Community Development Research Briefs

This paper explores the role that banks can play in supporting arts and cultural investments in low-income communities. Based on a series of interviews with CRA bankers, it provides examples of how banks are involved in the arts and explores the ways in which banks may receive CRA consideration for investments in community arts organizations. The paper also provides helpful conversation starters to support emerging partnerships between banks and arts organizations.

A shortage of affordable homes for workers and families at all income levels across the country calls for innovative solutions. Over the past decade, a variety of public-private loan funds have developed to kick-start construction and preservation of affordable housing. This report breaks down how these funds fit into the process of developing and preserving affordable housing and shares lessons for those who are considering starting or investing in a fund.

“Empowerment economics” is a multigenerational and culturally responsive approach to financial capability developed by and for low-income Asian American and Pacific Islanders (AAPI) and other communities of color. This report offers a preliminary evaluation framework that is intended to make visible the innovative approaches and potential outcomes associated with empowerment economics.

This Open Source Solutions paper: 1) explores trends driving Medicaid’s efforts to “shift from volume to value” and the implications for federal payment of non-clinical services; 2) examines whether prevention-based savings from the effective use of value-based purchasing would “slide” Medicaid Managed Care Organization (MCO) revenue by a corresponding amount; and 3) considers outcomes-based funding options for health-related prevention and social welfare programs.

This Open Source Solutions paper proposes greater alignment between CRA-motivated capital and the creative economy by highlighting the range of creative places and business activities which have benefited from CRA funding over time. Hopefully this will: 1) bring more attention to these types of projects among community stakeholders; 2) increase awareness of their potential CRA eligibility; and 3) lead to more CRA-motivated investment in the creative economy in the future.

The book features a collection of essays by 80 authors with wide expertise on the social, cultural, and financial implications of orienting programs and funding around outcomes. Together, the authors imagine the creation of a trillion-dollar marketplace for results, where governments, social service providers and partners better understand the full, true costs of achieving social change and where compensation is based on measurable results.

Social Impact Bonds (also known as Pay for Success contracts) have demonstrated significant growth potential within their defined boundaries, but the standard model has not yet developed “mainstream” investment transactions capable of expanding certified evidence-based programs (CEBPs) commensurate with unmet population needs. This paper proposes an enhanced SIB model called “Scale Finance” in which asset owners and fund managers would work with CEBP developers to expand these proprietary programs at their maximum feasible growth rates. If successful, Scale Finance would offer a financially self-sustaining way to effectively solve certain pervasive social problems we already know how to fix.