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National Alliance of Community Economic Development Associations March 23, 2023
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Federal News
Federal Budget Advocacy Heats Up After President's FY24 Budget Request
President Biden released his Fiscal Year (FY) 2024 budget request on March 9, triggering Congressional negotiations on how to divide the budget among 12 subcommittees. Now is the time to advocate for the Transportation, Housing and Urban Development subcommittee to get the biggest possible slice of the budget pie in FY24.
Add your organization's name to this sign-on letter advocating for maximum housing and community development resources. Urge your networks to sign on too.
NACEDA is currently partnering with Rapoza Associates and other advocates to urge Congress to approve the President’s budget request for the Community Economic Development (CED) program. The budget request includes $23.615 million in CED funding for FY24 – a $1.2 million increase. This fact sheet explains the impact of the CED Program, an essential source of federal funding for community development corporations to create jobs and expand businesses in lower-income communities.
For more information about these advocacy opportunities and more, view NACEDA’s Action Alerts.
NACEDA News
Mark Your Calendar for the NACEDA Summit: Oct 23-35 in Atlanta, GA
The NACEDA Summit is the place for community development association professionals to share strategies for advancing community prosperity. We’re delighted to partner with Georgia Advancing Communities Together (Georgia ACT) to bring the Summit to Atlanta on October 23-25.
Plan to be part of this pivotal field-building event – our first in-person summit since the pandemic. Get an overview of Summit content. Registration will open in early April. To learn about sponsorship opportunities, contact Suzanne Gunther at [email protected].
Member News
MI Increases Annual Community Development Investments, Expands EITC
On March 7, Governor Whitmer signed HB 4001 into law. The legislation, coined the “Lowering MI Costs” plan, increases the state's Earned Income Tax Credit (EITC) from 6% to 30% of the federal EITC beginning with the 2023 tax year. Under the new law, the state will also annually invest $50 million in corporate income tax revenue in the Michigan Housing and Community Development Fund (MHCDF) and another $50 million in the Revitalization and Placemaking Fund.
The Community Economic Development Association of Michigan (CEDAM) partners with organizations around the state to urge the legislature and administration to invest in affordable housing and push for economic inclusion policies. “Securing sustainable funding for the MHCDF and increasing the state EITC are two of CEDAM’s top policy priorities,” said Jessica AcMoody, Policy Director. “The investments in this bill are major accomplishments for our field. We are excited Michigan is investing in sustainable funding for housing and community development, as well as increasing opportunities for low- and moderate-income families to get caught up on bills, buy necessities, and save for their future.”
Learn more about CEDAM’s policy priorities.
Ohio and Indiana Associations Transitioning to New Leadership
Torey Hollingsworth will succeed current Executive Director Nate Coffman of the Ohio Community Development Corporations Association in April. Nate has led this nonprofit trade association since 2009 and served for 9 years on the NACEDA Board of Directors. Torey brings more than a decade of experience in community advocacy, having most recently served as the Director of the Office of the Dayton City Commission, where she managed the policy work and support staff for the city’s elected leadership. She held previous positions at Greater Ohio and the National Community Reinvestment Coalition.
Jessica Love, former Executive Director of Prosperity Indiana, started a new role as Executive Director of the Retired Indiana Public Employees Association in February. Jessica has been with this statewide membership organization for 12 years, the last five as Executive Director and previously served as Vice Chair on the NACEDA Board.
Funding & Job Opportunities
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