National Alliance of Community Economic Development Associations                       October 05, 2022

Federal News 

NACEDA Endorses Legislation to Strengthen the Community Reinvestment Act

While communities and advocates await a final regulation from federal CRA agencies, the House Financial Services Committee has introduced a legislative proposal to address statutory concerns. Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, introduced the Making Communities Stronger Through the Community Reinvestment Act
(H.R. 8833) to end modern-day redlining by making key reforms to the CRA.

NACEDA formally endorsed the legislation in September. “While offering a solid improvement over the status quo, I fear that the regulatory process advancing in its final stages will be far from ambitious,” said NACEDA Executive Director Frank Woodruff. “This legislative proposal would fix that by holding financial institutions accountable to the communities they serve and equitably drive significant resources to community developers in the hardest-to-reach communities.” 


NACEDA Board & Diane Sterner Nominations Open Through October 21

Do you know a community development association leader who displays exceptional leadership and commitment to building prosperous communities? Nominate an exemplary leader for the Diane Sterner Award for Community Development Association Leadership. The award is named for NACEDA co-founder Diane Sterner, who led the Housing and Community Development Network of New Jersey for 23 years. All nominations must be received by October 21. The award will be presented during the NACEDA Summit on November 17.

NACEDA is also currently soliciting board nominations for at least three open seats this year. Help us identify diverse candidates who represent the core values of NACEDA and the community economic development field who might be willing to serve and strengthen us. If you or someone you know are looking to feel more connected to the work that NACEDA is doing and to build a strong relationship with the staff and other board members, submit your nomination today! The board nomination form includes information about responsibilities and the selection process. New board members will serve three-year terms from 2023-2025.

Data Is Power! Be Represented in the National Census Survey 
Grounding Values banner
Are you a nonprofit community developer? You should have received an email from the Urban Institute with a custom survey link. If not, please request a survey. Do you want hard data to highlight nonprofit community developers’ value to funders and stakeholders? Use our survey flier to encourage community developers to complete the survey. 

Commissioned by NACEDA, this is the first national survey since 2005. The survey takes about 30 minutes to complete. It includes questions about production, programs, leadership, needs, and services. All respondents will be entered into a random drawing – and 100 of them will win a $100 Visa gift card. Vanessa Calderón-Rosado of Inquilinos Boricuas en Acción in Boston explains why it’s so important to complete the survey.
Vanessa Grounding Values video
The survey is the second phase of the Grounding Values Study. Survey results will demonstrate the comprehensive nature and effectiveness of community development nonprofits. In the first phase of the study, the Urban Institute analyzed the tax filings of more than 5.000 community development nonprofits. The resulting report, The Financial Health of Community-Based Development Organizations, includes 140 state, metro, and national fact sheets. Read the Shelterforce article about the results of the financial health report.

Funding & Job Opportunities 
Featured Funding Opportunity: Healthy Homes Production Grant 

HUD funding is available for programs that maximize the number of vulnerable residents protected from housing-related environmental hazards; identify and remediate housing-related hazards in privately owned, low-income housing; support public education on housing-related health and safety hazards; build local capacity to operate sustainable Healthy Homes programs; and develop a professional workforce that is trained in healthy homes assessment. Apply by October 18.

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