Banks can be a force for good. It's an idea that's greeted with skepticism in some circles, given the endless list of inequities and disasters perpetuated by our country's leading financial institutions. But if you're a Next City reader, the idea that financial institutions can be part of the solution isn't foreign, given our senior economic justice correspondent Oscar Perry Abello's in-depth coverage of community development financial institutions, credit unions, alternative lending practice and mission-driven banking.

In his debut book, “The Banks We Deserve: Reclaiming Community Banking for a Just Economy,” Abello makes the case that it's time to shake up America's highly-concentrated banking system by shifting banking's power back to local institutions – thereby putting power back in the hands of local communities.

“If we want to close the racial wealth gap, if we want to make these investments in clean energy and energy efficiency, if we want to make the investments in housing that people can actually afford, we cannot and should not be expecting big banks to come and do that,” he says. “They're not built to do it. We should go to the community-based model.”

Listen to this episode to hear how Abello’s new book demonstrates ways banks’ money-creation power can be democratized. Helping communities tap into that power could address our climate, housing and economic crises.

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The housing crisis isn’t just about supply. This episode explores innovative solutions like community land trusts, tenant protections, and expanded assistance programs that are making homes affordable — and keeping them that way.

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This is Lucas Grindley from Next City, a show about changemakers and their stories. We’re off this week but we’ll be back next Wednesday with more inspiring and workable ideas that move our society toward justice and equity. 

If you can’t wait for the next story, head to NextCity.org for the latest coverage. 

As always, we’d love to hear any feedback from our listeners. Please feel free to email us at [email protected]. And if you haven’t already, subscribe to the show on Apple, Spotify, Goodpods or anywhere you listen to your podcasts. We’ll see you next week.

Preserving the stories and spaces that define LGBTQ communities is an act of resilience and resistance. Hear from designers, historians, and activists about the vital work of safeguarding these cultural landmarks and ensuring their legacy endures.

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Stories shape how we see the world. In this episode, we bring together philanthropic leaders to explore how funders are relying on journalism to dismantle harmful narratives, amplify underrepresented voices and create equitable communities.

If you know Next City, it'll come as no surprise that we believe journalism can be a powerful vehicle for racial justice. Here in the nonprofit media world, we've seen countless examples of how philanthropy can help fund that change by funding impactful, community-driven journalism. And it's not just media funders – increasingly funders who might not traditionally focus on media are leveraging storytelling to advance their broader missions of inclusive economies, cultural preservation, health equity and more.

“We think of narrative control as a precondition for long-term change,” says Inés Familiar Miller, program officer at the Kresge Foundation's Arts & Culture Program. “Seeing real people can combat some of those negative narratives where someone else is telling you the story of the immigrant community, of the Black community, of the Indigenous community. It's just not the full picture. And once you hear directly from the people … it could provide like a very different perspective.”

In this conversation, we hear from several funders of Next City's funders, including Miller, Surdna Foundation's Vice President of Programs Patrice R. Green, and Robert Wood Johnson Foundation's Director of Media Relations Jordan Reese, who describe their strategy in funding journalism and media. We also hear from Karen Rundlet, CEO of the Institute for Nonprofit News, on the need to view our country's journalism infrastructure as a public good.

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What happens when a Brooklyn neighborhood takes on deep-pocketed developers? In this episode, we talk to the directors of "Emergent City" and the organizers who fought to preserve Sunset Park’s future.

“Emergent City” (emergentcitydoc.com) documents the 10-year saga of how Brooklyn's Sunset Park community came together to fight a rezoning wanted by deep-pocketed developers. Against all odds, residents won. Filmmakers were there from the very beginning, when developers proposed transforming Industry City, a sprawling industrial site on the Brooklyn waterfront, into a high-end retail and office complex – or, as some residents put it, a “mall.” They were there when Sunset Park residents protested that the Industry City complex, if it won rezoning, would accelerate gentrification and displacement in a neighborhood where about 70% of households are renters. They were there for some 200 days of public meetings.

By the way—this is our 100th episode! Thank you to everyone who has listened over the years. If you'd like to support and celebrate this work, please visit nextcity.org/donate to pitch in.

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IDs aren’t just about identification — they’re about connection. This episode dives into the power of municipal ID programs to foster trust and open doors. We learn from successful programs in two very different cities — New York City and Greensboro, N.C. — that strive to be inclusive.

For undocumented and underdocumented residents, not having an ID can mean being excluded from all kinds of basic services. You can't drive or open a bank account without an ID. You may be afraid to report crimes to law enforcement. The list goes on.

But a few cities across the U.S. are experimenting with municipal ID programs — a simple form of ID that provides anyone, including undocumented residents and the unhoused, a way to access essential parts of their cities. In today's episode, we're learning about Greensboro, North Carolina's FaithAction ID initiative as well as New York City's IDNYC program. Both programs were born out of collaboration between nonprofits, police departments and local governments – and both have been replicated by other municipalities across the country.

“A lot of the clients that come in, sometimes they've recently arrived to Greensboro,” says Araceli Lopez, a community nurse who works at Faith Action International House and helps people get a FaithAction ID card to be able to access medical care. “Maybe five days ago that they just arrived, and they've been having chronic health conditions. The first thing I will ask them if it is if they have an ID, and sometimes they've lost everything on their journey here.”

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In the United States, medical debt isn’t just a financial burden; it’s a reflection of deeper systemic inequities that force individuals to take on “survival debt” — debt incurred just to meet basic needs like health care. Today, Mayor Carter joins us alongside Allison Sesso, the Executive Director of Undue Medical Debt, to explore how cities can lead the charge in addressing medical debt — and what it means to rethink our systems of care, equity, and economic justice.

St. Paul Mayor Melvin Carter joins us alongside Allison Sesso of Undue Medical Debt to explore how cities can lead the charge in addressing medical debt — and what it means to rethink our systems of care, equity, and economic justice.

This week, in the final days of the Biden administration, the federal Consumer Financial Protection Bureau finalized a rule to prevent medical debt from being included in credit scores. It's a reminder that in medical debt isn’t just a financial burden; it’s a reflection of deeper systemic inequities that force individuals to take on “survival debt” — debt incurred just to meet basic needs like health care – and can impact their lives for years to come.

That's why more and more cities, counties and states have been pairing up with the national nonprofit Undue Medical Debt to purchase their residents' debt portfolios from collectors and healthcare providers – and then forgiving the debts en masse, paying mere pennies on the dollar to provide serious financial relief. Many have been using federal funds from the American Rescue Plan to do so.

“We have folks who look at us and say, this doesn't solve health care,” says St. Paul Mayor Melvin Carter, who worked with Undue Medical Debt to erase $100 million in medical debt for thousands of residents. “And I go, no, that's absolutely accurate. This doesn't solve health care for the planet, for the country, for even our city. It does provide a real, clear breath of fresh air for a whole lot of people who need it right now.”

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Today, we nod to the past while paving a new way forward for the future of anti-racist community development. This episode explores the layered history of American community development and the policies that have shaped — if not torn — the fabric of our communities.

If we're going to achieve community development that is actually anti-racist, a baseline understanding of its history is not only a prerequisite.

To build that fundamental understanding, Third Space Action Lab's Anti-Racist Community Development research project documents some of the early exclusionary government policies that shaped U.S. communities and responses of community development, from the Federal Home Loan Bank Act of 1932 to the Housing Act of 1949.

In today's episode, we hear from Tonika Johnson, a social justice artists visualizing the arc of community development in Chicago’s Englewood neighborhood (read more about her Folded Map art project) and historian Claire Dunning, an associate professor at the University of Maryland’s School of Public Policy and author of “Nonprofit Neighborhoods: An Urban History of Inequality and the American State.” 

“The ways that federal housing policy is being designed and implemented is enabling white families to build equity, and Black families, if they're able to buy housing, are not able to build equity at the same rates or in the same kinds of ways,” says Dunning, whose research focuses on how nonprofits have used and critiqued government funding to develop alternative responses to urban problems. “It's just more expensive to occupy housing as a Black family … as a result of the ways that the government has intervened.” 

Plus, we'll hear from Mordecai Cargill, co-founder and Creative Director of ThirdSpace Action Lab, which is documenting the range of ways structural racism still shows up in community development via its Anti-Racist Community Development research project. "Our work was really about trying to conceptualize a working definition of what anti-racist community development might mean," he says, as a starting place.

This sponsored episode was produced in partnership with Third Space Action Lab. Its Anti-Racist Community Development research project was developed with support from the Robert Wood Johnson Foundation. The views expressed here do not necessarily reflect the views of the Foundation. To learn more about strategies for advancing practical, concrete change in the sector, visit The People's Practice.

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