around at competitive prices and makes an effort to cater to the local clientele, stock...

Black Star News

Aallyah Wright

24 June 2020

Mississippi, United States

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Black businesses in Mississippi are receiving a financial boost from a nonprofit that seeks to level the playing field for rural African-Americans in the state who have historically been overlooked when it comes to fe...

CityLab

Gregory Scruggs

23 June 2020

Seattle, Washington, United States

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Over 1000 community members gathered to demand officials keep a 2016 promise to give a vacant publicly-owned fire station to the Africatown Community Land Trust. The station is in a historically Black and quickly gent...

Pioneers Post

Pedro Lira

19 June 2020

Rio de Janeiro, Brazil

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Refugee women arriving in Brazil have been able to achieve financial independence through the work of an organization called Women of the Global South, an organization that provides women with the tools and skills to ...

The Local

Rachel Loxton

2 June 2020

Germany

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The German government has spent billions to keep small businesses and freelancers afloat during the pandemic. Entrepreneurs who qualified were sent funds, often within 2 business days, specifically for business-operat...

Next City

Oscar Perry Abello

21 May 2020

Minneapolis, Minnesota, United States

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An American nonprofit called the Community Reinvestment Fund expands access to small business loans by partnering with almost two dozen groups across the country to set up and scale up their community development lend...

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