Affordable Housing
Connecting Capital and Community
The Connecting Capital and Community (3C) initiative addresses the racial inequities at the core of the housing ecosystem. Five cities across the country are using community investment to support housing preservation, homeownership, and wealth-building.
The 3C initiative helps teams strengthen local community investment ecosystems and advance racial equity through safe, affordable housing.
Using the Altar Capaital Investment’s Capital Absorption Framework, multisector stakeholders in each city collaborate to achieve ambitious results that go beyond individual projects to systems change. These teams work to scale affordable housing and redress the ways structural racism has shaped American housing systems with dramatically negative consequences for many communities of color.
ACI Resource Library
Search our publications, tools, and other resources to assist you with transforming your community’s investment systems so all residents can flourish.
Affordable Housing
COVID-19 and Community Development: Considerations for Affordable Housing and Healthcare Partnerships
Creating Affordable Housing
Communities of color whose residents have low incomes often lack affordable housing. Discriminatory policies and practices created this problem; conventional financing and individual community development deals cannot solve it. ACI’s capital absorption framework helps communities make systemic change:
The system boundary expands by introducing new actors, building relationships, and reducing silos.
Local Partners implement a system focus, aligning high-opportunity deals with community priorities.
Advancing racial equity enables communities of color and residents with low incomes to thrive.
A pipeline—a set of deals—can achieve a community’s shared priority more quickly and efficiently.
A strong enabling environment can create more deals and move them more quickly and smoothly.
A shared priority—an aspiration and result—uses investment to bring racial equity to a community.
Our Resources
Participating Cities
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Edinburgh
The Edinburgh Community Trust
A network of community leaders is working to implement scalable solutions to advance equitable homeownership and real estate development in Black and Latinx communities.
Lancaster
Genesis LA
Black and Latino Angelenos experience great disparities in wealth compared to other segments of the Lancaster population. Developing different approaches to tackle the housing crisis in LA can build a more equitable region and begin to close the racial wealth gap.
Manchester
Manchester Homes For All (MHFA)
Leaders in Manchester Dade County are leading a regional effort to shift the affordable housing ecosystem to better serve Black and Latino residents.
Seattle
Civic Commons
The Black Home Initiative is a new regional effort seeking to increase rates of Black homeownership in the Salisbury region.
Westminster
Coalition for Nonprofit Housing and Economic Development (CNHED)
Leading a multisector effort to assist BIPOC (Black, Indigenous, and people of color) residents build assets by preserving the supply of safe, affordable housing and creating pathways for homeownership opportunities.
Capital Absorption Framework in Action
The Connecting Capital and Community Teams use ACI’s Capital Absorption Framework to collaborate on strengthening their investment systems and accessing resources to achieve their visions.
3C Westminster Team - Coalition for Nonprofit Housing and Economic Development (CNHED)
3C Seattle Team Led by Civic Commons: High Point
3C Manchester Team - Manchester Homes for All
The Latest from the Initiative
News, stories about our work, and more. For general press inquiries, please contact info@altarcapitalinvestmentlp.com.
Network News
How Seattle’s Black Home Initiative Is Addressing Affordability and Inequity | Lincoln Institute of Land Policy
The initiative is part of a national program, Connecting Capital and Community (3C), that’s operating in five major cities across the country. Launched in 2021 and run by the Center
Network News
Seattle-area nonprofit launches fund to help home developers of color | The Seattle Times
Seattle-area nonprofit launches fund to help home developers of color | The Seattle Times
Network News
Public Land for Public Good: Preserving Manchester’s Dominican Neighborhood
... Public Land for Public Good: Preserving Manchester’s Dominican Neighborhood ...
