Community Development

News in “Community Development”

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CDFIs Receive Funding to Support Charter Schools

As part of a new $325-million JP Morgan Chase initiative, two Foundation-backed community development financial institutions will receive grants and access to $175 million in new low-cost debt to finance top-performing charter schools. Read More

Illinois Mandates Use of New Affordability Index When Making Public Investments

The Illinois General Assembly passed a bill that requires five state agencies to use the Housing and Transportation Index when planning and making public investment decisions around the state. Read More
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Program-Related Investments

To expand the reach of its grantmaking, the MacArthur Foundation makes low-cost loans and equity investments, known as program-related investments, to support charitable organizations and activities. Read More

A Comprehensive Approach to Transforming Communities

The Institute for Comprehensive Community Development will offer training, build capacity, and document what is working or not in community development efforts across the country. Read More

Remarks by Julia Stasch, Inauguration of the Institute for Comprehensive Community Development

MacArthur's Vice President of U.S. Programs discusses how the Institute can become a leader in the field of community development. Read More

Bank of America Eliminates Costly Overdraft Fees

Research and advocacy by MacArthur grantee the Center for Responsible Lending played a leading role in spurring the bank's policy shift, expected to save customers hundreds of millions of dollars. Read More

Housing Support for Vulnerable Families

A new study by the Urban Institute, a MacArthur grantee, focuses on how to assist vulnerable families who were left behind by the transformation of public housing into mixed-income communities. Read More

First Lady Highlights Need for Grocery Stores in Underserved Communities

As part of a campaign to prevent childhood obesity, First Lady Michelle Obama and the Secretaries of Agriculture and Treasury visited a Philadelphia grocer supported by MacArthur grantee The Reinvestment Fund, which helps finance grocery stores ... Read More

Interim Report Examines First Years of New Communities Program

MacArthur grantee MDRC released interim findings from its seven-year evaluation of LISC/Chicago's New Communities Program, a $50 million comprehensive neighborhood improvement initiative. The report focuses on the early development, roll-out, and first years of ... Read More

How Housing Matters to Families & Communities 2009 Grant Recipients

Columbia (2009) Cornell (2009) Johns Hopkins (2009) Ohio State (2009) Princeton (2009) RAND-Inclusionary Zoning and Schools (2009) St. Michael's Hospital, Toronto (2009) University of Illinois at Chicago (2009) University of Illinois at Champaign-Urbana (2009) University ... Read More

Competitive Grants Competition Awards $6 Million to 13 Housing Research Projects

The projects will produce a base of empirical evidence to show how housing affects children’s cognitive, emotional, and behavioral development and how housing choices shape the economic, physical, and emotional well-being of adults. Read More

Foreclosures Still Climbing in Chicago

New foreclosure filings in the Chicago region rose 21 percent from 2008 to 2009 despite federal, state, and local programs designed to curb the foreclosure crisis, according to a new Woodstock Institute report. Read More

Creating a Platform for Sustained Neighborhood Improvement: Interim Findings from Chicago’s New Communities Program

Distressed urban neighborhoods face challenges on multiple fronts, but most efforts to confront these problems work in isolation of one another. Read More

Federal Funds for Chicago Foreclosure Prevention and Mitigation

The City of Chicago received $98 million from the U.S. Department of Housing and Urban Development to expand a MacArthur-supported initiative launched last year to prevent and reduce foreclosures. Read More

Congress Approves New Spending for CDFIs

In a victory for community financial development institutions (CDFIs), newly-passed legislation includes $247 million for the CDFI Fund of the U.S. Treasury Department — a dramatic increase over its $107 million budget in 2009. Read More