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Discussion Paper
The case for the community partner in economic development
Community-based organizations promote economic development by assembling investments in affordable housing, mixed-use real estate, community facilities, and small business in specific geographies. A principal way that community-based organizations tap institutional investors for deals is by partnering with investment intermediaries who manage the risk of these transactions by pooling assets, spreading risk across investors, and pricing the transaction up to the associated risk. Such a partnership allows an investment intermediary, or what the industry calls an ?investment vehicle,? to use its ...
Journal Article
Maine's Community Reinvestment Corporation is financing affordable housing development
John Moore from Bangor Savings Bank profiles the new affordable housing consortium.
Journal Article
It takes more than a village to save one: Holbrook's Wharf, Cundy's Harbor, Maine
A monumental effort by a broad spectrum of concerned individuals, companies, government bodies, and nonprofit funders saved a Maine wharf and the way of life that had grown up around it over generations.
Journal Article
Four directions: Native American lending in Maine
Four Directions, a community development financial institution established by Maine?s four Native American tribes, is overcoming many traditional barriers to lending on tribal land.
Journal Article
A community development work in progress
Why would a banker who liked what he was doing consider a job with more bureaucracy? Michael Finnegan tells of his switch to the Maine State Housing Authority and how he and his colleagues are focusing attention on Maine's key community development issues.