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How Non Profits Can Survive Recession  Murray
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How Non Profits Can Survive Recession Murray

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  • 1. Reinventing for the Long Haul
  • 2. Mission
    • Dedicated to:
    • Making homes within the financial reach of Palm Beach County’s low to moderate-income working families
    • Improving economically distressed neighborhoods through a holistic and sustainable approach
  • 3. History
    • Founded in 1992 as Northwood Business Development Corp. to foster job creation & small business development in the Northwood historic business district
    • Broadened our focus in 1998 to address the neighborhood’s need for affordable housing & was designated a West Palm Beach CHDO
    • Completed Palm Beach County’s 1 st Comprehensive Model Block in 2001(Miracle on 34 th St.) & became Northwood Renaissance
    • Expanded in 2006 to help revitalize distressed & underserved communities throughout Palm Beach County & became Neighborhood Renaissance
  • 4. Core Principals
      • Community driven
      • Comprehensive & holistic approach to neighborhood revitalization
      • Guided by sound urban planning principals
      • Equitable solutions for redevelopment
      • Sustainable economic development
  • 5. What is a Community Development Corporation (CDC)?
    • Strategically redevelops areas that are economically depressed
    • Provides for a wide range of activities that stimulate & improve their local economies
    • Develop projects that better their communities including affordable housing
    • Advocate for low-income populations
  • 6. The Value of a CDC
    • Positive outcomes for community residents including connections to community resources
    • Focus at the neighborhood level
    • Quick implementation of new programs – flexible, entrepreneurial & transparent
    • Knowledge of neighborhood issues, trends & local players
    • Bridge between government & the private market
    • Ability to leverage resources & lesson the burden of local government
    • Dedication to the neighborhood’s long-term & sustainable recovery
  • 7. Community’s Vision for Northwood Village The Courtyard: mixed-use residential/commercial & our headquarters Village Centre – mixed-use affordable housing & anchor redevelopment project Northwood art & antique festivals Streetscape improvements to Northwood shopping district
  • 8. and its Neighborhoods Northwood CLT Home Lease/Purchase & Family Self-Sufficiency Program Model Block (Miracle on 34 th Street)
  • 9. Neighborhood Revitalization Strategies
    • Citizen planning for land-use & zoning changes
    • Business recruitment & development
    • Mixed-use redevelopment
    • Infill single-family housing development
    • First-time homebuyer assistance
    • Community Land Trust added as a preservation tool in our business model
  • 10. Key Components for a Strong CDC
    • Committed & engaged board
    • Experienced professional staff
    • Strategic planning
    • Effective partnerships & collaboration
    • Good internal operating procedures
    • Annual meetings, membership development & advisory committees
  • 11. The Perfect Storm
    • Village Centre project politically stalled
    • Economy tanked
    • Contraction of mortgage markets
    • Foreclosures
    • Deep funding cuts
  • 12. Surviving vs. Reinventing for the Long Haul
    • Surviving
    • Staff lay-offs
    • Cut expenses
    • Restructure projects
    • Seek new funding such as NSP
    • Reinventing
    • Direct resources to better meet changing resident needs
    • Adopt new business models
    • Refocus existing staff core capacity
    • Develop new agency core capacity
    • Collaborate & partner
  • 13. New Rules
    • Neighborhood Stabilization
      • decrease the inventory & upgrade the quality of vacant, foreclosed properties in key target neighborhoods
      • plan now for neighborhood recovery & institute needed policy changes
      • continue to advance strategic & catalyst redevelopment projects
    • Affordable Housing Preservation – preserve & reclaim existing homes as affordable rental stock for low to very low-income households
    • Family Economic Self-Sufficiency – provide tenant counseling & case management to help lower debt, raise income & increase savings
    • Collaboration & Partnership – create long-term delivery systems
  • 14. Current Strategies
    • CLT lease/purchase program
      • Northwood, 5 single family homes leased with option to purchase by households earning less than 50% of the AMI. Includes family self-sufficiency component.
      • Financing Partners: Palm Beach County, Comerica, LISC
    • Neighborhood stabilization affordable rental program
      • Purchase, rehab & rent vacant, foreclosed homes to households earning less that 50% of the AMI in unincorporated West Palm Beach for a minimum of 20 years. Includes family self-sufficiency component.
      • Financing Partner: Palm Beach County NSP 1
    • Westgate/Belvedere CRA single family infill homeownership project
      • New construction of 13 hurricane replacement homes to be sold to 1 st time buyers earning less than 80% AMI. Homes are priced to sell without buyer down payment assistance.
      • Financing Partners: Westgate CRA, Palm Beach County, Florida Community Loan Fund
  • 15.
    • For Additional Information Contact:
          • Terri Murray, Executive Director
          • Neighborhood Renaissance, Inc.
          • 510 24 th Street, Suite A
          • West Palm Beach, FL 33407
          • 561-832-6776 ext. 102
          • [email_address]

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