Foundations of all sizes are thinking creatively about ways to address the staggering implications of the COVID-19 crisis through our nonprofit partners. For the Babcock Foundation, an opportunity presented itself last month when our friends at the Robert Wood Johnson Foundation invited us to...
A fair, thorough and accurate census count is vital to nearly every aspect of our personal and professional lives. The Constitution requires the federal government to count every member of the population every ten...
While potential is universal, opportunity is not. In the American South, where the Mary Reynolds Babcock Foundation works, slavery, segregation and a host of laws, policies and practices have entrenched white...
“If you are more fortunate than others, build a longer table, not a taller fence.” - Unknown
While it has been said COVID19 doesn’t discriminate – anyone from any background can be affected by the virus – this sentiment doesn’t tell the whole story. The virus has and will continue to disproportionately affect our most marginalized communities. The South is home to uniquely...
UPDATE: The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation have extended the deadline for public comment to April 8.
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation are proposing drastic changes to Community Reinvestment Act regulations that would weaken CRA’s ability to target...
In 1994, the South Carolina Association of Community Development Corporations was established by four local community development corporations to advance the interests of their industry. But the state’s community economic development industry truly got its start when residents rallied to help each other rebuild after devastation. The organization has since renamed itself South Carolina...
All too often, economic development excludes community members from the decisions affecting where they live, strains local resources and siphons financial returns to outside developers with no accountability to the community. There is a better way, one that provides communities with the infrastructure and support they need to access capital, address their needs, grow thriving businesses, build...
This article originally appeared as a blog post by Virginia Community Capital.
In 2016, Fahe, a regional Network, financial intermediary, and CDFI, received $50 million in loan awards from the USDA Community Facilities Relending Program to pursue its mission: ending persistent poverty in Appalachia. Among its numerous initiatives, Fahe sought to build several...
