Document Actions
Community Economic Development
Goals
The Foundation seeks to foster economic well-being for all families and to build economic vitality and sustainability for all communities.
Results Sought
The Foundation invests in organizations and projects that achieve the following:
1: Protect and increase the incomes and assets of low-income families and individuals
- Measurably increase levels of home-ownership, particularly among minorities
- Increase the supply and utilization of high-quality affordable housing so that rates of monthly rents or mortgages for low-income residents do not exceed 30% of monthly income
- Increase income from self-employment or small businesses, especially in rural and minority communities
- Increase availability of and access to non-traditional capital to support home-ownership, asset-building, and economic development
- Ensure equitable distribution of capital
- Eliminate financial practices that negatively and disproportionately target and affect lower-income families and households
2: Increase community control of economic assets and economic independence for the benefit of rural or low-income residents
- Build economically viable, environmentally sound, and socially sustainable local agricultural and business enterprise systems
- Increase economic development activities by capitalizing on existing local community strengths and cultural or environmental assets
Community Economic Development
