Report: Foundation Support to CED Activity

Local community and economic development (CED) depends on a combination of public and private funding. In recent years, foundation grants have become an important source of funding for initiatives to develop the local economy through the pursuit of better-paying jobs, infrastructure to support revitalization, affordable housing, or improved systems for education or health care. .

The Federal Reserve Banks of Philadelphia and Atlanta recently investigated the way in which foundation grants to support CED activities were distributed across 366 metropolitan areas in the United States. The research relied on data provided by the Foundation Center that captured grants of at least $10,000 made by the 1,000 largest foundations between 2008 and 2013.

There are an estimated 1,714 total nonprofits focused on community and economic development in the Miami-Fort Lauderdale-Pompano Beach area.

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To view the interactive report and see how the Miami metro compares to other metros, visit: Here

2016 In Review

South Florida Community Development Coalition would like to thank our members and supporters in 2016 to advance opportunities to create affordable housing and economic opportunity in Miami-Dade County: We look forward to building on our 2016 activity to achieve great outcomes in 2017.

Capacity Building & Convening

Training

  • January 9, 2016: Tools You Can Use: Florida Affordable Housing Finance Programs Overview (Held in partnership with Florida Housing Coalition and Federal Home Loan Bank)
  • January 19, 2016: Develop Over Lunch – Building Nonprofit Capacity (Held in partnership with Legal Services of Greater Miami)
  • March 28, 2016: Public Health and Community Development Convening (Held in partnership with the Health Foundation of South Florida)
  • April 18, 2016: Developing a High Performing Board
  • May 3, 2016: Positioning Your Brand for Success: Doing More with Your Nonprofit Marketing Resources (Held in partnership with Florida Community Loan Fund)
  • May 24 2016: Brownfields: Making a Difference in Your Communities (Held in partnership with the Florida Brownfields Association)
  • June 29 2016: Rapid Rehousing (Held in partnership with Florida Housing Coalition)
  • July 20 2016: Homeownership Roundtable
  • October 3, 2016: Team Miami  Convening Regarding Lessons Learned from Detroit (Held in Conjunction with Catalyst Miami and Team Miami)
  • October 17, 2016: Effectively Planning for Affordable Housing & Develop Over Lunch Session (Held in Conjunction with American Planning Association – Gold Coast Chapter)

Policy

SFCDC received an appointed seat to the Miami-Dade Affordable Housing Trust Fund Board of Trustees in 2016 to represent Miami-Dade’s community development sector.

Working alongside People Acting for Community (Miami-PACT) and Miami Homes for All and many other organizations and members of the community, SFCDC advocated for the creation of the Affordable Housing Trust Fund Revolving Loan Fund.

To learn more about SFCDC’s work, please check out the Presentation from our December 7, 2016 Annual Meeting.

 

SFCDC Receives Capacity Building Grant

November 14, 2016 –  South Florida Community Development Coalition (SFCDC) receives capacity building grant from the Aspen Institute and JPMorgan Chase. Organizations selected work to strengthen the capacity and effectiveness of nonprofits in their community.  Catalyst Miami, a member and partner of SFCDC, was also named as a grant recipient. A total of 10 awards, from across the country were made.

Press Release from Aspen Institute.

Photo: 2017 Grant Recipientsaspenjpmc

Sunsentinel

Bank fund targeting affordable housing in South Florida

 

Ten banks, with six located in South Florida, helped launch the Community Development Fund with $25 million dollars. The fund was introduced by Ken Thomas, an economist and banking consultant, who is tired of South Floridians making $40,000 or $50,000 a year and not being able to afford to buy a home. The funds will be used to invest in securities backed by mortgages valued in the $100,000 to $200,000 range to encourage lenders to keep making the loans and builders to find ways to develop communities that first-time buyers and young professionals can afford.

Read more: http://www.sun-sentinel.com/business/realestate/fl-affordable-housing-fund-20160617-story.html

The State of the Nation’s Housing 2016

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On June 22, 2016, Harvard’s Joint Center for Housing Studies released The State of the Nation’s Housing 2016.

The 2016  report sheds light on a decrease of homeownership. Increasing numbers of people are renting rather than buying and the result could be because of student debt. According to the report, poverty has also become increasingly concentrated. In 2014, nearly 14 million people lived in neighborhoods with poverty rates of at least 40 percent, up from 6.5 million in 2000.

The national homeownership rate has been on an unprecedented 10-year downtrend, sliding to just 63.7 percent in 2015.

Cost burdens are nearly universal among the nation’s lowest-income households. Federal assistance reaches only a quarter of those who qualify, leaving nearly 14 million households to find housing in the private market where low-cost units are increasingly scarce. Low-income households with cost burdens face higher rates of housing instability, more often settle for poor-quality housing, and have to sacrifice other needs—including basic nutrition, health, and safety—to pay for their housing.

To read the full press release and report, visit Here