September Newsletter: CCF, Grantee, and Donor News

Newsletter:

CCF In The News
“One out of five New Yorkers live in poverty. But poverty is not randomly distributed in every neighborhood. In neighborhoods of concentrated poverty-where poverty rates are upwards of 30 percent-nonprofit service providers work in a myriad of ways to help children and families in need with education, job training and placement, and housing assistance. But, often hamstrung by chronic underfunding and a siloed approach to government contracting, these organizations are not able to realize their full promise.[space_20]
“In May 2014, Change Capital Fund (CCF) embarked on a four-year, $5 million project to better enable community development organizations to develop and implement high-impact interventions to address the city’s persistent poverty,” writes New York Community Trust Senior Program Officer Patricia Swann in this Renewal Project post. [space_20]
 

[space_20]1010 Wins The Bottom Line ran a segment on September 16 about how CCF grantee Cypress Hills Local Development Corporation’s CHAMPION program is helping young adults get jobs with living wages and advancement opportunities.[space_20]

[space_20]Tune in to iHeart Media LITE FM 106.7 on Sunday October 9 at 7am to hear CCF’s Wendy Fleischer and Fifth Avenue Committee’s Michelle de la Uz discuss poverty and the impact the CCF initiative is making in local communities.

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New Settlement Apartments received a $1.1 million YouthBuild grant from the U.S. Department of Labor. The program seeks to “help young people struggling to reach key educational and career milestones and to equip themselves to be successful in the workforce and engaged in their communities”. Learn more about their work here.
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Fifth Avenue Committee (FAC) received a $100,000 grant from the Neighborhoods First Fund (NFF) to support its community engagement work in Gowanus, which is one of five neighborhoods recently identified by the City for rezoning.
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St. Nicks Alliance is hosting its 4th annual Touch-a-Truck fundraiser on Saturday, Oct. 1.  The event raises operating funds for the BK Story Voyager, a fun book distribution system that promotes a passion for reading in the lives of children in underserved communities.  Learn more here.
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Cypress Hills Local Development Corporation‘s Summer Youth Employment Program was a tremendous success, serving 700 young people. Participants worked with the community’s seniors and kids in summer camp, received valuable employment experience, and developed as leaders.
 

CCF Donor News

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Enterprise NY joined public officials and more than one hundred community development leaders at the Citi Foundation’s conference, ” Promoting Economic Mobility: Evidence to Action for Communities.” As a Citi Community Progress Maker grantee, Enterprise will apply lessons learned at the conference to support its work.
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NYC CEO will work on Mayor de Blasio’s newly created Nonprofit Resiliency Committee, which will offer opportunities for collaboration and expand lines of communication between the City and the nonprofit human service sector.

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Citi Community Development funded the Report on Homeownership & Opportunity in New York City, which was recently issued by the NYU Furman Center. By analyzing recent home sales data and examining the potential purchasing power of households at various income levels, the report finds that more than half of New York City homes are unaffordable to the majority of households — including those earning more than $100,000. [space_20]
An independent study by the Economic Mobility Corporation (Mobility) has found that LISC Financial Opportunity Center participants have greater success in meeting their financial goals than do people in programs offering employment assistance alone.