How Gov. Whitmer’s $100 million MHCDF funding proposal could expand affordable housing and shape Michigan’s economy
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How Gov. Whitmer’s $100 million MHCDF funding proposal could expand affordable housing and shape Michigan’s economy

Today, Gov. Gretchen Whitmer announced her proposal to allocate $100 million for the Michigan Housing and Community Development Fund (MHCDF). These funds would be used for rental housing, rehabs, home ownership projects, and downtown development initiatives to alleviate affordable housing needs in Michigan. On a broader scale, this funding would have ripples of impact across...

Using Children’s Savings Accounts for Economic Inclusion: A Q&A with Bonnie Gettys, Rep. Julie Calley and Jessica AcMoody
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Using Children’s Savings Accounts for Economic Inclusion: A Q&A with Bonnie Gettys, Rep. Julie Calley and Jessica AcMoody

At CEDAM, one of our current policy priorities is to secure statewide funding for Children’s Savings Accounts (CSAs), which are community-led programs that automatically enroll students in interest-bearing accounts that will grow until they graduate from high school. These programs are designed to improve family financial literacy, boost educational attainment for low-income children, promote post-secondary...

Driving recovery and inclusion: A Q&A with Joan Nelson, Kristi James and Jessica AcMoody about community economic development
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Driving recovery and inclusion: A Q&A with Joan Nelson, Kristi James and Jessica AcMoody about community economic development

In our first Summer of CEDAM webinar, we had the opportunity to discuss how community economic development can be used to uplift Michigan communities as we emerge from the COVID-19 pandemic. At CEDAM, we believe that economic growth begins with access and equity – and that’s why we placed special emphasis on community economic development...

CEDAM to spotlight the impact of Children’s Savings Accounts  on generational wealth
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CEDAM to spotlight the impact of Children’s Savings Accounts on generational wealth

The organization’s July 12 webinar will host a state representative and foundation leader to discuss firsthand experience with Children’s Savings Account programs in Michigan. LANSING — The Community Economic Development Association of Michigan (CEDAM) will highlight a groundbreaking savings program to close the wealth gap on July 12 as part of their Summer of CEDAM...

Why community economic development can be used as a tool to promote equity
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Why community economic development can be used as a tool to promote equity

At the end of the day, community economic development (CED) is about equity.  The idea of “community” goes far beyond the residential block — communities set the stage for residents, families, and countless generations to grow and thrive. They encompass a cohesive, nuanced system of all things in our environment that impact our well-being: businesses,...

Community leaders: 3 ways to use your federal stimulus to reduce poverty
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Community leaders: 3 ways to use your federal stimulus to reduce poverty

By Luke Forrest As we emerge from a pandemic that hit low-income workers and children inordinately hard, your community will soon deal with an injection of money that could have unprecedented impacts on eliminating poverty. As the head of a nonprofit that has worked on anti-poverty issues since 1998, I can’t state strongly enough that...

Governor Whitmer’s Budget Proposal Includes funding for key community economic development initiatives
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Governor Whitmer’s Budget Proposal Includes funding for key community economic development initiatives

FOR IMMEDIATE RELEASE  February 11, 2021 Whitmer’s budget recommendations include $2 million for Children’s Savings Accounts (CSA) programs and $10 million for the Michigan Housing and Community Development Fund (MHCDF) LANSING, MI—Governor Whitmer’s budget proposal released today includes appropriations for key community economic development initiatives. The proposal includes $2 million for Children’s Savings Accounts (CSA)...

Michigan should take action to get more households banked
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Michigan should take action to get more households banked

Written by Madeleine March-Meenagh and Brian Rakovitis, CEDAM Being banked is foundational to good financial health. Without a checking or savings account, “unbanked” households pay more in fees and interest for financial products than banked households— yearly they pay up to $3,000 per household, have limited access to credit, and lack protections for their money....

Getting to know Melvin Henley, CEDAM’s new coalition manager
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Getting to know Melvin Henley, CEDAM’s new coalition manager

CEDAM is excited to introduce its new coalition manager, Melvin Henley! Melvin was previously an organizational development consultant and strategy specialist at Nonprofit Enterprise at Work (NEW) and joins the CEDAM team with a wide range of experiences including strategy planning, board development and more. I met with Melvin (over Zoom) to learn more about...

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