Examples of local govt in CD lending

[Community Development Banking List]

Original message from: ratclifj@email.unc.edu

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,
or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and
their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages

[Community Development Banking List]

Original message from: Jackie.Pennington@lnfcu.com

Laura,

I would like to brag on my city just a little. Louisville Kentucky has
a wonderful program called COOL, Corridors of Opportunity that provides
funding to small businesses for their economic development. The person
you would need to speak with is Charles Foree. His phone number is
502-574-1554. He will gladly provide you with information on all the
programs, COOL is just one, that the city offers.

Good luck with your endeavor.


Jacqueline L. Pennington
Director, Business Development
L&N Federal Credit Union
4700 Southern Pky.
Louisville, KY 40214
jackie.pennington@LNFCU.com
Office 502-315-5387
Fax 502-515-1648



-----Original Message-----
From: bounce-7284683-9347076@list.cornell.edu
[mailto:bounce-7284683-9347076@list.cornell.edu] On Behalf Of Janneke
Ratcliffe
Sent: Monday, November 08, 2010 6:29 AM
To: communitydevelopmentbanking-l@list.cornell.edu
Cc: benedictlaura1959@gmail.com
Subject: Examples of local govt in CD lending

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,

or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and

their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages






-------------------------------------------------------------------------

This email and any files transmitted with it are confidential and are intended solely for the use of the individual or entity to which they are addressed. This communication represents the originator's personal views and opinions, which do not necessarily reflect those of L&N Federal Credit Union. If you are not the original recipient or the person responsible for delivering the email to the intended recipient, be advised that you have received this email in error, and that any use, dissemination, forwarding, printing, or copying of this email is strictly prohibited. If you receive this email in error, please delete it and immediately notify postmaster@LNFCU.com.

[Community Development Banking List]

Original message from: MStern@cdcu.coop

Hi Janneke,

New York State has a long-standing grant program (1997) for the State's CDFIs that lend to woman and minority owned businesses. This year the State has added a low interest loan program, also for CDFIs doing small business lending. The program is run through the Empire State Development Corporation. You can get more details at http://www.empire.state.ny.us/Busine...rams/CDFI.html



Melanie Stern
Senior Program Officer
Coordinator New York State Coalition of CDFIs
T 212.809.1850 x211
F 212.809.3274

*
National Federation of Community Development Credit Unions
116 John Street, 33rd Floor . New York, NY 10038 . www.cdcu.coop*



-----Original Message-----
From: bounce-7284683-9560656@list.cornell.edu [mailto:bounce-7284683-9560656@list.cornell.edu] On Behalf Of Janneke Ratcliffe
Sent: Monday, November 08, 2010 6:29 AM
To: communitydevelopmentbanking-l@list.cornell.edu
Cc: benedictlaura1959@gmail.com
Subject: Examples of local govt in CD lending

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,
or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and
their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages

[Community Development Banking List]

Original message from: mschaaf@communityinvestment.net

Laura,

I think that you will find the examples too numerous to list. Although it
varies with jurisdiction, during various times, and with availability of
funds, US local (and state) governments have been active for many years in
community development lending, both with and without CDFIs. For example, a
market analysis I worked on, "NeighborWorks Network: Real Estate
Development Capital," found that "Local Programs" provided about 14% of the
total capital that these nonprofits used to develop affordable housing and
community oriented real estate projects. This is an understatement, I think,
For this narrow market segment insofar as these same local governments
likely invested in the nonprofits too, as well as their deals.

Some programs available to localities are specifically designed for
community lending, such as the HUD 108 program (which also has other uses).


Although obtaining examples may be useful to you at this juncture, I think
that am even more significant question is how local community lending is
carried out effectively. Best wishes for advancing CDFIs in NZ.

Michael

Michael Schaaf
Principal
Community Investment Associates
P.O. Box 235
Ipswich, MA 01938
978 356-2164 Business
978 500-0886 Cell
mschaaf@communityinvestment. net

-----Original Message-----
From: bounce-7284683-4991546@list.cornell.edu
[mailto:bounce-7284683-4991546@list.cornell.edu] On Behalf Of Janneke
Ratcliffe
Sent: Monday, November 08, 2010 6:29 AM
To: communitydevelopmentbanking-l@list.cornell.edu
Cc: benedictlaura1959@gmail.com
Subject: Examples of local govt in CD lending

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,
or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and
their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages

[Community Development Banking List]

Original message from: RMcIntosh@lisc.org

The City of Indianapolis provides loans and grants for economic development
projects such as small business facade renovations, brownfield
redevelopment and other real estate lending - www.focusindy.com is one
place to read about these partnerships.





.................................................. .....................................

Rachel McIntosh
Comprehensive Investment Program Officer
Local Initiatives Support Corporation
333 North Pennsylvania Street, Suite 600
Indianapolis, Indiana 46204
317.396.0588 ext. 16 - direct
317.396.0595 - fax
rmcintosh@lisc.org

Helping Neighbors Build Communities
www.lisc.org/indianapolis


>> Jackie Pennington <Jackie.Pennington@lnfcu.com> 11/8/2010 11:31:30 AM
>>

Laura,

I would like to brag on my city just a little. Louisville Kentucky has
a wonderful program called COOL, Corridors of Opportunity that provides
funding to small businesses for their economic development. The person
you would need to speak with is Charles Foree. His phone number is
502-574-1554. He will gladly provide you with information on all the
programs, COOL is just one, that the city offers.

Good luck with your endeavor.


Jacqueline L. Pennington
Director, Business Development
L&N Federal Credit Union
4700 Southern Pky.
Louisville, KY 40214
jackie.pennington@LNFCU.com
Office 502-315-5387
Fax 502-515-1648



-----Original Message-----
From: bounce-7284683-9347076@list.cornell.edu
[mailto:bounce-7284683-9347076@list.cornell.edu] On Behalf Of Janneke
Ratcliffe
Sent: Monday, November 08, 2010 6:29 AM
To: communitydevelopmentbanking-l@list.cornell.edu
Cc: benedictlaura1959@gmail.com
Subject: Examples of local govt in CD lending

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,

or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and

their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages






-------------------------------------------------------------------------

This email and any files transmitted with it are confidential and are
intended solely for the use of the individual or entity to which they are
addressed. This communication represents the originator's personal views
and opinions, which do not necessarily reflect those of L&N Federal Credit
Union. If you are not the original recipient or the person responsible for
delivering the email to the intended recipient, be advised that you have
received this email in error, and that any use, dissemination, forwarding,
printing, or copying of this email is strictly prohibited. If you receive
this email in error, please delete it and immediately notify
postmaster@LNFCU.com.

[Community Development Banking List]

Original message from: cmittlestadt@cookinletlending.com

The State of Alaska: Alaska Housing Finance Corporation (AHFC) provides
loans to sponsors of affordable housing, non profits, etc. Cook Inlet
Lending Center-a non profit and CDFI is a recipient of these (extremely)
beneficial capital funds to deploy as second mortgage loans.

http://www.ahfc.state.ak.us/loans/sponsors.cfm

Cindy L. Mittlestadt

AK271895
Senior Manager
Cook Inlet Lending Center, Inc.
(907) 793-3038

Email: cmittlestadt@cookinletlending.com









From: bounce-7309285-12987765@list.cornell.edu
[mailto:bounce-7309285-12987765@list.cornell.edu] On Behalf Of Rachel
McIntosh
Sent: Monday, November 08, 2010 8:31 AM
To: Janneke Ratcliffe; communitydevelopmentbanking-l@list.cornell.edu;
Jackie Pennington
Cc: benedictlaura1959@gmail.com; charles.foree@louisvilleky.gov; Verna
Goatley
Subject: RE: Examples of local govt in CD lending



The City of Indianapolis provides loans and grants for economic
development projects such as small business facade renovations,
brownfield redevelopment and other real estate lending -
www.focusindy.com is one place to read about these partnerships.











.................................................. ......................
...............



Rachel McIntosh
Comprehensive Investment Program Officer
Local Initiatives Support Corporation
333 North Pennsylvania Street, Suite 600
Indianapolis, Indiana 46204
317.396.0588 ext. 16 - direct
317.396.0595 - fax
rmcintosh@lisc.org



Helping Neighbors Build Communities
www.lisc.org/indianapolis


>> Jackie Pennington <Jackie.Pennington@lnfcu.com> 11/8/2010 11:31:30
AM >>>

Laura,

I would like to brag on my city just a little. Louisville Kentucky has
a wonderful program called COOL, Corridors of Opportunity that provides
funding to small businesses for their economic development. The person
you would need to speak with is Charles Foree. His phone number is
502-574-1554. He will gladly provide you with information on all the
programs, COOL is just one, that the city offers.

Good luck with your endeavor.


Jacqueline L. Pennington
Director, Business Development
L&N Federal Credit Union
4700 Southern Pky.
Louisville, KY 40214
jackie.pennington@LNFCU.com
Office 502-315-5387
Fax 502-515-1648



-----Original Message-----
From: bounce-7284683-9347076@list.cornell.edu
[mailto:bounce-7284683-9347076@list.cornell.edu]
<mailto:bounce-7284683-9347076@list.cornell.edu%5d> On Behalf Of
Janneke
Ratcliffe
Sent: Monday, November 08, 2010 6:29 AM
To: communitydevelopmentbanking-l@list.cornell.edu
Cc: benedictlaura1959@gmail.com
Subject: Examples of local govt in CD lending

Hi all,

Can you point me in the direction of any examples or reports of local
governments working with and or supporting and/or doing community
development lending? I'm thinking in housing, second mortgage programs,

or partnership lending for small business development, in partnership
with CDFIs or local organizations, or on their own... any and all ideas
most welcome.

Auckland, NZ's biggest city has recently done a government re-design and

their new Chief Economist is keen to partner with/support the nascent
CDFI movement here and is looking for ... I quote...

any literature or case examples on the role of local governments in
social lending facilities. I am after some concrete examples where
local government has been involved in a constructive way ...I was
very optimistic with some of the roles that were put forward - but
if we are able to say that these roles have been tested elsewhere we
are likely to make greater inroads. Any information that you have
will help me push this a little more. Information can be well used
in the next few weeks.

Any and all help will be most appreciated,

Laura

--

Laura Benedict
Ian Axford Public Policy Fellow
Flat 3, 90 Salamanca Road
Kelburn 6012, Wellington
New Zealand
office: 04 918 9513 (generally 9:15-2:45)
mobile: 027 297 2429
home: 04 499 2523 or 04 889 0102 for messages






------------------------------------------------------------------------
-

This email and any files transmitted with it are confidential and are
intended solely for the use of the individual or entity to which they
are addressed. This communication represents the originator's personal
views and opinions, which do not necessarily reflect those of L&N
Federal Credit Union. If you are not the original recipient or the
person responsible for delivering the email to the intended recipient,
be advised that you have received this email in error, and that any use,
dissemination, forwarding, printing, or copying of this email is
strictly prohibited. If you receive this email in error, please delete
it and immediately notify postmaster@LNFCU.com.




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