National Alliance of Community Economic Development Associations                           August 23, 2022

Federal News 

Tell the Fed How COVID-19 Is Impacting Your Community

NACEDA, in partnership with the Federal Reserve System, is promoting the 2022 COVID-19 Community Impact Survey. The goal of the survey is to better understand how the effects of
COVID-19 are evolving within low- to moderate-income communities and among the organizations serving them. Please respond to the survey to provide feedback on housing instability, supply chain disruptions, inflation, employee retention, and other issues you feel are important to track.

We are excited to be a part of this national, collaborative effort to ensure we have the best information on the continued impact of the pandemic in your communities and to inform equitable recovery programs, policies, and investments. Please take the survey by August 31.

NACEDA Submits Comment Letter to Reform the Community Reveinment Act

NACEDA submitted its comment letter to the federal agencies that regulate the Community Reinvestment Act (CRA)  and supported numerous NACEDA members and partners in crafting their comment letters  before the August 5 deadline. CRA shapes how financial institutions behave in low- and moderate-income communities and how they deploy resources through the community development industry.

NACEDA’s comment letter lists seven priority areas of improvement for the proposed rule. They include comments on how CRA can incorporate race into exams, clarifying the role of community-based development organizations, ensuring more banks have community development responsibilities, and making more CRA-related data public, among other top priorities. Changes to the Community Reinvestment Act will chart the community development sector's course for a generation or more.

Member News 
Massachusetts CDCs Invested $1.4B in Local Communities in 2021 

The Massachusetts Association of Community Development Corporations (MACDC) released their 2022 Growing Opportunities, Assets, and Leaders (GOALs) report, which documents much of the collective impact of Massachusetts CDCs in calendar year 2021. The report shows that they invested more than $1.4 billion in local communities – the largest annual investment made by Massachusetts CDCs in their history – and served 86,124 families. 

“For 20 years, MACDC has produced our annual GOALs report to both publicize the great work of our members and to ensure transparency and accountability for the field,” said MACDC President Joseph Kriesberg. “We use this data to make the case to policymakers, to identify trends in our field – both good and bad ones – and to learn how individual CDCs are performing so we can address problems and replicate success.” The report also features stories from CDCs that showcase the work behind these numbers. 

“The GOALs report is a consistently high-quality resource and a member report that others should look to as a gold standard,” noted NACEDA Thriving Networks Director Jeremy Brownlee.

Partner News
National Association of Latino Community Asset Builders Will Convene In DC

NALCAB conference in DC
The upcoming 2022 NALCAB National Conference on September 7-9 in Washington, DC brings together Latino community-serving organizations, funders, industry leaders, and innovators who are working to promote Latino economic advancement and social justice in post-pandemic America. The three-day event will feature a Public Policy Forum, hands-on interactive workshops, and sessions focused on nonprofit management and community economic development. View the agenda & register by August 31.

Apply for the NeighborWorks Achieving Excellence Program By September 16

Conducted in collaboration with Harvard University, the NeighborWorks Achieving Excellence Program is designed for high-achieving senior leaders at community-serving nonprofits. It provides them with executive coaching and peer support to transform their organizations for greater impact and address their top organizational challenges and opportunities. NACEDA’s Frank Woodruff and several NACEDA members have participated in the program and found it to be exceptionally valuable. The application, due September 16, includes essays and an organizational 
“co-commitment letter”. Register for the informational webinar on August 31 and explore more resources.

Funding & Job Opportunities 

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