Economic Development

As paraphrased on our programming page, economic development encompasses a broad spectrum of activities – affordable housing & commercial properties initiatives, neighborhood revitalization & job creation, and a host of human capacity-building ideas.  Ours at CCA comprised CDFI & technical assistance, with initial focus on cost-effective or missing middle housing development blended with capital solutions & technical support to SMEs, including the CCA-powered Musgrave Street Rehab project.

Musgrave Street Rehabilitation Project

As you may have read on our history page, the story of CCA begins in the 1990s to early-2000s when a group of adjuncts and graduate students planted the seeds of our work in Northcentral and West Philadelphia by assisting grassroots groups with CDFI, charter school, and childcare projects. Many of those fledgling initiatives have grown into productive, thriving & successful ventures.

Having dedicated time to international and domestic partnerships (2017-2024) - in 2025, we made a strategic pivot back to our core CDFI and economic development work as a direct response to the pandemic's impact and economic development challenges here in our own Philadelphia region. Following many years in Center City and Valley Forge, we have found our (emerging) new home in Philadelphia's Mt. Airy neighborhood.

The Musgrave Street project fulfills dual objectives of (a) Kickstarting an affordable housing initiative, aimed at fostering restorative dignity through permanent homeownership for working families, while creating a supportive housing pathway for CCA women; and (b) Host a neighborhood-based offices for CCA.

Learn More

~ Seeking Solutions

~ Seeking Solutions

We are blending capital solutions with technical assistance to assist women & girls increase their equity-stakes in the broader economy.

Gender-lens Investing

The recalibrated CCA offers concrete strategy and an objective of transferring women’s wealth building decision-making to women—assisting them to, as Sheryl Sandberg encouraged, “lean in” to fulfill their heart-felt goals and ambitions. To say to themselves, the buck stops here! This is one of the key pillars of the rebranded CCA and in many ways, it is also the impetus of the CDFI Industry.

Equity in the rebranded CCA has a three-fold benefit for participants: first, it transfers economic self-reliance to the entrepreneur; second, it cultivates a forward-thinking, dedicated entrepreneurial mindset to enhance the probability of success; and finally, it offers intrinsic dignity and self-worth consistent with the ideals of empowerment. It is a tiny but significant response to the wealth building challenges facing women entrepreneurs—a collaborative response that brings together the CDFI expertise of Community Capital Advisors (CCA), the resolved of highly talented individuals and committed investors, and the moral support of concerned leadership from the spheres of the greater good.

Echoing President JFK moonshot ideal, CCA’s co-executive director & former DMV candidate, Justma Kerkula noted, “We choose to assist women build wealth! – going beyond equal pay – ‘not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills, because that challenge is one that we are willing to accept, one we are unwilling to postpone, and one which we intend to win.’ Paraphrasing President Obama, we need to marshal the courage of assisting women to create opportunity for themselves and others - http://money.cnn.com/2016/01/12/news/economy/obama-state-of-the-union/. Women face unprecedented and at times daunting challenges throughout human history, but they have managed to find opportunities to make a difference—at times banding together to change the landscape for the greater good. At our current crossroads, let’s christen our humanity, as well as our scientific and technological knowledge to do what is necessary for a better tomorrow for us, our children and potentially, for generations to come. That’s one reason we are rebranding or recalibrating CCA back to its 1990s roots - into a future-focused CDFI for assisting visionary, hardworking entrepreneurs, including women.

We are an Applied Research Investors… “Seeking Solutions” for the Greater Good & a Better Tomorrow

Learn More

Next Generation Entrepreneurs Support

Next Generation Entrepreneurs Support

The words of former CDFI Fund’s Director Jodie Harris still retain their relevance today: “In today’s economic climate, so many Americans live paycheck to paycheck. I’m proud that these awards will expand the access to affordable small dollar loans for underserved and distressed communities.” In many ways, this is a pivotal impetus of the CDFI Fund and CDFIs across the country, including the Philadelphia region.

At Community Capital Advisors (CCA), we aim to support next generation entrepreneurs and local economic development through capital solutions blended with capacity-building support.

Applied Research

Learn More

Contact us:

Community Capital Advisors

info@communitycapitaladvisors.org
(267) 344-9891

6723 Musgrave Street
Philadelphia, PA 19119