Last week, Community Vision hosted two impactful events in Los Angeles that underscored our commitment to promoting racial and economic equity, land justice, and community ownership. These gatherings—the CalCORE convening and the Social Purpose Real Estate (SPRE) Summit—offered opportunities for learning, collaboration, and community empowerment.
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Community Vision is is proud to announce its partnership with Camarena Health Center (CHC) in the development of three new Federally Qualified Health Center (FQHC) delivery sites in Madera County. Community Vision closed $7.2 million in financing to support the creation of vital healthcare facilities in underserved communities in the Central Valley region.
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Community Vision is pleased to announce the successful closing of a $3.4 million loan to Integrity Community Solutions (ICS), a wholly owned subsidiary of ROC USA. The loan facilitated ICS’s acquisition of the 84-site manufactured home and RV community in Columbia, Tuolumne County, California, supporting the retention of 54 affordable homes with planned growth to include 38 more.
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Community Vision provided $7.3 million in below-market acquisition financing to Community Media Arts, Inc. (CMA), a partnership between the Community Arts Stabilization Trust (CAST) and KALW Public Media, to purchase the historic Warfield Building located on Market Street in San Francisco’s Mid-Market neighborhood. This strategic financing will enable the creation of a community-centered hub for independent journalism, media, arts, and nonprofit organizations, marking a significant step in revitalizing the neighborhood and strengthening the cultural fabric of San Francisco.
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Community land trusts and community development corporations have a profound impact in fostering sustainable communities. Recently, Community Vision closed several pre-development loans to help get important community-led real estate projects off the ground, connecting capital to community.
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Mercy Investment Services carries forward the legacy of the Sisters of Mercy by championing social justice through impact investing. For nearly 15 years, Mercy has partnered with Community Vision, supporting initiatives that address racial and economic inequities in underserved communities.
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We’re thrilled to announce that Community Vision has received a $15 million grant from philanthropist MacKenzie Scott and her organization, Yield Giving. This is the second gift Community Vision has received from Ms. Scott and will grow our impact in California’s communities of color and low-income communities.
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Southwest Fresno was once a thriving hub of opportunity. The community has endured some of the most severe realities of civic and systemic disinvestment in the city. Today, the Southwest Fresno Development Corporation is using strategic real estate development and homeownership education to restore the community and cultivate economic inclusion.
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South Tower Community Land Trust is leading change in Fresno’s Tower District, a center for the LGBTQ+ community in the Central Valley. Emphasizing community control of land and resources to tackle systemic barriers, they are reimagining community development and fostering grassroots power.
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We are thrilled to welcome Bhavani Daryanani to Community Vision’s Board of Directors! With over 20 years of experience in finance, strategy, and impact investing, Bhavani brings a wealth of expertise to our mission-driven work. Her passion for addressing inequities and guiding organizations toward greater impact makes her a perfect fit for our community-focused mission.
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Founded by dedicated neighbors seeking change, Lowell Community Development Corporation is revitalizing the community by rehabilitating homes and advocating for residents, embodying the power of local action to overcome decades of disinvestment.
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Fresno’s communities, historically affected by disinvestment and discriminatory policies, are forging paths toward more equitable development. In this series, explore some of the ways our clients and borrowers are revitalizing Central Valley neighborhoods and promoting community-driven solutions for economic and racial justice.
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