The Connecting Capital and Community (3C) initiative addresses the inequities at the core of the housing ecosystem. Five cities across the country are using community investment to support housing preservation, homeownership, and wealth-building.
Using the Center for Community Investment’s Capital Absorption Framework, multisector stakeholders in each city collaborated to achieve ambitious results that go beyond individual projects to systems change. These teams work to scale affordable housing and redress the ways structural racism has shaped American housing systems with dramatically negative consequences for many communities of color.
Our publication, Connecting Capital and Community in Five US Cities: What We Learned, captures five key lessons drawn from examples across all five cities, from connecting disparate housing actors to consolidating homebuyer pipelines. These lessons build on CCI’s ongoing work in housing and community development.
Go Deeper
3C’s evaluation partner, Mt Auburn Associates, conducted an in-depth look at the initiative’s approach and results. Explore their evaluation products for a closer look at outcomes, data, and methodology behind these lessons:
Communities whose residents have low incomes often lack affordable housing. Discriminatory policies and practices created this problem; conventional financing and individual community development deals cannot solve it. CCI’s capital absorption framework helps communities make systemic change:
The system boundary expands by introducing new actors, building relationships, and reducing silos.
Local Partners implement a system focus, aligning high-opportunity deals with community priorities.
Advancing equity enables communities of color and residents with low incomes to thrive.
A pipeline—a set of deals—can achieve a community’s shared priority more quickly and efficiently.
A strong enabling environment can create more deals and move them more quickly and smoothly.
A shared priority—an aspiration and result—uses investment to bring equity to a community.
Our Resources
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A network of community leaders is working to implement scalable solutions to advance equitable homeownership and real estate development in Black and Latinx communities.
Black and Latino Angelenos experience great disparities in wealth compared to other segments of the Los Angeles population. Developing different approaches to tackle the housing crisis in LA can build a more equitable region and begin to close the racial wealth gap.
Leaders in Miami Dade County are leading a regional effort to shift the affordable housing ecosystem to better serve Black and Latino residents.
The Black Home Initiative is a new regional effort seeking to increase rates of Black homeownership in the Greater Seattle region.
Leading a multisector effort to assist BIPOC (Black, Indigenous, and people of color) residents build assets by preserving the supply of safe, affordable housing and creating pathways for homeownership opportunities.
The Connecting Capital and Community Teams use CCI’s Capital Absorption Framework to collaborate on strengthening their investment systems and accessing resources to achieve their visions.
3C Washington, DC Team - Coalition for Nonprofit Housing and Economic Development (CNHED)
3C Seattle Team Led by Civic Commons: High Point
3C Miami Team - Miami Homes for All
JP Morgan Chase & Co funds the 3C initiative. Five teams enhance their community investment, adaptive leadership, and racial equity skills; work across the three capital absorption functions; leverage capital for pipeline investments; remedy the inequities at the core of the housing ecosystem; and support accountability and progress.
JPMorgan Chase & Co
News, stories about our work, and more. For general press inquiries, please contact [email protected].
