UnitedHealthcare—part of a partnership with Minnesota Equity Fund (MEF) and Cinnaire—invested nearly $17MM to expand affordable housing for individuals, families, and veterans in Michigan to create 150 affordable housing units with onsite support services to help people live healthier lives; Nonprofits Assistance Fund (NAF) shared a new way to communicate about the true costs of programs, and the vital importance of strong organizational infrastructure: The first-in-the-nation Pay for Success initiative to reduce chronic individual homelessness in Massachusetts—implemented by Massachusetts Alliance for Supporting Housing (MASH), Corporation for Supportive Housing (CSH), and United Way of Massachusetts Bay and Merrimack Valley—successfully placed more than 250 individuals in stable, supportive housing, exceeding the minimum goal set; and more!

$17MM to Expand Affordable Housing in Michigan—UnitedHealthcare is investing $16.9 million to increase availability of affordable housing for low- and moderate-income individuals, families and veterans in Michigan. The announcement was made at a groundbreaking ceremony for New Parkridge in Ypsilanti, where community leaders and investment partners celebrated the start of construction for the new 86-unit affordable-housing community. Developed by the Ypsilanti Housing Commission and Chesapeake Community Advisors, the new community will include onsite support services to help improve residents’ access to health care, education, job training and childcare...

Nonprofits Assistance Fund Shares Re-Visioning of Nonprofit Overhead—How we visualize our understanding of nonprofit structure and programs shapes the overhead debate.  It’s time to get graphic about our new ideas – to deploy fresh images to help educate ourselves, the public, and our funders...

Race and Beyond: Broadening Our Policy Awareness to Include Urban Native Americans—During a visit earlier this month with a group of my American Progress colleagues, Comenote told us that more than 7 in 10 Native Americans live in urban areas, while a distinct minority—22 percent—live on one of the approximately 326 land areas in the United States administered as federal Indian reservations. “This is a population that is invisible,” she said. “There’s a lack of identity [for Native Americans] in urban areas because they’re dispersed and people assume they’re not there and don’t face some of the same issues that impact Native peoples who live on reservations...”

Loss of Bank Branches: Devastating Impact on the Mid South—In the Mid-South, 97 out of 221 counties and parishes experience the devastating effects of persistent poverty. In these communities, where over 20 percent of the population has lived in poverty for more than three decades, it’s hard to ignore the loss of resources such as small businesses, medical clinics, and safe, affordable housing…

$7MM to Support Affordable Housing in Virginia—U.S. Sens. Mark R. Warner and Tim Kaine (both D-VA) announced today that 18 initiatives led by local financial institutions and non-profits in Virginia will receive $6.6 million from the Federal Home Loan Bank of Atlanta (FHL-Bank Atlanta)’s Affordable Housing Program (AHP) to support affordable housing development in Virginia...

A Movement to Put Money into Black Owned Banks—“Having more wealth and more exchange and accumulation of wealth and property in the black community could, I think, create a different context for a lot of these conversations about community policing or safety,” says Justin Moore, an urban planner and designer and the director of New York City’s Public Design Commission…

Detroit City FC Stadium Rehab—The nearly 500 investors in Detroit City Football Club's project to renovate a Hamtramck stadium will split $107,000 in revenue sharing money, the semi-pro soccer club said Thursday...

Pay for Success Initiative to Reduce Chronic Homelessness Successfully Houses 250 Individuals in First Year—The first-in-the-nation Pay for Success initiative to reduce chronic individual homelessness in Massachusetts has successfully placed over 250 individuals in stable, supportive housing, exceeding the minimum goal set by the Commonwealth for its first year by over 50 individuals and paving the way for significant cost savings in emergency room and inpatient care...

Clearinghouse CDFI Earns Highest Possible Scores in the GIIRS Rating Assessments—Clearinghouse Community Development Financial Institution (Clearinghouse CDFI) announced today that they received the highest possible scores in both categories of the Global Impact Investing Rating System (GIIRS) rankings. This included a PLATINUM Overall Impact Business Model rating and a FIVE STAR Overall Impact Operations rating. Clearinghouse CDFI received exceptionally high marks in the Environment, Governance, Community, and Workers ranking criteria that comprise the GIIRS ratings, resulting in these two outstanding Overall Rating Summaries. Clearinghouse CDFI is thrilled to share this accomplishment with its investors, whose ongoing commitment helps revitalize underserved communities…

5 questions with Ceyl Prinster, CEO of Colorado Enterprise Fund—You may not know the name Colorado Enterprise Fund. But you likely know some of the many Boulder County businesses it has helped fund over the past 40 years. Last year alone, local operations such as Georgia Boys BBQ, The Roost and Fortuna Chocolate received more than $1.3 million in loans for everything from infrastructure improvements to business expansion...

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Photo Credit UnitedHealthcare.
 

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