Looking for success stories, alternative uses of CDBG funds

[mtnland at yahoo.com]

I am doing research on the laws and regulations governing CDBG funds
for a rural micro-enterprise group in East Tennessee that hopes to tap
into what has become largely a "water and sewer" fund. I would like to
compare and contrast the results with surrounding states. We are
looking for success stories where community groups have subcontracted
these monies to carry out community banking objectives.

With kindest regards,

Derek




==
Derek J. H. Douglas
Regional Land Trust for Appalachian Communities, Inc.
Temporary Address:
747 Lullwater Road NE
Atlanta, Georgia 30307-1288
Ph: (404) 373 - 1802
land@cheerful.com, land@jellico.com, mtnland@hotmail.com
__________________________________________________ _______
DO YOU YAHOO!?
Get your free @yahoo.com address at http://mail.yahoo.com



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[nwass at together.net]

Derek
Vermont CDBG funds have been used repeatedly to capitalize local
revolving loan funds that support housing, and ED. Repayments of initial
grants have also been used this way. As is always the case with CDBG, it
is incredibly complex - the latest twist includes various ways of using
repayments that determine whether or not the funds are counted as program
income or unrestricted revenue. The State's CD Program Director is Carl
Bohlen - cbohlen@gate.dca.state.vt.us - He can probably fill you in on
the regulatory nuances.

Also, the NH Community Loan Fund managed to access CDBG funds through
county government to help capitalize one (or more) of their loan
funds....it took a LONG time.

Good luck,
Nancy Wasserman
17 Kent St.
Montpelier, VT 05602
nwass@together.net

Derek Douglas wrote:

> I am doing research on the laws and regulations governing CDBG funds
> for a rural micro-enterprise group in East Tennessee that hopes to tap
> into what has become largely a "water and sewer" fund. I would like to
> compare and contrast the results with surrounding states. We are
> looking for success stories where community groups have subcontracted
> these monies to carry out community banking objectives.
>
> With kindest regards,
>
> Derek
>
> ==
> Derek J. H. Douglas
> Regional Land Trust for Appalachian Communities, Inc.
> Temporary Address:
> 747 Lullwater Road NE
> Atlanta, Georgia 30307-1288
> Ph: (404) 373 - 1802
> land@cheerful.com, land@jellico.com, mtnland@hotmail.com
> __________________________________________________ _______
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com





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