News and Insights

That Small Town Investing Magic

07/18/2019

Rosalie Sheehy Cates | It’s magic to watch impact investing happen in a small town. In June, a group of local people met in Missoula, Montana for 90 minutes and crafted a $300,000 loan enabling a nonprofit organization to buy land for an innovative affordable housing development. Their transaction paves the way for Homeword to develop up to 72 new homes and support services that are sorely needed in Missoula.  more »

Home Sweet Home: Working on Equity in Affordable Housing

03/17/2016

Sharon Wade Ellis, Momentum Fellow | When I was a kid, I spent summers with my grandparents in their old and drafty home on Chicago's South Side. Old as it was, that home offered refuge, and that garden provided more than nourishment: together, house and garden tied the family closely to their community. They cherished its security and affordability. In the minds of my grandparents, the home and everything associated with it was theirs — but they didn't own it, and therefore knew they could lose it one day. They were lucky. That place — their place — left me with a certainty: everyone has a right to a stable and affordable home. I carry my passion forward to the work I do at Meyer Memorial Trust, finding relief for my nagging ache of wanting to help people access housing that meets their needs. more »

Donors in the Driver's Seat: Mission Investing With The Seattle Foundation

04/06/2015

Allison Parker, The Seattle Foundation | The Seattle Foundation has been involved with mission investing since 2004. Together, foundation-directed impact investments, made from our discretionary funds and donor-recommended investments, made from DAFs, currently total $7.2 million, with 23 open transactions representing 22 different funds. Here's some of what we've learned along the way. more »

What Can Philanthropy Possibly Do About Spiraling Housing Costs?

06/30/2014

by David Wertheimer and David Landers. Acknowledging that funding for affordable housing results from the complex interplay of large economic trends, regional economic and real estate markets, and government policies and policies at the federal, state and local levels, it’s sometimes hard to identify the roles the philanthropic sector can play in this arena. With per-unit development costs for new units now running as high as $250,000-$300,000, there are few if any foundations that have the resources to “build our way” out of this crisis. Yet at our member briefing, we all agreed it’s critical for Philanthropy Northwest members to consider what we can offer to help address this important issue. more »