Money - Community Revitalization Fund

Hurricane Katrina was the costliest disaster in U.S. history. The federal government spent $120.5 billion on damages caused by Hurricanes Katrina and Rita. What role could a $25 million fund play when the damages were so great?

The Community Revitalization Fund was an important vehicle for aligning national and local dollars.

– Jerry Maldonado, Senior Program Officer, The Ford Foundation

Funder Collaborative

The Community Revitalization Fund was structured as a funder collaborative that brought together twelve national and ten local foundations. A grants committee composed of funder representatives made decisions about grant awards based on reports composed by GNOF staff.

Grantees

Community Revitalization Fund awards ranged from small operating grants to large grants, program related investments, and pricing guarantees. Grantees appreciated the flexibility of the awards, because they often provided financing for things that banks would not fund – like operating support, salaries, and data analysis.

Show entries

Grantee	Year Awarded	Total Awarded	Location	Sectors
ACORN Housing	2008	$200,000	Lower 9th Ward	Bricks and Mortar
Affordable Housing Advocacy Coalition	2010	$100,000	city-wide	Other
Artspace	2012	$150,000	Treme	Bricks and Mortar \| Human Resources and Capacity
Bayou District Foundation	2008	$500,000	St. Bernard Project	Land Purchases and Financing
Beacon of Hope	2010	$82,000	Gentilly	Organizational Capacity
Broadmoor Development Corporation	2008	$450,000	Broadmoor	Organizational Capacity
Broadmoor Development Corporation	2013	$100,000	Broadmoor	Land Purchases and Financing
Broadmoor Development Corporation	2013	$50,000	Broadmoor	Organizational Capacity
Center for Community Progress (New Orleans Vacant Properties Initiative)	2012	$125,000	city-wide	Knowledge Production
Center for Community Progress (New Orleans Vacant Properties Initiative)	2012	$10,000	city-wide	Knowledge Production

Previous Next

*pricing guarantee

**$250,000 grant; $750,000 PRI