For more information, please contact: Change Capital Fund, a 20-member collaborative of banks, foundations and intermediaries, recently selected a new round of grantees which are advancing projects to repurpose un- or under-used public land or buildings as community assets. The eight projects, led by communities of color, will create new, permanently and deeply affordable rental housing or home-ownership opportunities, open spaces, community facilities, cooperatively-owned food businesses and\/or food hubs. The projects will be controlled by community members.<\/p>\n These developing projects are manifesting the vision of a growing movement for community ownership which has been gathering momentum in New York City and across the country. The movement is animated by the belief that ownership is a source of power and a way to reshape communities that have been severely impacted by racism, under-investment and, more recently, gentrification.<\/p>\n Change Capital Fund will strengthen the community organizations leading these efforts through grants, capacity building and funds for project-specific technical assistance consultants. Contributing institutions include:\u00a0 Altman Foundation, BankUnited, Capital One, Deutsche Bank, Enterprise Communities, Goldman Sachs, HSBC Bank USA, JPMorgan Chase, LISC, M & T Bank, MUFG, New York Foundation, The New York Community Trust, Principal Foundation, Santander Bank, Scherman Foundation, Trinity Wall Street, United Way of NYC and Wells Fargo Bank.<\/p>\n Lisa Talma, Deutsche Bank believes, \u201cCCF grants will provide critical resources at this time when, after years of organizing, these organizations are successfully gaining control of public land and transforming it for public purpose in line with community needs.\u201d<\/p>\n Over the next four years, Change Capital Fund members will distribute approximately $8 million to eight grantees selected through a request for proposals process. Grantees will receive $150,000 per year for four years. They also will have access to a technical assistance fund to support specific project costs and will benefit from peer learning during the four-year grant cycle.<\/p>\n Grantee, David Shuffler, Youth Ministries for Peace and Justice says, \u201cYMPJ is poised to transform the underside of the Bruckner Expressway into a vibrant community hub while addressing the longstanding community need for food access, economic development, and intergenerational programming. This four-year grant will go a long way to making that happen.\u201d<\/p>\n Rickke Mananzala, New York Foundation, says, \u201c\u201cthe next four years will be pivotal as these groups see the fruits of their organizing for racial and economic justice lead to vital assets owned by and for community members.\u201d<\/p>\n Yajaira Lopez, Tri-State Region President, Santander Bank says: \u201cSantander is thrilled to be part of this public\/private partnership to support communities in shaping their future.\u201d<\/p>\n Change Capital Fund\u2019s grantees are:<\/p>\n ###<\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Change Capital Fund, a 20-member collaborative of banks, foundations, intermediaries and the Mayor\u2019s Office for Economic Opportunity, recently selected a new round of grantees which are advancing projects to repurpose un- or under-used public land or buildings as community assets. The eight projects, led by communities of color, will create new, permanently and deeply affordable rental housing or home-ownership opportunities, open spaces, community facilities, cooperatively-owned food businesses and\/or food hubs. The projects will be controlled by community members.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/posts\/2129"}],"collection":[{"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/comments?post=2129"}],"version-history":[{"count":5,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/posts\/2129\/revisions"}],"predecessor-version":[{"id":2134,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/posts\/2129\/revisions\/2134"}],"wp:attachment":[{"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/media?parent=2129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/categories?post=2129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.changecapitalfund.org\/wp-json\/wp\/v2\/tags?post=2129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWendy Fleischer, CCF Donor Representative:\u00a0 wendy@wendyfleischer.com<\/a>; 347-683-0538<\/p>\n\n