Community development efforts generally involve a range of initiatives that affect the economic, physical and social environment of a neighborhood. They can include the construction of affordable housing, funding for small business development, support for community organization, and improvement of street and neighborhood infrastructure.
More more than 4,600 community development companies and around 800 community development financial institutions (CDFIs) invest more over $ 200 billion a year nationwide. CDFIs provide affordable loans to rural, minority and underserved groups. Yet despite the potential impact on the well-being of residents, most project developers do not systematically consider how their investments could affect people’s health or health equity – the guiding principle that disparities health issues caused by factors such as race, income or geography should be addressed and prevented. But taking these factors into account helps everyone to be as healthy as possible.
With funding from the Health Impact Project, a collaboration of the Robert Wood Johnson Foundation and the Pew Charitable Trusts, three local and national entity initiatives seek to address this challenge and encourage community development funding decisions to advance health. and equity.
Ensure investments reflect community concerns
Forward Community Investments (FCI), a Wisconsin-based CDFI, lends money to nonprofits and co-ops to support projects and…
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- Headline: How Community Development Funding Can Help Support Healthier Neighborhoods
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