How do you raise the standard of living in the poorest neighborhoods in the country?
That’s what community developers, typically nonprofits that build and finance affordable housing, have tried to do over the last few decades. And yet [...] many of these communities remain stuck in poverty. [...]
This problem has stumped community developers for decades. But two local nonprofits think they’ve hit on something: They’ve created a private equity fund.
— marketplace.org
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