OppCo is pleased to announce that Lena Park Community Development Corporation has joined our network of CDCs, receiving comprehensive human resources support through OppCo’s HR Department. As OppCo enters a new chapter of single-service partnerships, we are energized by Lena Park CDC’s leadership and Board stepping forward as early adopters—helping to shape what this next phase of collaboration can look like for the field.

The Barr Foundation has awarded OppCo an 18-month grant to support our participation in Barr’s Reimagining Capacity Building Pilot Projects Cohort. This new initiative is part of the Barr Foundation’s Sector Effectiveness program to strengthen the region’s nonprofit infrastructure and inspire new, locally grounded models for supporting nonprofits.

Kathy McGilvray, OppCo’s CEO, will be stepping down in mid-October to accept a significant new role as Executive VP of Finance Programs at MassDevelopment. The Board of Managers has appointed Jessica Boatright as Interim CEO to ensure a smooth transition. Jessica is a proven community development leader with over two decades of experience in affordable housing, strategy, and innovation.

In 2024, Opportunity Communities (OppCo)—a nonprofit dedicated to strengthening CDCs—launched the OppCo Housing Accelerator Fund (HAF). This revolving loan fund provides fast, affordable predevelopment and acquisition financing, giving CDCs the agility to compete in a high-cost housing market and preserve homes for long-term affordability.

OppCo is thrilled to announce that First Citizens Bank has invested $1 million through an Equity Equivalent Investment (“EQ2”) to support The Neighborhood Developers’ anti-displacement strategy. The funds will be managed by OppCo as part of the OppCo Housing Accelerator Fund.

Homes for Equity collaborators completed The Past is Not Past: Confronting the Legacy of Housing Discrimination in Roxbury, a two-part series on both ends of Fair Housing Month exploring homebuying discrimination.