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  • Mongolian nomads create shared funds and financial security

    October 02, 2019 |

    Devex |

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    1500-3000 Words

    Response Location: Mongolia, Arvaikheer

    Herders in Mongolia have resorted to cooperative shared funds to keep their pastures afloat, a sign of a slow tilt towards greater collaboration and trust in the area. The shared funds act as a way for herders to borrow and lend money among themselves, helping local communities build financial security in a time when climate change is negatively impacting their pasture land.

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  • Community hopes 'Purpose Built' revitalization model enlivens into Ridgecrest neighborhood

    September 20, 2019 |

    The Montgomery Advertiser |

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    1500-3000 Words

    Response Location: United States, Woodlawn, Alabama

    Eighteen "purpose built communities" across America have revitalized neighborhoods through a comprehensive approach that includes building mixed-income housing, providing better educational opportunities and offering health and wellness services. The model focuses on establishing a strong "cradle-to-college education pipeline" which attracts upper-income families and creates socio-economic diversity. Community centers, green spaces, and grocery stores all revitalize and bring new development to these neighborhoods. Rivercrest, a neighborhood in Montgomery, Alabama is seeking to replicate the model.

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  • ‘I just want more for them': New program aims to boost families' economic mobility

    September 09, 2019 |

    The Charlotte Observer |

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    800-1500 Words

    Response Location: United States, Charlotte, North Carolina

    Economic mobility becomes far more attainable when children grow up in a "high-opportunity" area as opposed to a "low-opportunity" area: housing within the city with access to transportation and amenities, higher-performing schools, and lower crime rates. An enhanced voucher program through the Charlotte Housing Authority offers families housing vouchers to move into high-opportunity areas. They also offer incentives to landlords who accept the vouchers, such as up to $1,000 to repair damage beyond normal wear and tear. The program is still new, and it will take generations to see its affects.

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  • Inside the innovation lab solving climate financing

    August 16, 2019 |

    Apolitical |

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    800-1500 Words

    Response Location: United States, San Francisco, California

    Turning climate solutions into opportunities for investment can help mobilize capital to address climate change. The Global Innovation Lab for Climate Finance (The Lab), part of the Climate Policy Initiative (CPI) based in San Francisco, California, promotes public-private partnerships to reduce the risk of investment in large-scale projects. Nature Based Solutions, such as the Lab’s initiative to restore mangroves in the Philippines, contributes tremendous economic value in areas like flood mitigation.

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  • Post-Soviet Co-ops: Mongolian Herders Borrow a Tool From the Recent Past

    August 15, 2019 |

    Yes! Magazine |

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    1500-3000 Words

    Response Location: Mongolia, Ulaanbaatar

    Members of Post-Soviet Mongolian tribes return to a co-op way of life in order to survive - but this time, the co-ops are community run, rather than state-run. Because climate change has degraded the quality of soil and made it difficult for pasture-raised animals to survive, these tribes have banded together to manage pastureland more efficiently and sell their products, as a group, to national companies.

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  • Three Big Lessons From One Small Town

    July 18, 2019 |

    The Atlantic |

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    1500-3000 Words

    Response Location: United States, Danville, Virginia

    The town of Danville, Virginia survived the downfall of the mill industry by using creative financing and investing in solid economic infrastructure that will remain sustainable into the future. The town has invested in broadband and used funds from a tobacco settlement to re-install city money into local institutions.

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  • Fully fund the state's PILOT program

    July 08, 2019 |

    Hartford Business Journal |

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    Under 800 Words

    Response Location: United States, Hartford, Connecticut

    Connecticut's PILOT program was created to partially reimburse cities and towns for state-owned, tax-exempt properties and take some financial burden off smaller towns. The PILOT program, however, is voluntary, making it easier for state legislators to disregard the reimbursement requests in tough financial times. Now, state officials are urged to make the PILOT program mandatory to keep the response working for the small individual towns and cities around Connecticut.

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  • A Worker Cooperative and a Community Land Trust Bought a Building Together

    June 18, 2019 |

    Next City |

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    1500-3000 Words

    Response Location: United States, Oakland, California

    Cooperative ownership provides an avenue through which local nonprofit organizations and businesses can retain ownership of real estate. In Oakland, California, the Oakland Community Land Trust uses federal grants and donations to then acquire and retain ownership of commercial and residential properties. In cases where funds offered by the Trust or from crowdfunded donations are not sufficient, as with the Hasta Nuerte worker owned co-op coffee shop, offering up equity in the venture to private investors can help raise capital.

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  • How West Oakland Financed Its Own Grocery Store

    May 30, 2019 |

    Next City |

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    1500-3000 Words

    Response Location: United States, Oakland, California

    Public investment campaigns can raise capital and attract larger institutional investors. In the neighborhood of West Oakland, the Community Foods Market opened its doors by raising funds through a Direct Public Offering (DPO). In addition to using traditional grant funding and so-called “angel” investors, the Community Foods Market turned community members into investors, giving them partial ownership of their local grocery store.

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  • Can Community Investment Trusts Help Slow Down Gentrification?

    April 15, 2019 |

    Pacific Standard |

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    1500-3000 Words

    Response Location: United States, Portland, Oregon

    In East Portland, Oregon, a new Community Investment Trust is working to ensure that low-income residents have the opportunity to build equity by investing in their real estate. The program is limited to four zip codes with a maximum contribution of $100 to ensure that the investments stay open only to the members of the community it's intended to serve. More than 95% of investors have kept their money in the trust, but the model might be difficult to scale nationally without effective partnerships.

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