Team City First – City First Foundation

THE FUTURE OF URBAN RESILIENCE December 7, 2018 / Key takeaways of the City First Community Development Finance Impact Forum/ Blog Socio-economic stresses in the form of racial inequality, housing instability, inequitable education, and toxic environmental exposure are increasingly felt by urban populations, and threaten the progress and resiliency of seemingly prosperous cities. Healthy urban infrastructures are critical to mitigating the impacts of man-made and natural disasters. Leaders from the public, private and nonprofit sectors must collaborate to develop holistic solutions that enable our cities to thrive in the face of change. Public, private and nonprofit sector leaders shared their…

Guide to Socially Responsible Investing

November 15, 2018Team City FirstArticle

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SerenityShares is a Registered Investment Advisor that designs strategies to simplify the investment process and supports the UN's Sustainable Development Goals of protecting the planet. Our goal is to provide investors with a better way to invest their core investable savings, while never losing sight of making a positive impact through their investments. READ MORE

The Future of Affordable Housing Investment

November 6, 2018Team City FirstArticle, blog

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THE FUTURE OF AFFORDABLE HOUSING INVESTMENT October 24, 2018 / Key takeaways of the City First Community Development Finance Impact Forum/ Blog Coffee & Conversation Brian Argrett, President and CEO, City First Bank The purpose of this event is to bring together frontline changemakers in affordable housing. We would like you to leave this event more informed, driven, and connected to address the need for affordable housing. We also want you to come away with ideas to take back to your organization that can be implemented. It’s also important to keep in mind that economic disparities overlap with racial disparities. Who is in the…

What a Big Bank is Doing to Boost Economic Opportunity in a Single City

November 6, 2018Team City FirstArticle

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As the GOP finalized its Tax Cuts and Jobs Act late last year, it was already clear that the legislation would mean additional profits for major corporations, on top of their already impressive earnings in an economy that’s working—for them, at least. The nation’s largest banks are no exception. At JPMorgan Chase, for instance, start-of-year estimates pegged the company’s tax windfall at $4 billion a year, a boost that prompted the bank to up its philanthropic commitments by 40 percent. READ MORE

Data Presentation: Ed Lazere, DC Fiscal Policy Institute

October 26, 2018Team City FirstArticle

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As part of our 2018 The Future of Affordable Housing Investment data presentation, the executive director of the DC Fiscal Policy Institute, Ed Lazere, gave this presentation on the DC affordable housing problem. LEARN MORE

Breakout Session: Allison Hickman, CohnReznick

October 26, 2018Team City FirstArticle

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As part of our 2018 The Future of Affordable Housing Investment breakout sessions, a senior manager of CohnReznick, Alison Hickman, gave this presentation on Public Private Partnerships: Trends in Affordable Housing. LEARN MORE

2018 Impact Forum Panel: Executive Director Tyrone Garrett, DC Housing Authority

October 26, 2018Team City FirstArticle

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As part of our 2018 The Future of Affordable Housing Investment impact forum, the executive director of the DC Housing Authority and City First panelist, Tyrone Garrett, gave this presentation on affordable housing developers and financing deals. LEARN MORE

Symposium: Achieving Racial Equity in Housing Outcomes in D.C.

October 23, 2018Team City FirstArticle

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The District of Columbia is becoming increasingly more segregated by race and income. As outlined in the Urban Institute report The Color of Wealth in the Nation’s Capital, this segregation is built on racist public and private practices, and has amplified disparities and inequities in health, education, work opportunities, with effects that continue today. LEARN MORE

Building the Foundation: A Blueprint for Creating Affordable Housing for DC’s Lowest-Income Residents

October 18, 2018Team City FirstArticle

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For the District’s extremely low-income residents, affordable housing can serve as a foundation for overall stability and well-being. Yet the District’s recent efforts to create and preserve affordable homes, whileimportant, have not substantially expanded the availability of housing affordable to city’s lowest-income residents. By examining the subsidy cost of addressing severe rent burden among DC’s extremely low-income residents, this report contextualizes the District’s present investments and outlines a ten-year blueprint to create 30,000 units of deeply affordable housing. LEARN MORE

What’s In the Approved Fiscal Year 2019 Budget for Affordable Housing?

October 16, 2018Team City FirstArticle

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Summary $100 million for the Housing Production Trust Fund $10 million added to the affordable housing preservation fund $1.5 million to provide rent vouchers for families on the DC Housing Authority waiting list $5.1 million new operating subsidies for affordable buildings, including: $3.3 million to make units developed through the Housing Production Trust Fund affordable to the extremely low-income households, $1 million to help existing affordable units to serve lower income levels, and $850,000 for public housing properties redeveloped through the New Communities Initiative $9.2 million added to Targeted Affordable Housing for residents exiting homelessness $9.2 million boost to down…