wlm4 at cornell.edu (Will
01-13-1995, 08:13 AM
> I'm attempting to develop
>a sort of "housing finance triangle" where community-based
>groups, NGOs and Banks will form points of the triangle to
>mobilize credit.
There is an emerging model in the US as well that combines a CDFI, a
non-profit and a venture fund into a single development strategy. Here is a
description of how one CDCU combines resources to achieve a greater impact.
SELF HELP CREDIT UNION, NC
This organization has three arms: The Self Help Credit Union, Center for
Community Self Help, and Self Help Ventures Fund. The Center, the first in
operation, is a non-profit technicial assistance, advocacy organization.
The Center raises grants and guarantees and does political lobbying. The
Fund is unregulated and raises funds from entrepreneurs and social
foundations. The Fund is run like a revolving loan fund, and can often make
loans the Credit Union can not due to loan size, loan risk, or regulator
concerns.
************************************************** **********
William Myers
Alternatives Federal Credit Union
301 West State Street, Ithaca, NY 14850-5431
Voice (607) 273-3582 ext 817 FAX 277-6391
E-Mail Alternatives-Myers@Cornell.edu
************************************************** **********
This post transferred from the cdb-l mailing list
>a sort of "housing finance triangle" where community-based
>groups, NGOs and Banks will form points of the triangle to
>mobilize credit.
There is an emerging model in the US as well that combines a CDFI, a
non-profit and a venture fund into a single development strategy. Here is a
description of how one CDCU combines resources to achieve a greater impact.
SELF HELP CREDIT UNION, NC
This organization has three arms: The Self Help Credit Union, Center for
Community Self Help, and Self Help Ventures Fund. The Center, the first in
operation, is a non-profit technicial assistance, advocacy organization.
The Center raises grants and guarantees and does political lobbying. The
Fund is unregulated and raises funds from entrepreneurs and social
foundations. The Fund is run like a revolving loan fund, and can often make
loans the Credit Union can not due to loan size, loan risk, or regulator
concerns.
************************************************** **********
William Myers
Alternatives Federal Credit Union
301 West State Street, Ithaca, NY 14850-5431
Voice (607) 273-3582 ext 817 FAX 277-6391
E-Mail Alternatives-Myers@Cornell.edu
************************************************** **********
This post transferred from the cdb-l mailing list