Mission Investors Exchange的动态

New shared equity homeownership model could scale this proven path to stability and wealth building—just when we need it most. Check out Devin Culbertson's article for Inside Philanthropy: #housing #equity #wealthgap #philanthropy #impactinvesting

Check out this article from Inside Philanthropy!? “The Homes for the Future model leverages institutional investor disruption in the single-family rental market to sell homes affordably while returning impact investment capital…[and] uses integrated capital — senior debt, program- and mission-related investments, impact and traditional equity investments, and grants — to acquire, rehabilitate, rent and sell single-family homes at affordable prices.” How can the Homes for the Future model and the broader goal of shared equity homeownership apply to some of the issues we’ve been seeing in Orange County when it comes to affordable housing and inequality in the market? #Housing #Funders and #Nonprofits - what do you think? We would love to hear your thoughts and perspective on this idea. To read the full story, visit the link here: https://lnkd.in/envFy4R4

Nonprofit developers deserve better terms in the #LIHTC market. Jim Peffley of NeighborWorks America Capital explains how the new Equity Fund levels the playing field and supports impactful community housing development. Read the full article:?https://bit.ly/4bFXqae #NonprofitDevelopers #EquityFund #AffordableHousing

Nonprofit developers are key players in affordable housing, but the #LIHTC terms they receive hinder their ability to make progress in underserved communities. This article discusses the need for fairer terms to support their efforts. Discover the full story: https://bit.ly/4bFXqae #NonprofitDevelopers #AffordableHousing #CommunityDevelopment

Nonprofit developers are key players in affordable housing, but the #LIHTC terms they receive hinder their ability to make progress in underserved communities. This article discusses the need for fairer terms to support their efforts. Discover the full story: https://bit.ly/4bFXqae #NonprofitDevelopers #AffordableHousing #CommunityDevelopment

This case study is a great look at how an orbit can be revitalized to serve its intended purpose through the use of strategic leadership and effective management. A housing market that looks at properties as being investments rather than an essential resource creates a situation where investors are often unwilling to sell homes at market price, and instead wait for prices to appreciate. This in turn puts pressure on first-time home buyers, who, without the support of nonprofits, are locked out of the market. However, nonprofits can play a critical role not just in the financing, but in accessibility as well. #Nonprofit #Justice #Housing #FInance

?? Real Estate Insights for Nonprofits ?? In the current economic landscape, where commercial real estate values have dipped significantly, an unprecedented opportunity arises for nonprofit organizations. Recently, Wellroot Family Services leveraged this trend by acquiring an apartment building in Decatur for $3.4M—a strategic move to house teenagers from the foster care system. This purchase is part of a broader trend where nonprofits capitalize on lower market prices to secure properties that align with their long-term missions. ?? Why It Matters: Nonprofits are uniquely positioned to benefit from such investments thanks to property tax exemptions and potential tax write-offs for sellers. This strategic approach not only secures vital resources for nonprofits but also provides them with financial leverage in a fluctuating economy. ?? Opportunities & Challenges: While the advantages are clear, the path is not without its challenges. Rising operational costs and the complexities of property management can deter some organizations from entering the real estate market. Yet, the potential for significant cost savings and sustainability is compelling. As real estate professionals, we should consider how we can support and facilitate these transformative investments for nonprofits. Their growth and stability contribute to the broader community's health and resilience. #RealEstate #Nonprofits #CommunityDevelopment #InvestmentOpportunities https://lnkd.in/eD6EmzWe

Check out the latest op-ed from our President, Christopher J. Tyson, in Nonprofit Quarterly. Chris writes: "Nonprofit expertise and leadership have long been key to affordable housing provision. The nonprofit ecosystem includes providing counseling services for aspiring homebuyers, acquiring distressed properties, building new homes, and rehabilitating distressed properties. Nonprofits raise capital, design and implement creative and flexible financing, and help people struggling with mortgage payments stay in their homes.....This is the nonprofit housing delivery system: the sum of the efforts of mission-driven organizations to create opportunities for those otherwise locked out of the home purchase market....To preserve housing affordability, it is not enough to address the rise of private equity; it is vital to bolster the strength and reach of the nonprofit delivery system itself."

Community-based organizations (CBOs) are often deeply entrenched in the places they serve and well suited to address social and economic disparities among communities that historically have experienced a lack of investment. But more often than not, the traditional finance sector fails to provide CBOs with the funding they need due to their small size and local focus. CBOs have connections with residents that give them a close understanding of what their neighbors and neighborhoods need—in ways other organizations and larger nonprofits do not. By providing additional capital to CBOs, community development financial institutions and other funders could help to spur equitable and locally driven community development efforts. The Nonprofit Finance Fund (NFF)’s pilot program in New Jersey aims to do just that. Working with CBOs focused on racial equity, NFF is supporting efforts to make their visions for their neighborhoods a reality by increasing access to affordable housing and community facilities. With a $5M loan from RWJF, our team is excited to see the impact of this new program. Learn more about this pilot program and its key principles: https://rwjf.ws/4adqlTB

In the Washington, D.C. area, the Washington Housing Initiative (WHI) is a partnership launched in 2018 by real estate firm JBG Smith and the nonprofit Federal City Council to address the rental affordability needs of moderate-income households. Using a market-based model, WHI raises private capital through a social impact fund called the Impact Pool, that it lends to WHI-affiliated Washington Housing Conservancy or another mission-driven nonprofit to purchase and operate naturally occurring affordable #rental housing in high-opportunity neighborhoods with rising rents to preserve affordability for moderate-income residents. Between January 2020 and April 2024, WHI had helped preserve more than 3,000 units of workforce rental housing at 9 properties throughout the D.C. region. Read more on HUD User’s #PDREdge: https://lnkd.in/eEWdCZxh