State & Local Investments

Founded in 1938, the Newark Housing Authority (NHA) is charged with providing low-income city residents with decent, safe, and affordable housing.  NHA is the largest public housing authority in New Jersey (and the eleventh largest in the country), with approximately 10,000 housing units and $338 million worth of construction in the pipeline, including new mixed-income housing, renovated public housing, retail development, a vocational training center, a recreation center, and new green space.  To encourage local participation in higher education, the Authority launched Newark College Promise in 2014, a program which provides annual, renewable scholarships to Newark high school seniors living in public housing who have been accepted into a public New Jersey four-year college/university or Essex County College.

Great Streets is the District’s multi-agency commercial revitalization initiative focused on creating thriving, inviting neighborhood centers.  To do so, the initiative awards grants of up to $85,000 to small business owners to improve their place of business. Read more about Great Streets...

With a $15 million allocation from the District’s FY 2014 budget, The City Fund was established to award grants to District nonprofits working to support Mayor Vincent Gray’s One City Action Plan goals of growing and diversifying the District’s economy, educating and preparing its workforce for the new economy, and improving the quality of life for all DC residents.  Administered by the Community Foundation for the National Capital Region, the grantmaking program awarded $6 million to more than 80 organizations as of early 2015. Read more about The City Fund...

Launched in 2011 in partnership with Hope Credit Union in response to the lack of fresh, healthy foods in many New Orleans neighborhoods, The Fresh Food Retailer Initiative (FFRI) is a $14 million citywide program to encourage supermarket and grocery store development in low-income, underserved communities.  By providing low-cost financing for capital, real estate and related expenses, FFRI aims to enable operators to open, renovate, or expand retail outlets that sell fresh fruits and vegetables. Read more about The Fresh Food Retailer Initiative (FFRI)...

Established in 1985 to infuse Oakland’s neighborhoods with arts and cultural activities that increase exposure to, understanding of, and respect for diverse cultural heritages; promote activities that engage the community; and support the arts in schools and among youth, Oakland’s Cultural Funding Program helps fund Oakland-based art and cultural activities.  In FY2013-14, the program made 70 grants totaling nearly $1 million. Read more about Cultural Funding Program...

Hamilton County Development Company (HCDC) is a nonprofit that supports business growth and job creation in Greater Cincinnati through business incubation, business lending, and economic development programs. Since its inception in 1983, it has approved business loans of over $1 billion, creating over 10,000 new jobs. In 2013 alone, its business incubator housed 47 companies, employing 201 individuals, and graduated seven start-up companies. Moreover, its economic development programs invested $97.7 million in area companies, creating or retaining 1,435 jobs. Read more about Hamilton County Development Company...