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Division of Housing and Community DevelopmentFY22 Strategic Community Investment Fundy\'22 Strategic Community Investment Fund (SCI)HOUSING OPPORTUNITIES FOR PERSONS WITH AIDS (HOP WA) PROGRAMPublished
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How to fill out strategic community investments

01
To fill out strategic community investments, follow these steps:
02
Define your goals: Determine the objectives you want to achieve through your community investments.
03
Assess community needs: Conduct research to understand the specific needs and challenges of the community you aim to invest in.
04
Identify potential projects or initiatives: Based on the assessed needs, identify projects or initiatives that align with your goals and can address those needs effectively.
05
Allocate budget: Determine the appropriate budget for your community investments based on the scope and scale of the identified projects.
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Establish selection criteria: Develop clear criteria to evaluate and select the projects or initiatives that will receive funding or support.
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Communicate and engage with stakeholders: Inform relevant stakeholders about your community investment plans and involve them in decision-making processes when appropriate.
08
Monitor and evaluate progress: Regularly assess the progress and impact of the invested projects or initiatives to ensure they are effectively serving the community's needs.
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Adjust and adapt: Continuously learn from the outcomes and feedback received, and make necessary adjustments to your community investment strategy.
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Communicate results: Share the achievements and impact of your community investments with stakeholders and the community to demonstrate accountability and transparency.
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Rinse and repeat: Maintain an ongoing cycle of strategic community investments, continuously refining your approach based on lessons learned and changing needs.

Who needs strategic community investments?

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Strategic community investments are necessary for various individuals and organizations, including:
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- Non-profit organizations: Community investments help non-profits address critical social and environmental issues, support disadvantaged populations, and create positive change.
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- Corporations: Companies with a corporate social responsibility focus can benefit from strategic community investments to strengthen their brand reputation, build trust with consumers, and contribute to sustainable development.
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- Government entities: Governments can utilize community investments to improve infrastructure, education, healthcare, and other essential services to enhance the overall well-being of communities.
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- Foundations and philanthropists: Strategic community investments enable foundations and philanthropists to support initiatives aligned with their mission or cause, driving meaningful social impact and fostering positive social change.
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- Local communities: Individuals within communities benefit from strategic community investments as they receive direct support for their needs and experiences improved living conditions.
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- Social entrepreneurs: Community investments can be crucial for social entrepreneurs to launch and scale innovative projects that tackle societal challenges.
08
- Educational institutions: Universities and schools can utilize community investments to enhance educational programs, scholarships, and resources for students and the community.
09
- Activists and advocates: Individuals and groups advocating for specific causes can benefit from community investments to amplify their impact and promote positive change.
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Strategic community investments refer to funds allocated or invested in initiatives that foster economic growth and social development within a community, aimed at addressing specific needs or challenges.
Organizations and entities that engage in community investment activities, typically those receiving public or private funding for such initiatives, are required to file strategic community investments.
To fill out strategic community investments, organizations must complete the designated forms provided by the regulatory body, detailing the investment purpose, amount, expected outcomes, and the targeted community.
The purpose of strategic community investments is to enhance the quality of life in communities by addressing social, economic, and environmental challenges through targeted funding and resources.
Organizations must report on the amount invested, the specific community initiatives funded, expected impacts, and metrics for measuring success.
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