Federal Home Loan Bank of Des Moines’ Post

Helping Latino families create generational wealth is our goal!

New Jersey's Neighborhood Revitalization Tax Credit (#NRTC) program provides a unique funding method for community development organizations. By offering a 100% tax credit to businesses that fund nonprofit revitalization plans, NJ focuses on the ability to plan and execute comprehensive community projects rather than adhering to strict #CDC definitions like in #SC or #MA. Should more states offer flexible funding procedures to enhance community development efforts? https://bit.ly/3Run2ji #CommunityDevelopment #UrbanDevelopment #SocialGood

The April issue of FOCUS Magazine highlights Cinnaire. For over 30 years, the community development financial organization has made high-impact investments and given loans to developers and nonprofits, focusing specifically on economically and racially marginalized communities that too often get passed over for capital. Learn more about Cinnaire's legacy of investing in people and places on page 14: https://lnkd.in/egThbC4

Today’s the day! Come learn about PFCs!

The Forum on Affordable Housing and Community Development is soliciting ideas for panel topics for its Annual Conference, May 22-24, 2024 in Washington, DC. Is there a particular affordable housing or community development topic you would like to see covered at the conference? Are there cutting edge issues or recent trends you have seen in the affordable housing or community development fields that you recommend we feature as the conference? Please note that the submission of panel topics is not a guarantee that the Forum will select the topic or select the person(s) proposing the topic to present the topic at the conference. We want to hear from you, so click the link below to complete the survey. See you in DC, May 22-24, 2024! https://lnkd.in/ejhhTMX9

Curious what kind of word CDBG does? Check out this update from Dallas, TX on their community impact! Their Five-Year Consolidated Plan is a comprehensive document that outlines the City’s Housing market conditions, identifies the need for affordable housing and community development, and provides strategies to address these needs over a 5-year period. This plan coordinates the City’s housing and economic development plans with other public, private and nonprofit service providers to create a coordinated vision for community development and housing actions. The goals and outcomes of this plan were to provide decent and affordable housing, create and maintain a suitable living environment, and expand economic activity. The City of Dallas has reported that 138,915 residents have benefited from public facility improvements, 2,342 affordable housing units have been developed, and 117 homes have been rehabilitated. Check out their community impact to read more about the work they’ve done: https://lnkd.in/grhsGtUp

Grant $$ available to Maryland Small Business Owners! Through $10 million in small business and community development grants, the Maryland Department of Housing and Community Development plans to target investments to activate vacant spaces in business corridors and support small businesses with start up or expansion funds while creating jobs and increasing local economic activity. There are two paths that the grant funding can be accessed: economic development entities can apply for Project Restore 2.0, which will incentivize commercial investment in downtowns, Main Streets and other business districts by providing funding for entities to subgrant to businesses. Or eligible new and expanding small businesses in designated Sustainable Communities can apply for funding directly through Business Boost. https://lnkd.in/e-AYvsMX

Innovative affordable housing initiatives from faith-based organizations are increasingly popping up across the country. Baker Tilly's Ethan Tabakin and Don Bernards shed light on this trend and share more about their work with St. John's in Wisconsin, where deteriorating churches are being transformed into affordable housing units. Read more about how these projects are shaping community development in an article with The Bond Buyer: https://bit.ly/3x5G8VP  #AffordableHousing 

The latest issue of Local Development & Society focuses on an incredibly important topic for institutional philanthropy - place-based grantmaking. There is far too little research guidance on this form of philanthropic practice, but the articles in this issue help fill this void.