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Catalyst Action Plan
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ObjectiveGoalActionsResourcesAccountability
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Short Term (Immediate Actions)Medium Term Long Term
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Decenter Whiteness in the EcosystemIncrease representation / Black voices (Black women's voices), Indigenous voices, other racialized voices in discourse about the ecosystemBlack 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
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Increase investment in Black, and Indigenous anchor organizations / Black, Indigenous and other racialized communitiesTrack current and committed investments Black Community Action Table - Support community efforts to organize amongst themselves (e.g. Little Jamaica Land Trust)
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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 crisisCreate 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)
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Government Relations Action Table - Convening event around community finance for public policy makers educating them on what social finance is and can do
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Government Relations Action Table - Educate general public around the potential of community finance through the sharing of stories
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Black Community Action Table - Identify how existing community finance tools are working for B3 organizations and Black communitiesBlack 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
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Black Community Action Table - Support awareness raising around launch of PACU
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Housing Action Table - Gap analysis amongst affordable housing providers/developers - where can community finance play a role?
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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
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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 workBlack Community Action Table - ensure knowledge hub meets needs of black communities
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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 workMap 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
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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
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Build understanding of how resiliency can be created for the system
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Build/Convene the Network: Promote connections, sharing, and collective action on shared prioritiesEstablish a Black Task Force on Community FinanceBlack 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)
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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 pillarsGovernment Relations Action Table - complete audit of who is needed at tables, who is showing up, who isn't and why?
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Connect ecosystem actors to help them learn how to deploy and flow the resources that do exist within the communityBuild on existing place based initiatives aligning with the broader working-group/coalition goals/objectivesFoster better conversations with other tables
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Establish mechanisms to ensure that racialized / marginalized communities are being heard and representedSupport ongoing convening and debate / create platforms for discussion within the ecosystemFoster effective conversation between those looking for $, those providing $
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Government Relations Action Table - identify, support and engage leaders (individual and organizational champions) who can play an advocacy role
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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
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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)
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Build partnerships with government and corporate actors
- identify existing champions within these spaces
Government Relations Action Table - Identify champions / establish points of engagement
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Build a Policy Environment that helps ensure a sufficient flow of capital to support social and economic development in Ontario communitiesPosition 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)
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Government Relations Action Table - develop a one-to-two page case for support
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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 advanceGovernment Relations Action Table - develop series of policy briefs around key policy areasGovernment Relations Action Table - develop government relations kit for ecosystem to leverage
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Government Relations Action Table - Engage public servants, educate them on community finance as a tool for addressing policy priorities
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Ensure policy positions centre the needs/perspectives of Black and Indigenous communitiesGovernment Relations Action Table - identify process to review positions
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Ensure representative voices (Black, Indigenous, Rural) are involved in all policy discussionsGovernment Relations Action Table - identify representative voices to engage / begin to build relationships
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