California’s Project Homekey coverts hotels into homeless shelter

Built on the success of Project Roomkey, a state program that provided those experiencing homelessness safe space to quarantine after exposure to COVID-19, California’s Project Homekey buys motels and turns them into housing for its homeless population.

California’s drought prompts varying water restrictions

A Cal Matters article discussed California’s drought and the uneven effects it has on water restrictions. A patchwork of state, county and local restrictions reflect the de-centralized nature of water management in the state.

Newly created Vector Fund leverages $20 million MacKenzie Scott grant to deepen RCAC’s impact in Indigenous and rural communities

Rural Community Assistance Corporation (RCAC) recently formed the Vector Fund to house its game-changing $20 million MacKenzie Scott grant, awarded in late 2020.

Building material costs skyrocket, and that’s not all

It is a national problem, building material costs are skyrocketing. And it isn’t getting better anytime soon. The Building Contractors Association stated that in the United States the total lumber package price for the average home right now is up 208 percent. That is, if you can even get all the lumber you need.

New community investments spur growth in CDFIs

A new report from the Federal Reserve Bank of New York highlights several major private sector investments to financial intermediaries, such as CDFIs, that drove large amounts of capital to underserved communities during the global pandemic and beyond.