Nonprofits in the community development system have become important developers and owners of housing for low-and moderate-income people and those with specialneeds. While the nonprofit housing world is always evolving, the current recession is triggering a new round of activity that is demanding new configurations in many cities.
This paper—authored by Paul Brophy and published by Living Cities—focuses on the changes to CDCs’ business models that are underway, and on how Living Cities can advance the approaches that make good business sense.
The paper explores several intriguing strategies: the creation of partnerships among organizations to produce more affordable housing; new mechanisms for reducing the operational costs of housing producers; and the transformation of CDCs from housing developers into broader community improvement organizations.
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