Impact Alpha News Today

New state legislation in New York would – if passed – create the Bank of Rochester, modeled after the Bank of North Dakota.

Property tax systems are how most of us pay for local government. Even if we don’t own our own homes or commercial spaces, landlords typically pass through the cost of property taxes to tenants. Local property tax systems in turn play a huge role in planning, zoning, placemaking, and capital improvement planning.  Upon closer inspection, property tax systems everywhere overburden some communities while under-burdening others. The pattern of those communities is one familiar to many &m...

The federal CRA is suddenly everything everywhere all at once. Let's break it down.

For decades Chinatowns all over North America have been at the vanguard of community ownership. These neighborhoods were established during a time when East Asian communities faced discrimination elsewhere, leading families and merchants to band together. They collectively acquired properties to provide homes and spaces for their businesses, fostering a sense of unity and belonging. However, these CLTs now confront new challenges, from aging buildings to the allure of these properties to externa...

Join Next City as we explore Chinatown community land trusts' vibrant histories and promising futures.

Racial justice advocates have been demanding for years that federal banking regulators use their authority under the Community Reinvestment Act (CRA), enacted in 1977, to assess whether banks are meeting the credit needs of all racial groups equally. Regulators ultimately did not meet that demand under the new CRA rules and regulations issued on October 24, but there is still a lot to talk about.  Under the existing rules, banks get CRA credit for $300-$400 billion a year in loans made to l...

Join Next City for a roundtable discussion between Oscar Perry Abello, senior economic justice correspondent, and Lyneir Richardson of The Chicago TREND Corporation. These two experts will share their insights into urban development, economic justice, and entrepreneurship. Audience members can expect to hear about experiences, lessons learned, and strategies for building more equitable and prosperous urban communities.  Richardson will discuss his work with Chicago TREND, a social enterpris...

 Register today to learn how minority entrepreneurs are benefiting from new advancements in crowdfunding.

Climate Finance Tracker: Mapping the Climate Finance Ecosystem

We can support a racial equity agenda — despite an environment where its increasingly difficult to even talk about race. Here are three approaches to consider.