For everyone to have a chance of leading a healthy and productive life, equitable access to safe and affordable homes must be ensured. Doing so will require effective collaboration by multiple organizations and sectors; from nonprofits and governments to community groups and lenders, to newer partners like hospitals who are not traditionally engaged in community investment. This collaboration needs to take place not just at the level of individual transactions, but at the scale of the community investment system – changing the way investments flow into a community’s priorities.
Over the next three years, the Connecting Capital and Community (3C) initiative, funded by JPMorgan Chase, will take aim at the racial inequities that are at the core of the housing ecosystem. The Center for Community Investment (CCI) will support teams in six cities to strengthen their local community investment ecosystems so they can perform the three capital absorption functions: defining shared priorities, developing a pipeline and capital flow, and changing policies and practices to transform the structure of opportunity and achieve important community goals.
About the Program
In each city, a diverse team of stakeholders will work together to define and achieve an ambitious result that goes beyond individual projects to a system scale aimed at changing the structure of opportunity in their community. Through acting and learning simultaneously, the six teams of 3C will:
- enhance their community investment, adaptive leadership, and racial equity skills and understanding,
- work concurrently across the three capital absorption functions while centering racial equity,
- attract and leverage capital for investment in a pipeline that advances their goals,
- recognize and remedy the inequities at the core of the housing ecosystem, and
- exchange experiences and build relationships to support accountability and progress.
The initiative will support these aims by providing:
- intensive learning opportunities for core team members,
- smaller sessions for team leads,
- operating and capital funding tailed to each team’s priorities and needs as they are identified over the course of the initiative,
- data and evaluation support for the initiative and each team’s priorities, and
- customized coaching and technical assistance to meet each team’s opportunities and challenges.
- Washington, DC
- Los Angeles
- New Orleans
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