Shared Equity Agreements For Nonprofits In Miami-Dade
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The Miami-Dade Board of County Commissioners is the governing body of unincorporated Miami-Dade County and has broad regional powers to establish policies for Miami-Dade County services. The government provides major metropolitan services countywide and city-type services for residents of unincorporated areas.
Through the Community-Based Organization (CBO) Grant Program, administered by the Office of Management and Budget (OMB), Miami-Dade County allocates more than $15 million annually to support human and social services delivered by nonprofit CBOs. Current allocations (FY 2023-2024) support 158 CBO programs.
A collateralized bond obligation (CBO) is a structured product that pools several junk bonds in order to create an investment grade security. Pooling several securities that would be otherwise high-risk on their own creates diversification such that the pooled security is far less risky for investors.
Ing to a 2020 study by the Florida International University Jorge M. Pérez Metropolitan Center, the over 10,000 Nonprofits in Miami-Dade County create a total economic impact of $23.7 billion. Additionally, the Nonprofit sector employs approximately 115,000 individuals.
Funding Arts Network (FAN) is a 501 (C)(3) non-profit organization dedicated to supporting the visual and performing arts programs in Miami-Dade County through member-supported grants. FAN's cultural and educational programs enhance awareness, appreciation, and involvement in the arts throughout Miami-Dade.
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