Cooperative ownership provides an avenue through which local nonprofit organizations and businesses can retain ownership of real estate. In Oakland, California, the Oakland Community Land Trust uses federal grants and donations to then acquire and retain ownership of commercial and residential properties. In cases where funds offered by the Trust or from crowdfunded donations are not sufficient, as with the Hasta Nuerte worker owned co-op coffee shop, offering up equity in the venture to private investors can help raise capital.
Read MoreA new program in a Philadelphia neighborhood is offering opportunities for locals to curb gentrification. Gentrification occurs when outside developers come to an area and change it without leaving room for locals to remain. The nonprofit Jumpstart Germantown provides training, mentoring, and loans to community members who want to learn to develop their own neighborhoods in an inclusive and sustainable way. So far, 235 people have graduated from the program, and the model has inspired other Philadelphia neighborhoods to start similar programs.
Read MorePublic-private collaborations can promote entrepreneurship and foster economic revitalization. In the Franklinton neighborhood of Columbus, Ohio, partnerships between the city of Columbus, the Franklinton Development Association (FDA), and local businesses have led to a flourishing of artist studios, maker spaces, and other community attractions. The initiatives were funded in part by grants from ArtPlace America as well as the city of Columbus.
Read MoreThe Haitian nonprofit Life of Hope had faced chronic rental instability for years before developing a financing strategy using federal funds, bridge loans, and private donations to finally secure permanent ownership of a facility. Since purchasing a warehouse to house the organization in June 2024, the organization has solidified itself as a permanent pillar in the local Haitian community, providing English classes, cultural programming, and other community services to more than 60,000 people, serving as a model for other Haitian nonprofits.
Read MoreSeveral cities have fully banned or passed ordinances regulating Airbnb and other short-term rentals to prevent the cities from being overrun by tourists and rental properties. These policies combat the “Airbnb effect” that has been seen in cities from Irvine, California all the way to Bed-Stuy in New York. Cities that have passed these ordinances see lower rent rates, more equitable housing markets and a more sustainable tourism economy.
Read MoreThe 8th Street Collective, a loose organization of Oakland food industry workers, and Oakland Bloom, a group that supports refugee and immigrant chefs, opened a new restaurant, bar, and community hub space. A team of four worker-leaders rotates operational roles of Understory, the restaurant, and are working with lawyers to become cooperatively owned. The restaurant serves a pop-up-style rotating menu four days a week, including dishes by Oakland Bloom chefs and the other days are dedicated to the nonprofit’s incubator and training program called Open Test Kitchen, as well as other programming.
Read MoreA nonprofit community land trust has helped increase the supply of affordable housing in Minnesota by buying the land beneath houses to subsidize homeownership. By owning the land and covering construction and repair expenses, the trust is able to keep the price of homes down even as values rise, keeping low and moderate-income households in their homes until they sell to the next family seeking affordable homeownership. The only drawback is that homeowners get just a small portion of any value gains in the home.
Read MoreCollaborations can breathe new life into community churches. In College Park, Georgia, the College Park First United Methodist Church entered into a partnership with PushPush, a theater nonprofit formerly located in the metro Atlanta area. The partnership came about with the help of Good Spaces, a socially-minded real estate development organization.
Read MoreRenewing distressed economies can be done through reinvesting in arts and culture. By building successful partnerships with rural Community Development Financial Institutions (CDFIs) like the Woodlands Community Lenders (WCL), the town of Thomas, West Virginia, has found a new identity as a hub of arts and culture after the collapse of its coal-based economy.
Read MoreBy offering flexible rent, a Philadelphia nonprofit allows low-income residents to attain economic success. Financed through an initial endowment, the Women’s Community Revitalization Projected is sustained by support from independent donations and Philadelphia’s low-income housing tax credits. In addition to offering affordable housing and residents’ services to Philadelphia’s low-income women and families, the WCRP also operates a community land trust to help address future development concerns in the city.
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