#147 Fall 2006

Double Bottom Line

A Tacoma, Washington CDC is putting at least $250,000 into developing a “double bottom line” real estate fund that will invest in struggling neighborhoods throughout the Seattle/Tacoma region. These funds […]

A Tacoma, Washington CDC is putting at least $250,000 into developing a “double bottom line” real estate fund that will invest in struggling neighborhoods throughout the Seattle/Tacoma region. These funds have become more common in recent years but are usually spearheaded by business or government groups, not nonprofits. The director of the Martin Luther King Housing Development Association says it’s a big risk for his agency, but could pay off handsomely. The CDC and its consultants hope to raise $60 to $90 million for the fund and leverage at least three times that amount. (Tacoma News-Tribune, 6/20)

OTHER ARTICLES IN THIS ISSUE

  • Schools House Homeless Kids

    September 23, 2006

    A school district outside St. Louis is opening a home this fall for homeless students. The Maplewood-Richmond Heights district bought a house and had lined up a dozen teenagers to […]

  • Season of Change

    September 23, 2006

    At the apex of the civil rights and social justice movements, a new type of organization, the community development corporation (CDC), was created. CDCs were charged with addressing the massive […]

  • The Truth About Concentrated Poverty

    September 23, 2006

    Last summer, Hurricane Katrina rolled over the Gulf Coast and unearthed an unpleasant truth about the state of poverty in this country: concentrated poverty still exists. Isolated deep in inner-city […]