Be Brave, Make Banks Behave!
Tuesday, December 22, 2015



Webinar: FHFA Duty to Serve | December 22
The Federal Housing Finance Agency (FHFA) has issued a new Duty to Serve proposed rule requiring Fannie Mae and Freddie Mac to increase their secondary market activities to help very low-, low-, and moderate-income families buy or rent a home. Read the proposed rule, the fact sheet, and register here.

Industry News

Sharon Alpert Joins Nathan Cummings Foundation as President and CEO

Having served as program officer and director, respectively, at the Ford and Surdna Foundations, Ms. Alpert joins the Nathan Cummings Foundation as its chief executive officer. 


Joint Center for Housing Studies offers America's Rental Housing: Expanding Options for Diverse and Growing Demand, a report addressing the challenge of affordable rentals in a time of rising overall demand.

Enterprise Community Partners offers Promoting Opportunity through Equitable Transit-Oriented Development, a report showing barriers and remedies for low- to moderate-income families seeking housing.

Opportunity Agenda for Renters: The Case for Simultaneous Investments in Residential Mobility and Low-income Communities, published by the Center for American Progress, discusses how to support both affordable housing and economic opportunity. Webcast of report release available here. 


2016 Discount Legacy Award Nominations Are Open!

Jobs With Justice Education Fund and the Neighborhood Funders Group offer this $20,000 award to an exemplary individual from the worker justice movement. Deadline January 10

Invest Health Now Accepting Letters of Intent | Robert Wood Johnson Foundation and The Reinvestment Fund
Up to 50 mid-sized cities will be chosen to collaborate on ways to improve health in low-income neighborhoods. Awardees will receive a grant of up to $60,000. Submit letter of intent by January 29.

Be Brave, Make Banks Behave!
Josh Silver, NCRC
Announcement of a bank merger may seem like the end of a process, but its actually an important opportunity for groups to speak up to voice a community's banking needs and hold banks accountable. Here are some tips . . .  More 

This Is Your Nonprofit Brain on Stress
Brent Kakesako, Hawai'i Alliance for Community-Based Economic Development
Technology may assist us and our partners in recording our ideas, but it may also create a treadmill of administrative, marketing, and other work that takes away from our having a more substantive impact on our communities, and so we ask people to unplug in these spaces . . .  More 

"Paying for Success" comes to Supportive Housing
John Perovich and Jacob Moy, Third Sector Capital Partners
A program to keep the most vulnerable segment of the homeless population housed measures outcomes rather than outputs. How are private funders, government, and service providers unlocking the data that will . . .  More  

More Than a Bag of Canned Goods
Colleen Flynn, LISC NYC
CDCs have been building community gardens and financing grocery stores, and now some are also reimagining the food pantry . . .  More 

While we discourage being caught up in the consumer culture and encourage everyone to shop locally, we do know that many people buy from Amazon. If you do, each time you make a purchase you can support Shelterforce at no cost to you! Click on the link to make Shelterforce your selected nonprofit so that every time you purchase something a portion of the sales price goes to us. With your cost-free donation, you'll be helping us bring you more articles and news, and more insights and inspiration.
Click this link to sign up!

You Said It!

"It may be important to look at the Oakland land trust format. Cities need to just outsource affordable housing to an organization that can manage it. Or create an office that manages all the affordable units, making sure they stay affordable in perpetuity." --Nic Jay on Have We Been Wasting Affordable Housing Money?

"ESOPs only work when employee groups can pay high fees to consultants and outside CPAs to develop an elaborate administrative plan -- often costing as much as $200,000 . . . There need to be more sources of sympathetic 'private equity' investors willing to take a minority stake in these companies." --Bruce Dobb on  Employee Ownership: A Solution that Preserves Retiring Owners' Businesses 

"Thanks for writing this. The NY Times frequently gets gentrification wrong. In 2014 it wrongfully identified Oakland as 'Brooklyn By the Bay,' relying on the improvement of isolated businesses to show an allegedly 'gentrified' city . . . It's as if reporters go in with a story line and do not let facts get in the way." --Randy Shaw on Equitable Development in Shaw 


"When your issue comes to the office, I stuff it in my purse RIGHT AWAY! It is SO helpful to have succinct articles written by practitioners. When you're in this work, there often isn't time or a budget to travel to some of these projects or to go to a conference. Your articles have at least the equivalent value of the travel, lodging and time it would take to be on-site at some of these places. Instead of hours of researching online, your magazine gives the names and principals for best practice, vetted organizations! . . . [Issue 175/176] IS AMAZING! Every article is relevant and critical for our staff to read. --Tamar Rothaus, Director of Finance and Administration, PUSH Buffalo 

The Answer

Do inclusionary housing requirements make housing prices go up for everyone else?

A: No, they do not.

Market-rate developers are business people. They charge as much as the market will bear. When housing prices go up, they charge more; when housing prices go down, they ask less. Developers are "price-takers" not "price-setters" because they only control a tiny share of the housing market. A large majority of rental and for-sale housing is located in existing buildings, not in brand-new buildings, limiting the influence of new housing, and inclusionary requirements, on home prices.

The Answer is for you to use. You can download a PDF to print here

Looking for a Job?

Editorial Position

President and Chief Executive Officer National Low Income Housing Coalition 

The National Low Income Housing Coalition is a Washington, D.C.-based nonprofit organization dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes. Founded in 1974 by Cushing N. Dolbeare, NLIHC educates, organizes and advocates to ensure decent, affordable housing for everyone. NLIHC's goals are . . .
Read Full Listing 

Shelterforce magazine, the voice of community development, is seeking a sharp, organized, detail-oriented, flexible, cause-driven person to join our small editorial staff. We are a 40-year-old nonprofit that publishes both online and in print, serving practitioners working in the fields of affordable housing, community development and reinvestment, community organizing, community planning, creative placemaking, progressive urban planning, community economic development, racial and economic equity and justice, and related fields and movements . . . Read Full Listing

More Job Listings

In This Issue

 Like us on Facebook     Follow us on Twitter     View our profile on LinkedIn 

Featured Bloggers
Center for Health, Environment & Justice

Housing Assistance Council

Michael Bodaken
National Housing Trust

Raphael Bostic
USC Price School of Public Policy

Janis Bowdler
JPMorgan Chase & Co.

HOPE Credit Union

Burlington Associates

Democracy Collaborative

Tufts University

Jamaal Green
Portland State University

Lisa Hodges
Hodges Development, LLC

Planner, Louisa County, Va.

National CAPACD

Rick Jacobus
Street Level Advisors

Opportunity Agenda

Daniel Kravetz
Freelance Writer


National Housing Institute

Alexandra Moffett-Bateau
City University of New York

Tulane University

Habitat for Humanity

National Urban League


ACLU Maryland

Center on Budget and Policy Priorities  

San Francisco Community 
Land Trust

Shop our bookshelf at 

Subscribe to 
It's free! Click here!

Shelterforce Weekly 
with your colleagues...

Help support the voice of community development 

Donate Button
Your Voice!

Shelterforce Weekly

Associate Editor, Keli Tianga

Publisher, Harold Simon 

Assistant Publisher, Terri L. Clegg