Innovative rural programs

[PANKEL at aba.com]

Hello to all,

I am hoping to gather information on linkages between community
groups and banks in rural areas (particularly in the South).
Does anyone have examples they would like to share, or perhaps a
directory of such projects?

I am particularly interested in examples of projects/government
programs that have fostered a coordinated effort between banks,
communities and/or state and federal government.

Also, I recall some time ago someone mentioning that they had
come up with ~20 changes to Fannie and Freddie underwriting
standards they felt did not affect the underlying risk on the
loan. I would be interested seeing those changes and any other
specific comments people have about Fannie and Freddie
underwriting standards.

Thanks.....

Phil Ankel

PANKEL@ABA.COM



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[cei at saturn.caps.maine.]

Try any of the rural community development corporations around the
country...a listing is probably available from the National Corporation
for Community Economci Development (NCCED) in Washington, DC.


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[RSumner at aol.com]

In about 30 days the Federal Reserve Bank of St. Louis will be publishing a
profile of the lower Mississippi delta region. It will contain development
success stories as well as a needs assessment.

Send me a snail mail address and I'll forward a copy to you upon publication.

Randy Sumner


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[DmitriK at aol.com]

Pankel@aba.com writes:
>I am hoping to gather information on linkages between community
>groups and banks in rural areas (particularly in the South).
>Does anyone have examples they would like to share, or perhaps a
>directory of such projects?

I am in Fort Lauderdale, Florida and have many examples of bank/rural
partnerships and programs.. A few quick suggestions for reading and possible
attendance:
1. The Community Information Exchange in Washington has an excellent report
entitled "Lending for Community Economic Development: A Guide for Small Town
and Rural Lenders" (Drew Hogwood and Alice Shabecoff, author). Their number
is 202.628.2891, cost $15.
2. Fed Reserve Banks of Dallas, Atlanta, St. Louis, and Richmond are holding
a conference in Memphis on "The Renaissance of Rural America" March 7,8.
Looks like a good one...one of the few
CRA/community investment conferences that focus on Rural issues.

I am currently working with a group of bankers, community leaders and governme
nt officials in Valdosta, Georgia, in preparing a "strategic plan" for
community investment. I think the model we have developed maybe useful for
your planning purposes.

Please feel free to contact me through email or tel.#:305.525.1023.
Good luck.
James Carras
Carras Community Investment, Inc.



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[DmitriK at aol.com]

Re: Rural programs, Randy Sumner responded:
>In about 30 days the Federal Reserve Bank of St. Louis will be >publishing a
>profile of the lower Mississippi delta region. It will contain >development
>success stories as well as a needs assessment



Hi Randy
Good to "see" a familiar face here. Please send a copy of the report you
mentioned to:

My address is: James Carras
Carras Community Investment, Inc.
300 SW Second Street Suite Six
Fort Lauderdale, Florida 33312
305.525.1023


Thanks
Jim Carras (dmitrik@aol.com)


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[wlm4 at cornell.edu (Will]

>
>Rejected message: sent to COMMUNITYDEVELOPMENTBANKING-L@cornell.edu by
>Susan_Hollett@porthole.entnet.nf.ca, forwarded by list manager, follows.



PAnkel made an enquiry about linkages between community
groups and banks.

One Canadian organization you might be interested in is
CALMEADOW, particularly their PARD fund in Lockport Nova
Scotia.

Purpose is to to target disadvantaged groups of people,
bring them to gether into groups who want to start their own
businesses, they jointly co-sign a loan and it is taken to
the bank for disbursement and monitoring. The loans are all
underwritten by the CALMEADOW foundation (a group of private
sector people).

Susan_Hollett@porthole.entnet.nf.ca




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[CaroleS292 at aol.com]

Randy, I'd also appreciate receiving the report on the Mississippi Delta.
Thank you. Carole Schwinn, Jackson Community College, Jackson, MI 49201.


This post transferred from the cdb-l mailing list

[hans.maas at golden.org (]

In response to Susan's message, I am with Calmeadow in Canada, and would be
happy to share information on our PARD program. You can contact me at
416.362.0769...


Hans Maas




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[roadkill at NETCOM.COM]

On Fri, 3 Feb 1995 RSumner@aol.com wrote:

> In about 30 days the Federal Reserve Bank of St. Louis will be publishing a
> profile of the lower Mississippi delta region. It will contain development
> success stories as well as a needs assessment.
>
> Send me a snail mail address and I'll forward a copy to you upon publication.
>
> Randy Sumner
>
>
Anne O'Neill
130 Bryant St.
Palo Alto, CA 94301-1102


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[tmartin at CapAccess.org]

You should be aware of NRECA as a source of information on rural community
development and economic development programs. As follows:

Mr. Dan Kamerman
National Rural Electric Cooperative Association
Suite GR/EEP3-53
1800 Massachusetts Avenue N. W.
Washington, D. C. 20026

voice: 202/857-9562
fax: 202/857-4854
no Internet connection that I am aware of

-----------------------------------------------------------------------
Thomas John Martin, T.O.P. tmartin@capaccess.org
125 Mount Harmony Road West 301/855-6796
Owings, Maryland 20736-8904 USA




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[Jeffsbf at AOL.COM]

Please send me a copy if it's not too much of a bother.

Thank You
JEFFSBF


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[memery at lcsc.edu]

Phil,

I don't know exactly what you are looking for. We have an innovative
partnership with 12 local banks to provide small business loans in rural
North central Idaho and southeastern wa. The program has a 90% garantee
from SBA. The organization running the program has many links to community
organizations. I can send you more info,if you want it.

>Hello to all,
>
>I am hoping to gather information on linkages between community
>groups and banks in rural areas (particularly in the South).
>Does anyone have examples they would like to share, or perhaps a
>directory of such projects?
>
>I am particularly interested in examples of projects/government
>programs that have fostered a coordinated effort between banks,
>communities and/or state and federal government.
>
>Also, I recall some time ago someone mentioning that they had
>come up with ~20 changes to Fannie and Freddie underwriting
>standards they felt did not affect the underlying risk on the
>loan. I would be interested seeing those changes and any other
>specific comments people have about Fannie and Freddie
>underwriting standards.
>
>Thanks.....
>
>Phil Ankel
>
>PANKEL@ABA.COM




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[tmartin at CapAccess.org]

Annother source of information for "innovative rural programs" would be:

John B. Gauci
Executive Director
Cooperative Development Foundation (CDF)

7118034@MCImail.com

-----------------------------------------------------------------------
Thomas John Martin, T.O.P. tmartin@capaccess.org
125 Mount Harmony Road West 301/855-6796
Owings, Maryland 20736-8904 USA




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[ftobe at earthlink.net]

Thanks for your help. I appreciate your contribution. Keep them coming if you
think of any more.

Hasta la vista, baby!

Bob Feinberg




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[tmartin at CapAccess.org]

On Thu, 9 Feb 1995 ftobe@earthlink.net wrote:

> Thanks for your help. I appreciate your contribution. Keep them coming if you
> think of any more.
>
> Hasta la vista, baby!
>
> Bob Feinberg

O.K. Try the University Center for Cooperatives - University of
Wisconsin at Madison:

Professor Ann H. Hoyt, Ph.D. ann@UWCC.CALS.Wisc.edu

All the best, Tom
-----------------------------------------------------------------------
Thomas John Martin, T.O.P. tmartin@capaccess.org
125 Mount Harmony Road West 301/855-6796
Owings, Maryland 20736-8904 USA




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