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1 | Catalyst Action Plan | |||||||||||||||||||||||||
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3 | Objective | Goal | Actions | Resources | Accountability | |||||||||||||||||||||
4 | Short Term (Immediate Actions) | Medium Term | Long Term | |||||||||||||||||||||||
5 | Decenter Whiteness in the Ecosystem | Increase representation / Black voices (Black women's voices), Indigenous voices, other racialized voices in discourse about the ecosystem | Black Community Action Table Connect with different tables (e.g. procurement, national housing strategy group, UNDPAD, Black Knowledge Hub Partners) that are convening in the social/community development space and look to ensure Catalyst has a voice at those tables and vice versa | |||||||||||||||||||||||
6 | Increase investment in Black, and Indigenous anchor organizations / Black, Indigenous and other racialized communities | Track current and committed investments | Black Community Action Table - Support community efforts to organize amongst themselves (e.g. Little Jamaica Land Trust) | |||||||||||||||||||||||
7 | Educate: Raise awareness and understanding around the role of Community Finance in helping to address policy priorities - in particular with regards to the advancement of the Black community and addressing the affordable housing crisis | Create a shared and realistic understanding of what Community Finance is and is not across the ecosystem and the broader public - increase understanding of how community finance works, what it means to be investment ready, and how to get there (clarify/document the different rules for different circumstances, structures and stages of development) - increase comfort to pursue debt financing - increase understanding of community finance as a tool to leverage additional financing | Develop case studies detailing applications of community finance (focus on application to specific policy areas) | Educate ecosystem players (ensure diversity, equity, inclusion and access lens is applied) | ||||||||||||||||||||||
8 | Government Relations Action Table - Convening event around community finance for public policy makers educating them on what social finance is and can do | |||||||||||||||||||||||||
9 | Government Relations Action Table - Educate general public around the potential of community finance through the sharing of stories | |||||||||||||||||||||||||
10 | Black Community Action Table - Identify how existing community finance tools are working for B3 organizations and Black communities | Black Community Action Table - Engage communities through webinars - to both increase awareness and support them in moving through the funding processes / share examples of successful projects (e.g. IRP, home ownership downpayment programs) | Black Community Action Table - Build broad community understanding of the potential for community finance within the Black community | |||||||||||||||||||||||
11 | Black Community Action Table - Support awareness raising around launch of PACU | |||||||||||||||||||||||||
12 | Housing Action Table - Gap analysis amongst affordable housing providers/developers - where can community finance play a role? | |||||||||||||||||||||||||
13 | Create a shared understanding of the definitions of terminology associated with Community Finance - strong, descriptive definitions in accessible / non-jargon / non-technical language - establish shared language for different levels of specialization, sophistication and situations - identify / define where/how language is used differently | Audit of language/terminology to determine where there is confusion, where there is a lack of understanding and where there are differences and creation of resources - ensure that a representative group (representing all parts of the ecosystem) is engaged in the process | ||||||||||||||||||||||||
14 | Establish a knowledge hub / centralized information portal - share information on community finance opportunities - consolidate lists, directories, newsletters and communications from across the ecosystem | Connect with other ecosystem actors (e.g. CCEDNET, Just Economy Institute) to reduce duplication of efforts and promote each other's work | Black Community Action Table - ensure knowledge hub meets needs of black communities | |||||||||||||||||||||||
15 | Map/Define the Ecosystem: Identify how $ flows (from where to who), what stops $ from flowing, the financial tools that work and the circumstances under which they work | Map the flow of $ - identify clear ties to social and economic development and impacts on policy priorities - identify how $ is flowing to Black and Indigenous communities specifically across the ecosystem and its subsectors - identify how different actors are connected, how they can be brought together to do more - help people understand where they land in the ecosystem and what they need to do in that space | Connect with other Ecosystem actors (TIIP, Social Innovation Academy) to capture/audit work that has been done / is underway - Keep work focused on identified policy buckets | Develop a visual representation of how the ecosystem is working - explore development of a Theory of Change for who the ecosystem could be | Black Community Action Table - Explore impact of remittances / capital flow at international level / connection to community finance | |||||||||||||||||||||
16 | Develop an inventory of community finance tools and how they can be leveraged - build an understanding of what works, in what circumstances | Housing Action Table - connect with SI work around leveraging community owned real estate for affordable housing. | Housing Action Table - support efforts to document models with potential for scale / replication | |||||||||||||||||||||||
17 | Build understanding of how resiliency can be created for the system | |||||||||||||||||||||||||
18 | Build/Convene the Network: Promote connections, sharing, and collective action on shared priorities | Establish a Black Task Force on Community Finance | Black Community Action Table - Look at models working in the US that could be applied in Canada. Look to work with different funders to make it a reality (e.g. Black CDFI network) | |||||||||||||||||||||||
19 | Map the network - identify who is doing what, what are the niches - look to building permanence by identifying who in the community is doing good work, and supporting the pillars | Government Relations Action Table - complete audit of who is needed at tables, who is showing up, who isn't and why? | ||||||||||||||||||||||||
20 | Connect ecosystem actors to help them learn how to deploy and flow the resources that do exist within the community | Build on existing place based initiatives aligning with the broader working-group/coalition goals/objectives | Foster better conversations with other tables | |||||||||||||||||||||||
21 | Establish mechanisms to ensure that racialized / marginalized communities are being heard and represented | Support ongoing convening and debate / create platforms for discussion within the ecosystem | Foster effective conversation between those looking for $, those providing $ | |||||||||||||||||||||||
22 | Government Relations Action Table - identify, support and engage leaders (individual and organizational champions) who can play an advocacy role | |||||||||||||||||||||||||
23 | Housing Action Table - engage developers / affordable/coop housing sector (and their action tables) in this discussion - look for ways to work together to increase the flow of financing to affordable housing projects | Connect with other labs. None of the have a mandate to collaborate / broker relationships - recognize that these tables are often very place-based | ||||||||||||||||||||||||
24 | Black Community Action Table - Engage with other black community actors - look for ways to work together to increase the flow of financing to the Black community (e.g. Black Caucus in Mississauga , Black Women in Real Estate Affordable Housing Think Tank) | |||||||||||||||||||||||||
25 | Build partnerships with government and corporate actors - identify existing champions within these spaces | Government Relations Action Table - Identify champions / establish points of engagement | ||||||||||||||||||||||||
26 | Build a Policy Environment that helps ensure a sufficient flow of capital to support social and economic development in Ontario communities | Position community finance as a priority for governments. - Define how Community Finance operates in traditional market spaces. - Develop understanding of the need for patience and the competing priorities between traditional market speed, and the longer-term sustained impact offered through community finance. | Government Relations Action Table - Look to other jurisdictions for effective policy interventions and tactics (tie to work of Black Action Table) | |||||||||||||||||||||||
27 | Government Relations Action Table - develop a one-to-two page case for support | |||||||||||||||||||||||||
28 | Develop policy positions (briefing notes) around key issues where community finance can play a pivotal role: - Participate in ongoing review of policies related to community finance - Connect with work taking place at other policy tables (e.g. housing tables discussing municipal zoning, access to Infrastructure Ontario, sales of surplus lands) | Government Relations Action Table - Identify shared, high-level priorities to advance | Government Relations Action Table - develop series of policy briefs around key policy areas | Government Relations Action Table - develop government relations kit for ecosystem to leverage | ||||||||||||||||||||||
29 | Government Relations Action Table - Engage public servants, educate them on community finance as a tool for addressing policy priorities | |||||||||||||||||||||||||
30 | Ensure policy positions centre the needs/perspectives of Black and Indigenous communities | Government Relations Action Table - identify process to review positions | ||||||||||||||||||||||||
31 | Ensure representative voices (Black, Indigenous, Rural) are involved in all policy discussions | Government Relations Action Table - identify representative voices to engage / begin to build relationships | ||||||||||||||||||||||||
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