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Federal News
Housing Would Get $150B in Biden’s Revised Spending Framework
Yesterday, President Biden announced a tentative agreement with Congressional leaders on his Build Back Better agenda. The agreement includes over $150 billion in affordable housing and community development investments over ten years. While the announcement represents a historic investment in housing and communities, NACEDA is deeply disappointed that the plan left out the CHDO set aside in the HOME Program. Other NACEDA priorities remain in limbo as well, including whether the Neighborhood Homes Investment Act will be enacted in the Build Back Better agenda’s next iteration. Included in the announcement:
- Rental assistance ($25 billion)
- First generation downpayment assistance ($10 billion)
- Public housing capital improvements ($65 billion)
- Community Restoration and Revitalization Fund ($3 billion)
- Unlocking Possibilities Program to incentivize state and local zoning reforms ($1.75 billion)
- Housing Trust Fund ($15 billion)
- Rural Partnership Program ($873 million)
- HOME Investment Partnerships Program ($9.9 billion)
- Housing Investment Fund ($200 million)
- Program administration, training, technical assistance, capacity building, and oversight
($1 billion)
View the Build Back Better Act bill text to see additional housing and community development investments in the agreement.
NACEDA News
NACEDA Launches Grounding Values Study
NACEDA launched the Grounding Values study, a 3-year research partnership with the Urban Institute on community-based development organizations, at the Resilient Communities Forum and the NACEDA Summit. The study will explore the financial health of these organizations, their capacity to adapt to current needs, and their relationship with the racial equity movement, among other topline issues.
NACEDA Executive Director Frank Woodruff announced the Grounding Values study at the forum during on October 5 session titled, “Grounding Values – Telling New Stories about Community Development Corporations.” Lyz Crane led a discussion about the largest questions driving the study and how these might shape the field with Roberto Barragan of the California Community Economic Development Association, Tahirih Ziegler of Detroit LISC, and NACEDA’s research consultant to the study, Chris Walker.
Review the full graphic notes from the discussion to learn what assumptions from the field would the panel want to confirm or challenge, and what surprising things do the panel think might uncover.
NACEDA partnered with eight state community development and affordable housing associations to present the Resilient Communities Forum, culminating in the NACEDA Summit last week. More than 1,400 members of the community development field participated in this multi-faceted event from October 4 - 20. Registrants can access session materials and recordings. The NACEDA Summit 2021 was made possible by Citi, JP Morgan Chase, TD Bank, Neighborworks America, Fifth Third Bank, and LISC.
Member News
California Association Focuses on Climate Adaptation and Faith-Based CDCs
The California Community Economic Development Association (CCEDA) was featured in Business View Publishing. Roberto Barragan of CCEDA discussed their Climate Adaptation Initiative and highlighted their focus on social equity investing in communities of color that have been forgotten and served for decades. Barragan also spoke about the initiative during the NACEDA Summit 2021.
Another recent work of CCEDA is a Faith-Based Community Development Corporation Initiative. Latinx and African American faith-based organizations in Los Angeles, Inland Empire, Riverside, and Orange counties can receive free training to create CDCs and learn about the history of community development, inter-faith efforts, and partnerships. Through this initiative, faith-based organizations will learn how to build strong community development organizations and develop budgets and financial projections.
Funding & Job Opportunities
 
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