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“How do I find the funds for this community development project?”
“How do I reach out to my community?”
“How do I prepare a compelling plan?”
These are questions often asked by community development practitioners in the early stages of considering a project. Understanding the principles and knowing how to navigate the processes that are required for a successful community development project can be challenging.
The Community Development department of the Federal Reserve Bank of St. Louis is pleased to provide Coming Up with the Money: Five Principles for Launching a Successful Community Development Initiative, a resource for both experienced and novice practitioners. “Community development finance” is a term often used to define projects that help low- and moderate-income individuals and small businesses. This updated interactive online resource examines and explains the core principles that are necessary to create a successful community development project. It also provides links to resources and videos that discuss two successful community development projects.
We hope you’ll find this resource helpful and will use it in your community development work.
Kelly Garrett is the executive director of KIPP (Knowledge Is Power Program) St. Louis charter schools.
Eric Robertson is the president of two Memphis organizations: Community LIFT (Leveraging Investments for Transformation) and River City Capital Investment.